Walmart Mexico

Walmart posts strong third-quarter results

Walmart Inc. (NYSE:WMT) posted strong third-quarter results Tuesday, with diluted earnings per share of $1.80 coming in above the $1.18 per share estimate of analysts polled on Barchart.

The company’s adjusted EPS excluded the impact of an 80 cents per share unrealized gain on certain equity investments and a 34 cents per share loss on the sale of Walmart’s Argentina business, the company said. Excluding those amounts, the company’s EPS was $1.34. 

Quarterly revenue was reported at $134.7...

https://www.freightwaves.com/news/walmart-posts-strong-third-quarter-results

Ace Hardware expanding into Mexico

Ace Hardware, the world’s largest hardware retail cooperative, plans to enter the home improvement market in Mexico.

Ace Hardware International Holdings Ltd., the company’s international division, will focus on franchise development in Mexico City, with a projected first store opening in mid-2021. 

The company also recently signed a supply and logistics agreement with Monterrey, Mexico-based PIMSA Ferreteros to provide transportation, warehousing and distribution services for Ace International’s...

https://s29755.pcdn.co/news/ace-hardware-expanding-into-mexico

Pandemic rapidly accelerating e-commerce in Mexico

COVID-19 has significantly altered consumer shopping patterns across Mexico, according to industry insiders.

Mexico’s largest e-commerce platforms — WalMart, Amazon and MercadoLibre — all reported gains in users and revenue during the second quarter of 2020.

Walmart de Mexico (BMV: WALMEX.MX), Walmart’s Mexico unit, reported online sales grew 217% in the second quarter and now make up 4.5% of total sales in Mexico. Walmart is the largest retailer in Mexico.

“As social distancing measures became...

https://s29755.pcdn.co/news/pandemic-rapidly-accelerating-e-commerce-in-mexico