Despite the uncertainty generated by the United States tariffs, Walmart de México y Centroamérica (Walmex) reported a 6.5% increase in its consolidated revenues to 240,975 million pesos (mdp) during the first quarter of 2025 (1Q25), compared to the same period in 2024, when it was 226,194 million pesos .

In its report submitted to the Mexican Stock Exchange (BMV) , the retailer indicated that this increase was driven by growth in both regions: 2.9% in Mexico and 3.5% in Central America, as well as by the depreciation of the Mexican peso and by new stores, which contributed 1.6% to the total increase.

Walmex highlighted that as of March 31, 2025, it operated 4,099 units in Costa Rica, Guatemala, Honduras, El Salvador, Mexico, and Nicaragua, through self-service stores, membership-based price clubs, and omnichannel sales.

During the first quarter of 2025, Walmart opened 20 new stores, 67% more than in the same period last year.

Of the new openings, 17 were in Mexico, one in Costa Rica, one in Guatemala, and one in Nicaragua, representing approximately 21,000 square meters of additional sales floor space and contributing 1.6% to total sales growth during the quarter.

The retailer noted that its operating cash flow (EBITDA) also increased by 1.9% in the first three months of the year, reaching 25.091 billion pesos .

The company’s net profit was 12.317 billion pesos in the first quarter of 2025, representing a 6.6% increase compared to the first quarter of last year.

Regarding operating profit, Walmart saw a 1.5% decrease , totaling 18.889 billion pesos compared to 19.170 billion pesos achieved in the same period in 2024.

In Mexico, gross profit rose 3.6% to 46.968 billion pesos in the period compared to 45.353 billion pesos in the same period in 2024.

EBITDA in the first quarter of 2025 was 20,852 million pesos , a decrease of 1% compared to 1Q24.

In Central America, Walmart recorded EBITDA of 4.239 billion pesos in the first quarter of the year, representing a 1.6% increase compared to the same period in 2024.

Its gross profit in that region was 11.107 billion pesos during the period, a 4% increase compared to the first quarter of last year.

Meanwhile, total revenue increased 3.5% year-over-year, driven by 1.9% growth in same-store sales and a 1.6% contribution from new stores.

Walmart Mexico and Central America highlighted that Bait , its telephone service, reached 19.8 million active users and generated 2.3 billion pesos in revenue during the quarter.

During that period, it stated that its e-commerce business grew 17% due to a 26% increase in On Demand , while its marketplace registered an 8% increase .

In its report, it highlighted that they continue to grow faster than establishments that make up the National Association of Self-Service and Department Stores (ANTAD) and estimated that it will begin to see a gradual increase in the following quarters and a more solid consumer environment in 2026.

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