Walmex stock rises 1.14% as digital growth meets margin pressure

Walmex stock traded at 2.66 euros on Lang & Schwarz at 17:07 CET on Wednesday, November 11. Compared with the 2.63-euro quote in the previous report published at 14:48 CET, the latest indication was 1.14 percent higher.

Sales growth outpaces profit

Walmart de Mexico y Centroamerica reported its July-to-September results on October 27, 2026. ESM Magazine said consolidated revenue rose 3.0 percent year on year to MXN 248.8 billion, with constant-currency growth at 3.6 percent.

Mexico revenue increased 3.1 percent to MXN 206.7 billion, while Central America grew 6.0 percent to MXN 42.1 billion. Comparable-store sales advanced 1.7 percent in Mexico and 4.8 percent in Central America, supported by higher average spending and broadly stable traffic in Mexico.

Digital channels remain the growth engine

Mexico e-commerce net sales increased 15.8 percent, while store-fulfilled sales grew 20.8 percent. Walmex operated 4,346 units across Mexico and Central America at September 30 and opened 42 stores during the quarter.

The earnings conversion was weaker. Consolidated EBITDA rose 0.4 percent to MXN 25.4 billion, but the margin narrowed by 30 basis points to 10.2 percent. Gross margin held at 24.7 percent, while quarterly net profit reached MXN 11.0 billion.

Guidance keeps execution in focus

Management retained its 2026 outlook for consolidated sales growth of 3.5 percent to 4.5 percent in constant currency. It also expects the EBITDA margin to finish slightly below the prior year's level.

For investors, the next test is whether digital expansion, new stores and commerce solutions can generate productivity gains quickly enough to offset price investments, technology spending and other operating costs.

Mexican retail shares can be followed in Current market reports.

Further company-specific developments are available in More news and analyses on Walmex stock.