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Stock impact report

Coronavirus demand boosts Walmart's Mexico unit quarterly profit [Reuters]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Reuters
Coronavirus demand boosts Walmart's Mexico unit quarterly profit MEXICO CITY (Reuters) - Walmart’s Mexico unit reported a 15.4% jump in quarterly profit on Tuesday, meeting analysts’ expectations of strong results due to a surge in shopping triggered by the coronavirus pandemic. Walmart de Mexico, the biggest retailer in Mexico, reported a first-quarter net profit of 10 billion pesos ($420 million), up from 8.7 billion pesos a year earlier. Chief Executive Guilherme Loureiro said in a webcast that the results reflected high demand for essential goods in an emergency period that was not part of the “ordinary course” of business, and led to 20,500 new hires. “When this situation finishes, we will face other challenges, so this should not be taken into account to forecast our future performance,” Loureiro said. The company, also known as Walmex, reported revenue of 171.3 billion pesos in the period, up from 151.7 billion pesos a year ago. Mexico registered its first cases of COVID-19 - t Show less Read more
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