Walmart Mexico Earnings Hit by Soft Consumption, Profit Falls 10%

Published: 21 Jul 2025

Author: Precedence Research

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Mexico’s and Central America’s Walmart observed a 10% dip in its Q2 2025 net profits, as per updates on July 16, 2025. The dip was not expected by the analysts, along with a slower recovery rate, even after 8% sales hike. For the three months through June, the net profit was 11.23 billion pesos ($598 million). Again, the number was below the analysts' forecast of nearly 13 billion pesos, as polled by LSEG. Alongside this, revenues rose 8% year-on-year to reach 246.25 billion pesos, slightly above the analysts’ estimate of 246.07 billion pesos. 

Walmex Chief Executive Officer Ignacio Caride, in a presentation of the results, stated, “We are starting to see a gradual pickup in sales. However, the recovery has been slower than expected, with consumer confidence having mixed results in the quarter and with uncertainty still present.” He concluded his statement by saying, “I am happy about the progress of our strategy even though I'm not happy with our current results.” 

Analysts had predicted a strong quarter for retailers due to Walmart's Hot Sale promotional period in May 2025. Many workers also received annual profit-sharing bonus payments, reflecting the company's financial strength. 

Mexico’s largest retailer, Walmex, operates Walmart and Sam’s Club Stores, along with low-cost supermarket chains such as Bodega Aurrera. It also opened 25 new stores in the same quarter in the country. 

Walmex, in its statement, quoted, “value proposition remains very relevant to our customers during these complicated times.” The retailer also claimed that its sales growth was due to major reasons such as Bodega Aurrera and Sam’s Club. The renowned retailer also claimed that its brands improved its customer perception of its prices, along with customers embracing the campaign featuring Lilo & Stitch products.

The company forecasted 6-7% growth in revenue by 2025, accompanied by a gradual increase in growth in the second half of 2025. Walmex’s management, in its statement, quoted, “We are seeing a slower-than-expected consumption recovery, but we don't see any fundamental change in what we forecasted for the full year.”