When separating the results by operation in Mexico and Central America, it is observed that at the national level, the company had revenues of 179,018 million pesos, which is an increase of 9.5%. Likewise, the operating flow was 19,808 million pesos, with a growth of 10.1%.
On the other hand, in Central America, revenues were 34,047 million pesos, with an increase of 9%, while Ebitda was 3,159 million pesos, an increase of 11.2%. During the quarter, the company opened 27 new stores, of which 24 were in Mexico, two in Honduras and one in Costa Rica.
The Bodega format led in terms of openings, and the contribution of new stores to the growth of consolidated sales was 1.6%. So far this year, Walmart has opened 61 stores.
A relevant point is that in the third quarter of 2023, same-store sales of Walmart’s own brands grew 11% compared to last year, with an increase of 300 basis points above the growth of commercial brands.
Currently, Walmart has nearly 7,000 private label products and has carried out almost 700 product launches and re-launches in the first nine months of the year. Great, Value and Aurrerá represented almost 80% of participation, while the categories with the highest shelf rotation during this third quarter were home and grocery. Members Mark continues with a penetration of more than 20% of total sales at Sam’s Club.
Performance by format
At Bodega, six out of every 10 tickets have at least one product from the Morralla campaign, which aims to offer more affordable products ranging from five to 35 pesos.
As for Sam’s Club, for customers without membership, the retailer had one more edition of the Open House event, so that they could shop at these clubs. This edition reported an increase in sales of 23.4% compared to last year’s event and helped attract almost 50,000 new members and almost 130,000 renewals for Sam’s.
The seasonal event of the Back to School quarter grew 8.6% compared to last year’s event and a shift of this campaign from August to September was observed mainly because the school supply lists were published until the end of August.
Regarding the merchandise, grocery and consumables divisions, it continues to be the main generator of sales growth. General merchandise, which represents 30% of total sales, recorded mid-single-digit year-on-year growth.
The company has observed a cautious consumer environment waiting for the right moment to buy higher-priced products at relevant sales events, so it expects to see a similar effect in the Irresistible End to what happened during the Hot Sale, in the second quarter. of the year.
Other divisions
During the third quarter, e-commerce GMV grew 19%, driven by on demand and marketplace. Net e-commerce sales in Mexico grew 15%, while the one-hour delivery offer is already implemented in more than 250 stores; In addition, Despensa a tu casa reached more than 4 million orders, 2.2 times more than they had in the same period last year.
Walmart Pass continues to be seen as a useful solution for home delivery, customers with membership spend 50% more than non-members and their frequency increases from two to 3.5 times.
Bait, its mobile virtual network operator, reached 8 million active users, an increase of more than 85% year-on-year. “We believe our growth could be even higher, but there is an unexplained shortage of mobile phones that is artificially limiting demand. “We are working with suppliers and Mexican authorities to resolve this problem,” the company said in its financial report.
Walmart Connect reported 33% year-over-year growth compared to the third quarter of last year, driven primarily by the launch of 30% more campaigns.
At Cashi, progress continues in the integration of systems with Trafalgar to allow customers to access an Open-Loop system. Currently, they are in the process of internal testing.
Regarding its health initiative, a few weeks ago it opened its first medical services center in Supercenter Plaza Oriente, where they have already treated nearly 1,500 patients in the first 18 days of operation. This center is key to its strategy of offering medical services at low prices, complementing its offering of pharmacies, medical offices and health memberships.
The Cofece investigation
Regarding its recent notification received by Cofece, the company says it is confident that it has always complied with the applicable legislation and that, in any case, its actions have benefited clients, club members, the communities in which they operate and to the country, in general, by providing the best prices, assortment and quality, as well as formalizing commerce in all the communities where it operates.
“This is the first opportunity for Walmex to defend itself against the allegations of the investigating authority: in this process we will exercise all rights and remedies available under applicable law. During the last three years that this investigation lasted. “We have complied with all requests for information from the investigative authority, and now is the time to present our case,” the company said in its financial report, sent to the Stock Exchange.