Walmex

Wal-Mart de Mexico, also known as Walmex, gave store coupons as part of salaries.

Wal-Mart Loses Mexican Pay-Voucher Case 2008

WalMart de Mexico, also known as Walmex, gave store coupons as part of salaries.

Wal-Mart Watch 2009

WalMart de Mexico, also known as Walmex, gave store coupons as part of salaries.

Wal-Mart Watch 2009

Net profit as a percentage of Walmex's sales fell to 5.5% from 5.7% in the first quarter of 2010, while the company's Ebitda margin narrowed to 9.7% from 9.8%.

Walmex Profit Rises 13% Paul Kiernan 2011

Walmex's locally traded shares closed 0.6% lower Friday in Mexico City.

Walmex Profit Rises 13% Paul Kiernan 2011

MEXICO CITY—Wal-Mart de Mexico SAB, or Walmex, reported Friday first-quarter net profit and cash flow that fell short of analysts' expectations, as margins narrowed from a year earlier.

Walmex Profit Rises 13% Paul Kiernan 2011

Sales at Walmex's stores in Mexico and Central America rose 18% to 85.07 billion pesos.

Walmex Profit Rises 13% Paul Kiernan 2011

"I am pleased to comment that we began the year with a first quarter in line with our expectations regarding sales and investment," Walmex Chief Executive Scot Rank said in a news release.

Walmex Profit Rises 13% Paul Kiernan 2011

Walmex's growth in sales and cash flow slowed noticeably in the first quarter from last year, when they each rose about 24% thanks to the company's acquisition of more than 500 stores in Central America in early 2010.

Walmex Profit Rises 13% Paul Kiernan 2011

Partly explaining the decrease in margins was a 22% rise in Walmex's general expenses, which outpaced revenue growth.

Walmex Profit Rises 13% Paul Kiernan 2011