Wal-Mart de Mexico (Walmex) has reported that sales increased by 11.3 per cent during the second quarter (Q2) of the year, hitting MXP63.64bn (US$4.32bn).
This improvement, along with reduced operating expenses, allowed operating income to increase by 17.8 per cent on the same period of 2008, the group said.
Customer count at the group's stores jumped 13.9 per cent during the quarter, with expenses up 7.4 per cent.
'The excellent results achieved by our company during this quarter are a result of our determination and capability to react to an unfavourable environment, said group president and CEO Eduardo Solorzano. 'Our continuous effort to exceed customers' expectations led us, once again, to reinvest the savings achieved through efficiencies in lower prices.'
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