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Walmart (WALMEX.MX) 1Q16 Results: Solid Quarter; Growth Expected to Continue in 2016

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Insight Report

Executive Summary

  • Walmex reported 1Q16 revenues of MXN$126.4 billion, up 13.2% year over year and ahead of the consensus estimate of MXN$125.5 billion. EPS was MXN$0.39, beating the consensus estimate by .05 pesos and representing a 30.1% increase from 1Q15.
  • Same store sales increased 9.3% in Mexico and 5.0% in Central America on a constant-currency basis.
  • For 2016, management expects continued growth, and consensus estimates call for 9.4% revenue growth and EPS of MXN$1.62, representing 11.7% growth.
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