Walmart de México y Centroamérica Reports
Results for the First Quarter 2021
FREE TRANSLATION, NOT TO THE LETTER
Mexico City, April 27, 2021
Financial Results
Today Wal-Martde México, S.A.B. de C.V. (BMV/BIVA: WALMEX) reported financial results for the first quarter of 2021. Total revenues decreased 0.3%. EBITDA for the quarter amounted to $19.5 billion pesos, which represented 11.4% of total revenues, an increase of 2.2% over last year's levels.
Main figures are:
Results | 2021 | 2020 | Growth | ||||||||||||||
January - March | Million | % | Million | % | % | ||||||||||||
$MXN | $MXN | ||||||||||||||||
Net Sales | 169,334 | 169,957 | (0.4) | ||||||||||||||
Other Income | 1,423 | 1,377 | 3.3 | ||||||||||||||
Total Revenues | 170,757 | 100.0 | 171,334 | 100.0 | (0.3) | ||||||||||||
Cost of Sales | 130,977 | 76.7 | 132,270 | 77.2 | (1.0) | ||||||||||||
Gross Profit | 39,780 | 23.3 | 39,064 | 22.8 | 1.8 | ||||||||||||
General Expenses | 24,983 | 14.6 | 24,689 | 14.4 | 1.2 | ||||||||||||
Income before Other Income Net | 14,797 | 8.7 | 14,375 | 8.4 | 2.9 | ||||||||||||
Other Income (Expenses) - Net | 143 | 0.1 | 265 | 0.2 | (46.0) | ||||||||||||
Operating Income | 14,940 | 8.7 | 14,640 | 8.5 | 2.0 | ||||||||||||
Financial Income (Expenses) - Net | (1,677) | (1.0) | (1,610) | (0.9) | 4.1 | ||||||||||||
Taxes | 3,193 | 1.9 | 3,033 | 1.8 | 5.3 | ||||||||||||
Net Income | 10,070 | 5.9 | 9,997 | 5.8 | 0.7 | ||||||||||||
EBITDA | 19,475 | 11.4 | 19,050 | 11.1 | 2.2 | ||||||||||||
EPS (in pesos) | 0.577 | 0.573 | 0.7 | ||||||||||||||
EPS= Earnings per share |
This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.
April 27, 2021
1
Openings Q1 2021
Mexico: 20 units
- 19 Bodegas Aurrerá
-
1 Bodega Aurrerá o 6 Mi Bodegas
o 12 Bodegas Aurrerá Express
-
1 Bodega Aurrerá o 6 Mi Bodegas
- 1 Sam's Club
Central America: 4 units − 4 Discount Stores
Installed Capacity
Sales Area in m2 (March 31, 2021)
Format | Mexico | Central America | ||||||
Bodegas and Discount Stores | 2,937,205 | 483,519 | ||||||
Walmarts | 2,153,275 | 180,325 | ||||||
Sam's Clubs | 1,180,316 | |||||||
Supermarkets | 145,671 | 136,849 | ||||||
Walmart Express | 8,012 | |||||||
Total | 6,424,479 | 800,693 | ||||||
Other Events
Walmart de México y Centroamérica was recognized by Merca2.0 with the "Retail of the year" award, as one of the best brands in the category, because of the strategy and creativity that the company carried out in recent months to face the COVID pandemic.
For the fourth consecutive year, Walmart de México y Centroamérica was included in the "Bloomberg Gender Equity Index", being the only self-service retailer in Mexico included in the Index.
Walmart de México y Centroamérica was included in the Merca2.0 magazine ranking "eCommerce 2021", because the company understands the changing needs of its consumers in the "new normal" where the eCommerce has become necessary. Walmart.com.mx is in the third position and Sams.com.mx in the tenth position.
This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.
April 27, 2021
2
Conference Call
Walmart de México y Centroamérica will hold a webcast today at 3:30 PM (CT) regarding first quarter 2021 results. Access to the webcast is through:
- Investor Relations websitewww.walmex.mx
- Corporate YouTubehttps://www.youtube.com/user/WalmartMexicoyCam
- Corporate Websitewww.walmartmexico.com
The presentation and the transcript will be available both in English and in Spanish at our website.
Company Description
WALMEX is a Retail Sector company whose shares are traded in the Mexican Stock Exchange since
1977. As of March, 2021, it operated 3,513 units, broken down as follows:
2,654 | Mexico | 859 | Central America | ||
2,107 | Bodegas Aurrerá: | 567 | Discount Stores | ||
550 | Bodegas | 100 | Supermarkets | ||
412 | Mi Bodegas | 35 | Walmarts | ||
1,145 | Bodegas Express | 157 | Bodegas |
- Walmarts
- Sam's Clubs
- Superamas
- Walmart Express
Ticker Symbols
Mexican Stock Exchange: | Bloomberg: | Reuters: | ADR's sponsored program: | ||||||||
Walmex | Walmex* MM | Walmex.Mx | WMMVY | ||||||||
WMMVY US | WMMVY.Pk |
Websites
Investor Relations: www.walmex.mx
Corporate:www.walmartmexico.com
From the different formats:
www.walmart.com.mx www.sams.com.mx www.superama.com.mx www.bodegaaurrera.com.mx
Contact us
Investor Relations | Corporate Communication | ||||
Pilar de la Garza Fernández del Valle | Luis Carlos Herrerías | ||||
(52-55)5283-0289 | (52-55)1384-5876 | ||||
pilar.de@walmart.com | luis.herrerias@walmart.com | ||||
This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.
April 27, 2021
3
Appendix 1: | Quarterly Income Statement (millon pesos) | |||||||||||
Quarter I | ||||||||||||
2021 | 2020 | % | ||||||||||
$ | %Sales. | $ | % Sales. | Growth. | ||||||||
Net Sales | 169,334 | 169,957 | (0.4) | |||||||||
Other Revenues | 1,423 | 1,377 | 3.3 | |||||||||
Total Revenues | ||||||||||||
170,757 | 100.0 | 171,334 | 100.0 | (0.3) | ||||||||
Cost of Sales | 130,977 | 76.7 | 132,270 | 77.2 | (1.0) | |||||||
Gross Profit | ||||||||||||
39,780 | 23.3 | 39,064 | 22.8 | 1.8 | ||||||||
General Expenses | 24,983 | 14.6 | 24,689 | 14.4 | 1.2 | |||||||
Income before | other income | |||||||||||
(expenses) - Net | 14,797 | 8.7 | 14,375 | 8.4 | 2.9 | |||||||
Other Income (expenses) - Net | 143 | 0.1 | 265 | 0.2 | (46.0) | |||||||
Operating Income | ||||||||||||
14,940 | 8.7 | 14,640 | 8.5 | 2.0 | ||||||||
Financial Income (Expenses) - Net | (1,677) | (1.0) | (1,610) | (0.9) | 4.1 | |||||||
Income before taxes on profits | ||||||||||||
13,263 | 7.8 | 13,030 | 7.6 | 1.8 | ||||||||
Taxes on profits | 3,193 | 1.9 | 3,033 | 1.8 | 5.3 | |||||||
Net Income | ||||||||||||
10,070 | 5.9 | 9,997 | 5.8 | 0.7 | ||||||||
EBITDA | 19,475 | 11.4 | 19,050 | 11.1 | 2.2 | |||||||
Earnings per share (in pesos): | 0.577 | 0.573 | 0.7 | |||||||||
X=Times | ||||||||||||
This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.
April 27, 2021
4
WALMART DE MEXICO, S.A.B DE C.V. AND SUBSIDIARIES | |||||||
Consolidated Statements of Comprehensive Income | |||||||
(Amounts in thousands of Mexican pesos) | |||||||
Quarter ended | |||||||
March 31 | |||||||
2021 | 2020 | ||||||
Net sales | 169,334,315 | 169,957,112 | |||||
Other revenues | 1,422,485 | 1,376,705 | |||||
Total revenues | 170,756,800 | 171,333,817 | |||||
Cost of sales | (130,977,083) | (132,269,386) | |||||
Gross profit | 39,779,717 | 39,064,431 | |||||
General expenses | (24,982,769) | (24,689,305) | |||||
Income before other income and expenses | 14,796,948 | 14,375,126 | |||||
Other income | 229,568 | 326,625 | |||||
Other expenses | (86,453) | (61,492) | |||||
Operating Income | 14,940,063 | 14,640,259 | |||||
Financial income | 424,443 | 755,879 | |||||
Financial expenses | (2,100,979) | (2,365,835) | |||||
Income before income taxes | 13,263,527 | 13,030,303 | |||||
Income taxes | (3,193,279) | (3,032,753) | |||||
Consolidated net income | $ | 10,070,248 | $ | 9,997,550 | |||
Other comprehensive income items: | |||||||
Items that may be reclassified subsequently to profits or | |||||||
loss: | |||||||
Cumulative translation adjustment | 2,827,112 | 17,270,341 | |||||
Other comprehensive (loss) income items | 2,827,112 | 17,270,341 | |||||
Comprehensive income | $ | 12,897,360 | $ | 27,267,891 | |||
Basic earnings per share (in pesos) | $ | 0.577 | $ | 0.573 | |||
This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.
April 27, 2021
5
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Wal-Mart de Mexico SAB de CV published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 20:12:07 UTC.