Walmart unit cuts 2026 sales growth guidance to 3.5%-4.5%

Walmart subsidiary Walmart de México y Centroamérica adjusted its 2026 growth guidance on 16 September 2026 due to a slower recovery in consumer demand. The unit now projects net sales growth between 3.5% and 4.5% in constant currency for 2026, alongside an EBITDA margin slightly below the level recorded in 2025.

During the second quarter of 2026, consolidated revenue rose 1.9% to MXN 250,948 million, or 3.2% in constant currency, with new stores adding 1.6 percentage points. Consolidated EBITDA reached MXN 23,641 million, up 0.6%, with an EBITDA margin of 9.4% after a 10 basis point drop. Operating income declined 1.4% to MXN 17,020 million, while net income fell 0.7% to MXN 11,152 million, bringing the net margin to 4.4%.

For the first half of 2026, consolidated revenue reached MXN 495,966 million, up 1.8% in reported terms and 3.6% in constant currency, while net income increased 0.5% to MXN 23,652 million. In Mexico, quarterly revenue grew 3.1% to MXN 209,188 million, with same-store sales up 1.8%, beating ANTAD self-service and club peers by 180 basis points. The average ticket rose 2.9%, but transaction volumes dropped 1.1%.

Sam's Club led performance with double-digit new member growth and increased Plus upgrades, helped by seasonal Hot Sale demand and World Cup merchandise. In contrast, Bodega Aurrera trailed expectations due to reduced traffic in central Mexico, despite double-digit growth in its Morralla campaign. To adapt to cautious shoppers, the company widened the price gap for private labels by 10%, allocated up to 25% of shelf space to private brands, extended Rollbacks to 90 days, and plans 10 flagship modulars this year.