Wal-Mart de Mexico SAB de CV earnings date
Wal-Mart de Mexico SAB de CV (4GNB) Q3 2026 Earnings Report
DE:4GNB Q3 2026 EPS Results
- Actual EPS
- EUR 0.03
- Consensus EPS
- EUR 0.03
- Beat/Miss
- Missed by -EUR 0.00
- One Year Ago EPS
- EUR 0.03
DE:4GNB Q3 2026 Revenue Results
- Actual Revenue
- EUR 12.18B
- Expected Revenue
- EUR 12.22B
- Beat/Miss
- Missed by -EUR 45.46M
- YoY Revenue Growth
- +3.03%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/27/2026
- Time
- TBA
- Conference Call
- Tuesday, October 27, 2026
Wal-Mart de Mexico SAB de CV's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was cautiously optimistic. Management highlighted improving price perception, double-digit growth in commerce solutions and Walmart Connect, productivity initiatives, format integration, and broad assortment and digital investments. These positives were tempered by rising labor and operating costs, cautious consumers, discretionary general-merchandise weakness, regional competition, foreign-exchange pressure, and uncertainty around tax reform. The number and breadth of stated initiatives and positive operating trends outweighed the challenges.
Walmex expects to growth minimum wages next year around 12% and will face the labor reform moving from 48-40 hours, beginning next year to 46; it has a clear roadmap to deploy DSL in around more than 200 or 300 more stores in the first half of 2027, expects commerce solutions to continue to accelerate even further from a year-to-date number around 20%, and says its GP should be stable. The company expects to finish the assortment transformation for each format for total 2027, with 55 categories representing almost 35% of sales deployed in Q1 next year and another 120 categories representing another 35% implemented in Q2 and Q3; end of 2027, it should have finished with all of the categories. Walmart Express delivery can be 30-40 minutes faster, its assortment pilot will expand to more than 400 stores in the upcoming three or four weeks, close to 80% of store sales are local, and full-year effective tax rate is expected to be at or below last year's effective tax rate.
- Productivity and Automation InitiativesWalmex completed the rollout of digital shelf labeling in more than 100 Walmart Express stores and has a roadmap for approximately 200 to 300 additional stores in the first half of 2027. The company is also advancing smart receiving, days-on-hand inventory initiatives, in-store inventory technology, supply-chain improvements, and automation at a new Bajío distribution center expected to open next year.
- Bodega Aurrerá Availability and Inventory ImprovementsBodega Aurrerá achieved total availability more than 400 basis points above last year while reducing days on hand by 1.4 days, enabling the company to reinvest in price.
- Positive Fresh-Food TrendsBodega Aurrerá reported more than 10 weeks of very good fresh-food volume results and had begun seeing very good dollar results in fresh during the prior weeks. Management said October was expected to be a very good month.
- Bodega Aurrerá Assortment and Format TransformationThe company is rebuilding Bodega Aurrerá's assortment architecture, specializing merchants by format, increasing private-label penetration, and completing the One Hallway conversion. Management expects the conversion to apply learnings from Supercenter and help capitalize on traffic from OPD and digital business.
- Price Investment and Customer Value CampaignThe Precios que no se tocan campaign covered more than 4,000 items with prices fixed for more than 90 days. Management said the campaign had a huge impact on sales and generated a strong customer reaction, and the campaign remained active in stores for the Buen Fin, Christmas, and Reyes periods.
- Commerce Solutions GrowthCommerce solutions were growing at around 20% year to date. Management expects further acceleration as the company expands retail and grows its marketplace.
- Gross Margin Stability FocusDespite continued investment in price, management said gross profit should be stable and cited strong supplier relationships and supplier-networking efforts to help customers find lower prices. Assortment architecture and improved days on hand were also described as supporting margin-mix rebalancing and reinvestment in price.
- Global Sourcing and Technology LeverageWalmex plans to continue leveraging Walmart's global suppliers, global negotiations, existing technology platforms, and productivity initiatives. Management said these platforms can reduce implementation costs and provide benefits across different levels of the P&L.
- Walmart Connect Maintains Double-Digit GrowthAlthough quarterly trends normalized after strong first-half football-related investment, Walmart Connect remained above a 20% comparable growth rate year to date and was 200 basis points better than last year. Management also said it has significant plans for the business next year.
- Strong North and South Regional PerformanceManagement reported good performance in northern Mexico and said the South was going well. All regions were growing, although performance differed by region, and Walmex was testing stores of the future in Monterrey across Bodega, Supercenter, and Sam's Club.
- Assortment Program Has Broad CoverageWalmex has released 55 categories under its new assortment strategy, representing almost 35% of sales in each format, with deployment planned for the first quarter of next year. Another 120 categories, representing another 35% of sales, are scheduled to begin implementation in the second and third quarters. The company expects to finish the transformation across formats by the end of 2027.
- Integrated Walmart and Walmart Express NetworkWalmart Express is being integrated as a subset of Walmart Supercenter, with aligned assortment and synchronized pricing. Management said the integrated network can improve fulfillment speed, with deliveries from a closer Bodega Aurrerá Express store potentially arriving 30 to 40 minutes faster than deliveries from a Walmart Supercenter.
- Expansion of Walmart Express PilotThe company is changing the Walmart Express assortment and plans to expand its pilot test to more than 400 stores in the upcoming three or four weeks.
- Improving Price Perception and Ticket MixPrice perception improved by more than 200 basis points on average by 260 basis points each quarter, supported by assortment, marketing campaigns, format choices, and private brands. Ticket was increasing due to mix, while digital business was achieving a better ticket with general merchandise and high-velocity food items.
- Localized Assortment and Sourcing PositionClose to 80% of the assortment sold in stores is local, which management said places the company in a good position to offset pressure from imported merchandise. The company also sees additional upside from global sourcing capabilities.
- Capital Allocation PrioritiesAs it evaluates Mexico's proposed tax reform, management said it intends to prioritize customer value, price, digital growth, and store expansion in food space.
- Full-Year Tax Rate OutlookAlthough the quarterly tax rate was north of 30% due primarily to adjustments related to finalizing prior-year tax calculations, management continued to expect the full-year effective tax rate to be at or below last year's effective tax rate.
DE:4GNB Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 17, 2027 | 2026 (Q4) | 0.04- | 0.04 | ― | ― |
| Oct 27, 2026 | 2026 (Q3) | 0.030.03 | 0.03 | -5.88% (-0.00) | |
| Jul 22, 2026 | 2026 (Q2) | 0.030.03 | 0.03 | 0.47% (+0.00) | |
| Apr 28, 2026 | 2026 (Q1) | 0.030.04 | 0.03 | 1.83% (+0.00) | |
| Feb 18, 2026 | 2025 (Q4) | 0.040.04 | 0.04 | -3.45% (-0.00) | |
| Oct 22, 2025 | 2025 (Q3) | 0.040.03 | 0.04 | -8.23% (-0.00) | |
| Jul 16, 2025 | 2025 (Q2) | 0.040.03 | 0.04 | -10.04% (-0.00) | |
| Apr 29, 2025 | 2025 (Q1) | 0.040.03 | 0.04 | -6.08% (-0.00) | |
| Feb 13, 2025 | 2024 (Q4) | 0.050.04 | 0.04 | 1.16% (+0.00) | |
| Oct 23, 2024 | 2024 (Q3) | 0.040.04 | 0.04 | -5.00% (-0.00) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
