Walmex, the Walmart unit operating in Mexico and Central America, said its net profit for the fourth quarter slipped 3.9% year-on-year, coming in at 14.60 billion pesos for the final three months of 2025. That result fell short of the 16.68 billion pesos analysts surveyed by LSEG had expected.
Revenue in the quarter increased by 3% to 282.85 billion pesos, but that figure also underperformed relative to market forecasts of 287.37 billion pesos. The company reported declines in results across its Central American operations in nominal terms, although performance there rose when adjusted for foreign-exchange movements.
Walmex noted a notable strengthening of the Mexican peso against the U.S. dollar during the period. The peso appreciated 13.8% versus the dollar over the 12 months ending in December, and climbed just over 1.5% in the final quarter alone. Management said those moves reduced the peso value of earnings generated outside Mexico.
In comments included with the earnings release, CEO Cristian Barrientos emphasized the firm will sustain a focus on competitive pricing, maintaining product availability and accelerating its e-commerce initiatives. "We know what we have to do, we have clear priorities and we will accelerate the speed at which we are moving," he said in the earnings report.
During the quarter Walmex expanded its store network by opening 102 new locations in Mexico - mostly under the discount Bodega Aurrera banner - and 13 new outlets in Central America. These additions raised the companys total store count to 4,265.
The company also disclosed the exchange rate used at the end of December: one U.S. dollar equaled 18.0080 Mexican pesos.
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Clear summary
Walmex posted a modest decline in fourth-quarter net profit and missed revenue and profit forecasts as currency effects reduced the peso value of foreign earnings. Management reiterated priorities around low pricing, product availability and faster e-commerce growth while adding new stores to its network.