Thursday, March 4, 2021

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Walmart reports year-on-year profits drop

Friday, February 14, 2020

Walmart de Mexico, the largest retailer in Mexico and Central America, reported fourth quarter net profit of $595 million, a 4.5 percent drop over the same period last year.

Analysts had anticipated weaker profit due to increased costs in Central America for intellectual property royalty payments to parent company Walmart Inc, Reuters reports.