Walmart Mexico reports lower gross margin, increased profit — Reuters

Keeping prices low ate into Walmart Mexico’s Q4 2022 margins but the retailer still saw increased profits over last year:

Profit for the quarter stood at 14.82 billion pesos ($759.65 million), while revenue hit 237.82 billion pesos, up 11% from the 2021 October-December period, and slightly above bank analysts’ average forecast of 237.6 billion.

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