MEXICO CITY (Reuters) -Shares in Walmart’s Mexico and Central America unit, known as Walmex, slid 6% on Thursday morning, wiping off 60.9 billion pesos ($3.25 billion) from the firm’s market capitalization after posting weaker-than-expected margins.
Walmex on Wednesday posted an earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 9.5%, 81 basis points below the year-ago quarter and the lowest since the same quarter in 2020.
($1 = 18.7527 Mexican pesos)
(Reporting by Kylie Madry and Aida Pelaez-Fernandez; Editing by Brendan O’Boyle)
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