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Walmex sales grow 7.7% YOY in August

Wal-Mart de México SAB de CV, or Walmex, on Sept. 5 said total consolidated sales for the month of August grew 7.7% year over year to 52.68 billion Mexican pesos.

The Mexican unit of U.S. grocer chain Walmart Inc. said total sales in Mexico rose 7.4% year over year to 43.03 billion pesos during the month, while Central American sales jumped 9.4% year over year to 9.64 billion pesos.

Comparable store sales in Mexico and Central America increased by 6.1% and 3.1%, respectively, on a constant currency basis.

Walmex opened 13 new stores in August, with eight of them located in Mexico and five in Central America. It also opened three new stores in Mexico in September.

As of Sept. 5, US$1 was equivalent to 19.69 Mexican pesos.