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Walmex sales grow 7.8% YOY in August

Wal-Mart de México SAB de CV's consolidated sales in August grew 7.8% year over year to 48.89 billion Mexican pesos, according to a Sept. 6 release.

The Mexican subsidiary of U.S. retail giant Walmart Inc. said total sales in Mexico jumped 7.5% year over year to 40.08 billion pesos from 37.3 billion pesos in the year-ago period. Comparable store sales were up 5.9%.

In Central America, Walmex's total sales during the month climbed 9.2% year over year to 8.81 billion pesos, compared with 8.07 billion pesos in August 2017. In constant currency terms, comparable store sales in the region rose 1.6%.

The retailer opened seven new units in Mexico and four in Central America in August, while it added one outlet each in Mexico and Central America in September.

As of Sept. 5, US$1 was equivalent to 19.48 Mexican pesos.