Walmart reported ‘better-than-expected’ results in sales, operating income and adjusted EPS in the second quarter. Off the back of this, it has increased its full-year guidance. Here we delve into those numbers and explore the latest updates to its strategy.   Key numbers Q4 total revenue increased by 5.7% to $161.6 bn Sales in US stores grew by 5.4% (net), with Sam’s Club up 5.3% (...

Juliana Bonamin, Vice President of Sales at Mondelez Brasil, has outlined what the company is doing with regards to ESG in Brazil, while SMU has launched a new version of a campaign that it has run previously in 2020 and 2022 to support non-profit social organisations. Mondelez Brasil is prioritising ESG principles Juliana Bonamin states that the “ sustainable development mentality runs thr...

Q2 2023 results have been posted for Walmart, Casino Group, Carrefour and Chedraui. A sales rise in June boosted Walmart Mexico’s Q2 net profit Walmart in Mexico and Central America reported a net profit of $668mn in Q2 2023, +5% year-on-year (YoY), boosted by slightly higher sales in June. Despite growth, earnings were slightly behind those forecasted. Same-store sales increased 8.5% in Me...