Walmart delivered a strong Q3 sales performance, setting it up for the holiday trading period. We look at the factors driving its results and expectations going forward. Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 8.7% to $152.8 bn, representing an additional $12.3 bn year-on-year Sales in its US stores increased by 8.5%, with Sam’s Club up 12.8% US ecommerc...

Grupo Nós, a joint venture between the Brazilian company Raízen and the Mexican business FEMSA Comercio, is rapidly expanding the OXXO convenience store chain in Brazil. The first store opened in the city of Campinas (São Paulo state) and as of July 2022, it had 124 units in operation. The OXXO convenience chain was launched in Mexico by FEMSA in 1978 and it has since accumulated 20,196 st...

Last month, Walmart announced it had lowered its projected sales for Q2 and the rest of 2022 . Net sales were expected to be up by around 7.5% for the quarter, with US comp store sales expected to be up around 6%, but itsQ2 results surpassed its expectations. However, its gross profit continues to face pressure from higher-than-usual levels of mark down activity, which it has employed to cl...