LatinNews Daily - 19 February 2026

*Walmex, the Mexican branch of the US supermarket giant Walmart, has announced its Q4 2025 results which show that net profits for the last quarter of 2025 were M$14.60bn (US$846.4m), down 3.9% on the same quarter in 2024. Total revenue for the quarter was M$282.85bn, up 3.0% on the same quarter in 2024. Walmex’s chief financial officer Paulo García attributed the decline in profit to a higher effective tax rate following year-end adjustments “to reflect inflation impact on our net balance sheet position”.  García said “effective tax rate is always subject to changes in laws and regulations but we forecast ETR to be between 25% and 26% for 2026”. In 2025 overall, Walmex’s revenue totalled M$1.01tn, up 5.5% on 2024, while profits totalled M$49.89bn, down 7.3% on 2024. García said that the year-end revenue figure was “below our sales guidance, reflecting a softer consumption environment than anticipated at the beginning of the year”. He also noted that last year Walmex “opened 186 stores across Mexico and Central America, representing an acceleration versus last year and a record year since 2013”, bringing its total number of stores to 4,265.