The total revenues of the Walmart supermarket chain grew 4.6% to 151 billion 734 million pesos, impacted by lower growth in net sales due to the shortage of gasoline at the beginning of the year, reductions and delays in the importation of clothing.
Net sales at Walmart stores increased 4.6% and the other income item increased 8.9%. According to Olga González, Director of Administration and Finance of Walmart de México y Centroamérica, the consolidated results were favorable, considering the challenging macroeconomic conditions and the difficult base of comparison, since in 2018 Holy Week fell in March and this year in April.
Guilherme Loureiro, executive president and general manager of Walmart de México y Centroamérica, explained in a conference call that the quarter continued to perform well in the sales of electronics and groceries, but it was the clothing segment that recorded a drop in sales due to to the delay in the delivery of merchandise derived from the commercial problems at the border.
In the digital part, sales had a solid performance. Electronic commerce accounted for 1.1% of sales and contributed 0.4% to the growth of the same, said the executive.
More Walmart stores
In the period, the company opened 12 new stores. Of the openings, nine were in Mexico, eight under Bodega formats and one Walmart. The rest were openings in Central America, two of them wineries and one supermarket.
With the above, at the end of March, Walmart registered 3 thousand 259 commercial units with a sales floor area of 6.2 million square meters in Mexico and 755 thousand 963 square meters in Central America.
What about others
Grupo Carso reported an increase of 6% in its sales during the first quarter of 2019, compared to the same period of the previous year, driven mainly by the dynamism of its constructor arm and infrastructure, Cicsa. The sales of Carso Infraestructura y Construcción (Cicsa) amounted to 23.3%, equivalent to 4,130 million pesos. This also explains the net profit of the controller, which was 35.3%, going from 268 thousand thousand thousand thousand thousand thousand thousand pesos to one thousand 715 million pesos.
Cemex reported that its cash flow for the first quarter of 2019 decreased by 3%, in comparable terms, compared to the same period of 2018, to 562 million dollars. Operating margin during the quarter decreased to 17.4%, from 17.9% in the same period of the previous year, he added in his earnings report. Also, the cement company said its consolidated net sales were 3 thousand 238 million dollars, showing an increase of 1% compared to the first quarter of 2018.
Due to higher sales, mainly driven by its markets abroad, the operating flow of Grupo Maseca (Gruma) reached 2 thousand 871 million pesos in the first quarter of the year, which represented an increase of 7 percent. Its sales volume rose 1%, but its net amount rose 6% per year, to 18 thousand 579 million pesos. The margin of the flow on sales also improved, resulting from 15.5%, from 15.4% of the previous year. But the majority net profit was of thousand 29 million dollars, a drop of 20% with respect to the one registered from January to March of 2018.
Amazon obtained 3,600 million dollars in profits during the first quarter of 2019, which doubled the 1,600 million of the same period last year. With this result, the company of Jeff Bezos added its sixth consecutive quarter in which its earnings exceed one billion dollars. According to the company's results, first-quarter earnings were due to rising demand for its cloud and advertising services. Regarding advertising services, generated 2,700 million in revenue for the quarter ..