Honduras news

18 February 2016
We review Walmart’s performance as it reports its fourth quarter and full year results. The headlines Walmart's total revenue fell by 1.4% in the fourth quarter to $129.7bn, with the performance impacted by foreign currency On a constant currency basis, total revenue increased by 2.2% Consolidated net income attributable to Walmart fell by 7.9% to $4.6bn For the full year, tota...
17 February 2016
Walmex has reported net sales growth of 11% for 2015, to MXN485.9bn (USD25.8bn) and an increase of 12.8% for Q4. Net profit was down 18% in Q4, hit by higher expenses. Planning for long-term competitiveness In his last call as CEO before Guilherme Loureiro takes over , Enrique Ostalé said 2015 was "a solid year" but also one of transition in terms of earnings growth. However, he hinted...
19 January 2016
In this update, we look at what happened at retailers across the region in the fourth quarter of 2015, including expansion, refocusing, and quarterly results. Expansion to continue in 2016 Soriana and La Comer agreed to the conditions imposed upon them by the competition authorities in Mexico, in relation to the acquisition of La Comer stores Falabella announced its 2016-19...
15 January 2016
Guilherme Loureiro will take over as president and CEO of Walmex as of 1 February 2016. He will be replaced in Brazil by Flávio Cotini. New roles are internal promotions Mr Loureiro will take over from Enrique Ostalé, who will continue as chairman of Walmex's board, and as president and CEO of Walmart Latinoamérica. Mr Loureiro, who has led Walmart's operations in Brazil since 2012, will...
17 November 2015
Walmart has reported an 11.4% decline in international sales (+3.2% at constant currency) for the third quarter. We look at its performance in key Latin American markets. Competitive and economic challenges affect Brazil The economic challenges in the market - high inflation and unemployment - are affecting consumer confidence and consumption, and having an impact on Walmart's performa...
02 November 2015
Latin American wholesaler PriceSmart has reported a 13% increase, year-on-year, in warehouse sales for Q4 fiscal 2015. Full year sales were up 11.3%. Ended Q4 with 37 clubs Sales in Central America were up 11.2% for Q4. A new club opened in Panama bringing the total to five; there are 20 in Central America as a whole. Fourth quarter sales increased 6.2% in the Caribbean region where Pr...