Honduras news

28 October 2015
Walmex's chief financial officer Pedro Farah said the third quarter was "solid, with strong top line growth."  Net sales were up 7.9% at constant currency (+11.6% year-on-year in peso terms). Resilient economy helps boost Mexico Total sales up were 8.2% in Q3, amid a resilient economy and consumption levels. Walmex's comparable store sales continue their strong performance from previous...
20 October 2015
In this update, we look at what's been happening at retailers across the region in the third quarter of 2015, including expansion, restructuring, loyalty scheme developments and in-store activity with suppliers. Mixed results, with Brazil proving a tough market Carrefour said its increasingly multi-format strategy in Brazil drives positive growth, with like-for-like sales up 7.4% i...
28 September 2015
PriceSmart reported a 13% increase in net warehouse club sales for the third quarter of fiscal 2015, and 10.8% growth for the nine month period.   We look at three reasons why PriceSmart is one to watch in Latin America. 1. Country coverage and expansion plans PriceSmart is the largest warehouse club operator in Central America and the Caribbean. At the end of Q3, it had 36 clubs acros...
18 August 2015
We review Walmart’s latest quarterly results as it reaches the halfway point in its financial year. Walmart’s total revenue increased by 0.1% to $120.2bn in the second quarter, with net sales in its US stores and Sam’s Club (ex-fuel) increasing by 4.8% and 2.8% respectively. International sales were down 9.6%, impacted by foreign currency (up 2.8% on a constant currency basis). Consolidated ne...
18 August 2015
As Walmart reports a 9.6% fall in international sales for the second quarter of fiscal 2016, impacted by foreign currency effects, we look at its performance in key Latin American markets. Mexico: sales growth remains strong Sales in Mexico grew by 7.4%, with comparable store sales up 5.4%, as part of consolidated Walmex net sales growth across Central America of 7.2%. These improvements ...
22 July 2015
Chief executive Enrique Ostalé has hailed Walmex's second quarter performance, in which net sales for April to June rose by 9.9%, as encouraging. Internally, the turnaround at Sam's Club, and continued strength of self-service formats in Mexico and Central America, are driving good sales, alongside external factors like the impact of this year's election.   Sales trends allowing for invest...