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Mexico's Alsea posts surprise quarterly profit, defying expectations


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MEXICO CITY, July 28 (Reuters) - Mexican restaurant operator
Alsea on Wednesday reported a net profit in the second quarter,
beating the expectations of analysts who estimated the company
would be in the red while struggling to compensate for pandemic
shutdowns.
The company, which operates franchises of
Starbucks, Domino s Pizza and Burger King in
various countries worldwide, posted net profit of 139 million
pesos ($6.97 million), marking a rebound from a 2.6 billion peso
loss a year before.
Chief Executive Alberto Torrado attributed the boost to
fewer pandemic lockdowns and sales that grew during the quarter,
including a 20% jump in delivery orders. ....

Mexico City , Distrito Federal , Alberto Torrado , Drazen Jorgic , Noe Torres , Matthew Lewis , Burger King , Domino Pizza , Executive Alberto Torrado , Walmart De Mexico , Daina Beth Solomon , Mexico City Editing , மெக்ஸிகோ நகரம் , திஸ்திரிதோ கூட்டாட்சியின் , இல்லை டோரஸ் , மேத்யூ லெவிஸ் , பர்கர் கிங் , டோமினோ பீஸ்ஸா , வால்மார்ட் டி மெக்ஸிகோ , தைநா பெத் சாலமன் , மெக்ஸிகோ நகரம் திருத்துதல் ,

UPDATE 1-Walmart's Mexico unit revenue grows 3.3%; store openings rise


By Reuters Staff
(Adds quotes, details)
MEXICO CITY, July 22 (Reuters) - Walmart’s Mexico unit on Thursday said revenue grew 3.3% in the second quarter as it revved up store openings again after the pandemic slowed brick-and-mortar expansion.
Walmart de Mexico, the biggest retailer in Mexico, brought in revenue of 174.7 billion pesos ($8.8 billion) in the period.
It also posted net profit of 9.8 billion pesos ($491.3 million), far outpacing the year-earlier period’s 1.7 billion pesos, when a major tax charge in Mexico offset a shopping spike due to coronavirus stay-at-home measures.
Walmart de Mexico, also known as Walmex, opened 25 new stores from April to June compared with just 12 a year before. ....

Cynthia Osterman , Noe Torres , Milton Brandt , Guilherme Loureiro , Paolo Garcia , Thomson Reuters Trust Principles , Executive Guilherme Loureiro , Walmart De Mexico , Chief Financial Officer Milton , June Reporting , Daina Beth Solomon , Thomson Reuters Trust , சிந்தியா ஒஸ்டேர்மன் , இல்லை டோரஸ் , மில்டன் பிராண்ட் , கில்ஹெர்ம் லூரிரோ , பாவ்லோ கார்சியா , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , நிர்வாகி கில்ஹெர்ம் லூரிரோ , வால்மார்ட் டி மெக்ஸிகோ , ஜூன் புகாரளித்தல் , தைநா பெத் சாலமன் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Active Broker's Choice in Focus: Wal-Mart Stores (NYSE:WMT), Terex Corporation (NYSE:TEX)


Wal-Mart Stores, Inc. (NYSE:WMT) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.31% to $68.66. Mexico’s biggest retailer, Wal-Mart de Mexico, declared a 23 percent rise in fourth-quarter net profit on Wednesday. Wal-Mart de Mexico posted a net profit of 10.4 billion pesos ($504 million) in the period, up from 8.47 billion pesos in the year-earlier period. The share price of WMT attracts active investors, as stock price of week volatility recorded 1.55%. The stock is going forward to its 52-week low with 13.32% and lagging behind from its 52-week high price with -8.03%.
Mexico’s biggest retailer, Wal-Mart de Mexico, declared a 23 percent increase in fourth-quarter net profit on Wednesday, helped by strong sales. ....

Terex Corporation , Wal Mart Stores Inc , Wal Mart Stores , Walmart De Mexico , டெரெக்ஸ் நிறுவனம் , வால் மார்ட் கடைகள் இன்க் , வால் மார்ட் கடைகள் , வால்மார்ட் டி மெக்ஸிகோ ,