WalMart de Mexico (WMMVY) is well positioned to outperform the market, as it exhibits above-average growth in financials.
WalMart de Mexico (WMMVY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in first-quarter net profit on Wednesday, fueled by strong sales across its markets which it attributed partly to Mexicans' larger disposable income. Walmart de Mexico, the country's largest retailer, posted a net profit of 13.18 billion pesos ($797.5 million), above the average forecast of 12.93 billion pesos seen by analysts polled by LSEG.