Wal-Mart de Mexico Profit Rises 10% in Third Quarter
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Wal-Mart de Mexico SAB, Latin America’s largest retailer, said third-quarter profit rose 10 percent, missing analyst forecasts as higher service costs and flooding curbed its gains.
Net income increased to 4.25 billion pesos ($340 million), from 3.86 billion pesos a year earlier, the company said today in a statement to Mexico’s stock exchange. Sales rose 27 percent to 82.3 billion pesos.