Wal-Mart De Mex V S/Adr (WMMVY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. I'm Salvador Villaseñor, in charge of investor relations at Womex. Thank you for joining us to review the results for the first quarter of 2025. Today with me is Ignacio Caride, President and Chief Executive Officer of Walmart de México y Centroamérica. Raul Quintana, our Chief Omnichannel Operating Officer, and Paulo Garcia, our Chief Financial Officer. The date of this webcast is April 29, 2025. Today's webcast is being recorded and will be available at www.walmex.mx. Before we start, let me remind you that the content of this webcast is property of Walmart de Mexico S.A.B.S.B. and is intended for the use of the company's shareholders and investment community. It should not be reproduced in any way. This webcast may contain certain references concerning Walmart de Mexico SABDCV's future performance that should be considered as good faith estimates made by the company. These references only reflect management's expectations and are based upon currently available data. Actual results are always subject to future events, risks, and uncertainties, which could materially impact the company's actual performance. Now, it is my pleasure to turn over the webcast to our CEO, Ignacio Caribe. Thanks, Salvador, and good afternoon, everyone. I am happy to be here with you again after a warm next day. Once again, let me begin by thanking our associates for the amazing job they do. Our purpose of helping people save money and live better is brought to life by their consistent, strong performance on a daily basis. As we have mentioned before, Q1 was a tough quarter due to the current macro conditions and a strong comparative base with calendar effects such as the leap year and Easter shifting to Q2 in 2025, as well as a significant government stimulus deployed durin...