Wal-Mart De Mex V S/Adr (WMMVY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. I'm Salado Villaseñor, Head of Investor Relations at Wal-Mart. And I want to thank you for joining once again to our last Q&A session following our first quarter of the 2026 earnings release, which was published yesterday. We'll make every effort to answer as many questions as we can in the 45 minutes we have scheduled for the call. As always, we kindly ask you to limit yourself to one question only as accredited lawyers. Joining me today is Cristian Barrientos Pozo, our President and CEO, Tatiana Kvajal-Praiseka, our Senior Vice President of SAMS Club, and Paulo Garcia, our Chief Financial Officer. We'll now go right away to the first question. We will now start the Q&A session. If you have a question, please press the question button in the browser. Please make sure you are not in full screen mode to see the button. The first question is from Mr. Alejandro Fuge from Itaú BBA. Please go ahead. Thank you for the questions. I only have one quick one regarding Bodega. This quarter we saw, you know, semester sales being a little below the market, and I know you're making a lot of changes at Bodega that you have mentioned in the past, right, through SKUs and so on. I wanted to see maybe if you could elaborate a little bit more when you do think that we should start seeing this going through the P&L. with better top-line dynamics, and maybe if there was any effect that is worth mentioning for the semester sales at Bodega this quarter that you could highlight. Thank you. Thank you, Alejandro, for the question, and for sure we're not happy with the result of Bodega in the first quarter. We began the year with a... not a good position in terms of inventory and also in availability in the format, particularly in Bodega, and was very painful at the begi...