Friday, May 20, 2016

Walmart''s sales in Brazil rose by 4.5% in the first quarter

Walmart announced yesterday the brazilian operation''s balance sheet in the first quarter. About a year ago, same store sales-who consider open units for more than a year grew 4.5%.
The numbers do not consider foreign exchange impacts on revenue in reais to the dollar. The retailer said that drop in traffic (2.7%) was compensated by a growth in average ticket purchases, which rose 8.2%. Walmart closed 60 stores in Brazil in the period. With this, the total net revenue grew below the level of sales indicator same stores, ending the period at high of 1.4%. To analysts, the financial director Brett Biggs stated that the direction of the company in Brazil "is taking right decisions despite the economic challenges." He considered positive the result of sales for the quarter.
DCI - 20/05/2016
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