Walmart de México y Centroamérica will invest 43 billion pesos this year, representing a 10% annual increase. During Walmex Day, company executives detailed that 26% of the investment will be allocated to building over 1,500 new stores and clubs between 2026 and 2029. For the current year, new stores are expected to contribute 1.5 to 1.7 percent to the growth of total sales. Additionally, the main vehicle for growth will continue to be Bodega Aurrera. Meanwhile, 42% of the resources will be spent on remodeling and maintaining existing stores to incorporate new omnichannel capabilities, expand reach through On Demand, increase productivity, and ensure the best shopping experience for customers. Furthermore, 24% of the investment will focus on expanding and modernizing the company's supply chain through automation to increase growth capacity, product availability, efficiency, and reduce the cost of serving our customers. Walmart revealed that in 2027, it will open two new automated Distribution Centers (CEDIS) in Guanajuato and Tlaxcala. The remaining 8% of the investment will be allocated to strategic technology projects to improve execution and data management, as well as to continue scaling the business, offering a better shopping experience through its digital platforms, and increasing automation in stores and distribution centers, boosting the productivity of its associates. In the financial realm, the Board of Administration will present at the Annual General Shareholders' Meeting, scheduled for next April 20, a proposal for the payment of a regular cash dividend of 1.16 pesos per share. This payment would be made in two installments of 0.58 pesos during November and December.
Walmart Invests 43 Billion Pesos in Mexican Business Growth
Walmart's Mexican division announced a major 43 billion peso investment for 2024. Funds will be used to open new stores, remodel existing ones, and develop supply chains and technology. The company also plans to pay dividends to shareholders.