Our Business

MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS AND FROM THE PRESIDENT AND CHIEF EXECUTIVE OFFICER

We would like to begin this message with a sincere thank you to our associates, customers, suppliers and other stakeholders. Once again, in 2022 we proved that TOGETHER we are stronger: we continued to serve our customers and members, and our purpose of helping people save money so they can live better mattered more than ever. This was, without a doubt, a good year for us.

Relevant Figures

WIN IN DISCOUNT

100 bps
self-service price gap
expansion in Mexico

80 bps
increase in Private Brands penetration in Mexico

260 bps
increase in Private Brands penetration in Sam’s Club

200 bps
increase in Private Brands penetration in total self-service in Central America

LEAD IN OMNICHANNEL

17%
eCommerce sales
growth in Mexico

19%
GMV growth Mexico

~1,000
On Demand stores in Mexico

72%
increased the number of SKUs (Stock Keeping Unit) in Extended Assortment

Ecosystem of Choice

5.6 million
Active Bait users

5.4 million
Cashi users

1 million
customers collect remittances through our network

+4,500
Omnichannel campaigns
in Walmart Connect

Enablers

6 million
customers shop in our
stores every day
5 million in Mexico
1 million in Central America

+1.5 billion
pesos saved in Mexico through Smart Spending project

32
distribution centers
21 in Mexico
11 in Central America

233,594
Associates
196,572 in Mexico
37,022 in Central America

Financial

819.2 billion
pesos consolidated revenue
11.3% growth

11.0%
consolidated net income growth

79.8 billion
pesos cash generation
9.6% growth

20.2%
Return on Invested Capital (ROIC)

OPPORTUNITY

40,887
suppliers in the region in Mexico and Central America

83.49%
of goods sold in Central America are purchased in the region 89.12% in Mexico

27,773
associates promoted, 55% were women in Mexico and Central America

6,313
jobs created in Mexico and Central America

SUSTAINABILITY

77.37%
progress in our zero waste goal in Mexico and Central America

475.37
tons of virgin plastic eliminated in 2022, in Mexico

100%
of canned tuna with
MSC certification in Mexico

54.57%
of total electricity
consumption comes from renewable energy in Mexico and Central America

COMMUNITY

2,491 million
pesos channeled to social impact programs in Mexico and Central America

1,956,925
beneficiaries in Mexico and Central America

38,547.54
tons of food donated in Mexico and Central America

117
foodbanks supported in Mexico and Central America

ETHICS AND INTEGRITY

-7.31%
reduction of associates
accidents in Mexico and Central America

21,051
hours of training on our Code of Conduct in Mexico and Central America

36%
of the Members of the Board are women

45%
of the Members of the Board are independent

DOWNLOAD OUR 2022 RELEVANT FIGURES



OUR
STRATEGY

Strategic priorities and enablers that accelerate growth

STRATEGIC PRIORITIES

STRATEGIC
PRIORITIES

LEAD IN
OMNICHANNEL

ECOSYSTEM
OF CHOICE

habilitadores

CUSTOMER
CENTRICITY

SUPPLY
CHAIN

TECHNOLOGY
‍

BEST
TALENT

Regeneration and Trust

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

Every Day
Low Prices

flywheel

Our core business, the stores, is strong and is fueling the ecosystem, while the new businesses we create drive customer loyalty and reinforce the core business so that it grows, strengthens and remains resilient.

Our strategy is summarized by this flywheel of capabilities and assets that mutually reinforce each other

Our flywheel places
the customer at the center

REGENERATIVE COMPANY

Doug McMillon

President and CEO of Walmart Inc.

In 2020, we made public
our ambition to become
a Regenerative Company

“I am committing Walmart to become a Regenerative Company, one dedicated to placing nature and humanity at the center of our business practices

Regenerating means restoring, renewing and replenishing in addition to conserving. It means decarbonizing operations and eliminating waste along the product chain. It means adopting regenerative practices in agriculture, forest management and fisheries while advancing prosperity and equity for customers, associates and people who participate in our product supply chains. And, working with our suppliers, customers, NGOs and others, we hope to play a part in transforming the world’s supply chains to be regenerative.”

If you want to learn more about how we
implement the Regenerative Company
strategy click here



Regenerative Company Pillars

We are aware of our commitment to society and the planet. Becoming a Regenerative Company is the most solid path to take actions to maintain, restore, conserve and regenerate the well-being of nature and humanity. Therefore, during 2022 we continued with our ambition to become a Regenerative Company by 2040, placing nature and humanity at the center of our decisions through our four pillars: opportunity, sustainability, community, and ethics and integrity.

ETHICS AND INTEGRITY

Our operating model is based on transparency and integrity in everything we do to maintain stakeholder trust.

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

OPPORTUNITY

We develop opportunities for our associates and suppliers, in order to contribute to improve their quality of life.

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

COMMUNITY

We create value in the communities where we operate through programs that help them thrive, providing access to products and services at the lowest, safest, and highest quality prices.

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

SUSTAINABILITY

We work on three environmental priorities: Climate Change, Circular Economy and Natural Capital to design strategies that translate into concrete actions to conserve and recover our ecosystems and natural resources.

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

We are aware of our commitment
we have with society and with the planet
ociety and with the planet

Our Business

MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS AND FROM THE PRESIDENT AND CHIEF EXECUTIVE OFFICER

Relevant Figures

OURSTRATEGY

flywheel

REGENERATIVE COMPANY

OUR
STRATEGY