Mexico Retail: Mixed consumer backdrop ahead of2Q26earnings-20260715
高盛·2026-07-15 16:17
15 July 2026 | 2:34AM EDT Equity Research Within our coverage, we see Walmex (Buy) outperforming ANTAD self-service peers despite below-inflation SSS, while TBBB (Neutral) should continue to stand out, reflecting its maturing store base and broadening category portfolio. In our view, Soriana (Sell) is likely to continue to underperform peers, despite its defensive positioning. We expect Liverpool (Neutral) to post relatively muted sales growth, given its exposure to more discretionary consumption. Walmex (B ...