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Based on consensus from external analysts. Not Kvantra's opinion.

Wal-Mart de México, S.A.B. de C.V. (Walmex) oversees and operates an extensive chain of self-service retail establishments throughout Mexico and various Central American nations. Its varied retail portfolio encompasses discount warehouses and stores, expansive hypermarkets, traditional supermarkets, and membership-based wholesale clubs. Within Mexico, the company's operations include 2,198 Bodega Aurrerá discount stores, 294 Walmart hypermarkets, 14 Superama supermarkets, 85 Walmart Express supermarkets, and 165 Sam's Club wholesale outlets for members. Expanding into Central America — specifically Costa Rica, Guatemala, Honduras, Nicaragua, and El Salvador — Walmex manages 572 Despensa Familiar and Palí discount stores, 98 supermarkets operating under banners such as Paiz, La Despensa de Don Juan, La Unión, and Más x Menos, 158 Bodegas, Maxi Bodega, and Maxi Palí stores, and 36 Walmart hypermarkets. Beyond retail, Walmex is also engaged in importing and distributing goods, real estate development, and the administration of property-focused businesses. Founded in 1958, the company's primary headquarters are situated in Mexico City. Walmex functions as a subsidiary of Intersalt, S. De R.l. De C.v.

• Wal-Mart de Mexico SAB de CV Sponsored ADR Class V
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• BJ's Wholesale Club Holdings, Inc.