Wal-Mart De Mex V S/Adr

Good evening, everyone. I'm Salvador Villaseñor, responsible for investor relations at Walmex. And I want to thank you for joining us in the live Q&A session following our second quarter results, which were published yesterday evening. Joining me today is Ignacio Caride, our president and CEO of Walmart de Mexico y Centroamerica, Raul Quintana, our Omnichannel COO, and Pablo Garcia, our CFO. As always, we will make every effort to answer as many questions as we can in the 45 minutes that we have scheduled for this call. We kindly ask you to limit yourself only to one question as a courtesy to others. Now, I will pass over to Ignacio for his initial remarks before moving on to the first question. Please, Ignacio.

Thank you Salvador and good evening everyone. Let me start by highlighting our growth of 8.3%. This is a 6% in constant currency in line with our guidance ahead of the market in both regions. We are building this business for the future and with our commitment of doubling the business faster than we did before. Whenever we see the opportunity to expand price gap to help our customers save money and live better, especially in challenging times, as well as the opportunity to accelerate market share gains, we will do it. What gives me confidence is the progress of our strategy. Some of the proof points include market share gains, increasing price gap, private brand expansion, acceleration of e-commerce and consolidation of our new businesses. We are focused on what we can control, and our priority is growth and share gains, protecting margins through business mix, evolution and discipline. Now we are open to answer your questions.

We will now start the Q&A session. If you have a question, please press the question button in the browser. The first question is from Mr. Alejandro Fuchs from ETAL VBA. Please go ahead.