A survey of five analysts found that Wal-Mart de Mexico likely will report a profit increase of about 21% for the first quarter. A major expansion in Central America is expected to help the company's results. Walmex acquired more than 500 stores in March 2010. "The results will be modest, with little operating leverage thanks to the increase in revenues and more investment in Central America," according to BBVA's brokerage unit.

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