Q2 2026 Grupo Comercial Chedraui SAB de CV Earnings Call Transcript

Jul 23, 2026 / 02:00 PM GMT

Release Date Price: €4.28 (-1.83%)

Transcript

Key Points

Positve

Grupo Comercial Chedraui SAB de CV (GCHEF) achieved a 15 basis points increase in consolidated EBITDA margin compared to the same quarter of 2025.
Chedraui Mexico's same-store sales grew by 1.3%, outperforming the self-service segment by 142 basis points for the 24th consecutive quarter.
Chedraui USA's EBITDA margin improved by 20 basis points to 8.5%, reflecting effective expense management and cost efficiencies.
The company maintained strong margins in Mexico at 9.5% despite higher labor costs, thanks to expense control programs and gross margin expansion.
Grupo Comercial Chedraui SAB de CV (GCHEF) has a strong cash position and low debt levels, supporting its long-term growth strategy and expansion plans.

Negative

Consumer spending remains weak in Mexico, particularly in the Southeast region, affecting same-store sales growth.
Chedraui USA's sales were negatively impacted by changes in SNAP benefit availability, immigration enforcement, and higher fuel prices.
Consolidated sales declined by 3.9% compared to the same quarter of the previous year, primarily due to currency translation effects.
Consolidated net income declined by 11.5% to 1,825 million pesos, representing 2.6% of consolidated sales.
The company faces challenges in achieving its same-store sales guidance in both Mexico and the U.S. due to current market conditions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CHDRAUIB.MX - Grupo Comercial Chedraui SAB de CV
Q2 2026 Grupo Comercial Chedraui SAB de CV Earnings Call
Jul 23, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning to all participants and welcome to Grupo Commerciale Cedraui's second quarter 2026 conference call.

Participating in the conference call today will be Mr. Jose Antonio Cedraui, CEO of Grupo Commerciale Cedraui, Mr. Carlos Smith, CEO of Cedraui USA, Humberto Tafoya, CFO, and Arturo Velasquez, IRO for the company.

We'll begin the call with initial comments on Grupo Commercial Chedraui's second-quarter financial results by the company's CEO, Mr. Jose Antonio Chedraui and Chedraui's USA CEO, Carlos Smith.

Please begin.

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Unidentified_2 [2]
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