InRetail Peru Corp (OTCPK:INREF)

Q3 2024 InRetail Peru Corp Earnings Call Transcript

Nov 13, 2024 / 04:00 PM GMT

Release Date Price: $29.13

Transcript

Key Points

Positve

InRetail Peru Corp (LIM:INRETC1) reported a sound growth in revenues of 5.8% for Q3 2024, driven by strong performance in the food retail segment.
The company experienced a 51.3% increase in net income, attributed to improved performance across all segments and a favorable exchange rate effect.
The food retail segment posted a strong revenue growth of 7.4%, with significant contributions from new store openings and increased consumer preference for price-focused channels.
The Pharma segment showed a recovery with a 4.7% increase in revenues, benefiting from a colder winter season and successful category diversification.
InRetail Peru Corp (LIM:INRETC1) maintained a healthy cash balance and improved cash flow generation, despite higher CapEx investments and dividend distributions.

Negative

The Peruvian economy faced challenges from extreme weather events and social protests, impacting business confidence and consumer spending.
Despite revenue growth, the adjusted EBITDA margin in the food retail segment declined by 44 basis points due to increased operational expenses from new store openings.
The shopping mall segment experienced lower growth in income from management services, affecting overall revenue growth.
The company faces competitive pressures from new discount stores entering the market, which could impact growth opportunities for its mass format.
InRetail Peru Corp (LIM:INRETC1) has a temporary increase in short-term debt due to medium-term loans maturing next year, requiring refinancing efforts.

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

INRETC1.LM - InRetail Peru Corp
Q3 2024 InRetail Peru Corp Earnings Call
Nov 13, 2024 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone and welcome to Inretail Peru's third quarter, 2024 conference call at this time. All participants are in a listen-only mode and please note that this call is being recorded after the presentation, we will open the floor for questions at that time, instructions will be given as to the procedure to follow if you would like to ask a question.

Also, you can submit online questions at any time today using the chat function on the left side of the webcast platform, they will be answered after the presentation during the Q&A session.

Simply type your question in the box and click send before we begin. I would like to remind you that today's call is for investors and analysts only.

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