Q1 2025 InRetail Peru Corp Earnings Call Transcript
Key Points
- InRetail Peru Corp (LIM:INRETC1) reported a mid-single digit growth in revenues of 4.8% despite extraordinary impacts.
- The food retail segment achieved a 6.1% growth in revenues, driven by the mass format.
- The pharma segment posted a 3.4% increase in revenues, with an 8.9% growth in adjusted EBITDA.
- The company opened 95 net new mass stores in Q1 2025, contributing to the expansion of its sales area.
- InRetail Peru Corp (LIM:INRETC1) maintains a healthy financial position with a net debt to adjusted EBITDA ratio of 2.1 times.
- The Real Plaza Trujillo incident resulted in temporary closures and increased operating expenses, impacting financial results.
- Adjusted EBITDA declined by 7.1% compared to Q1 2024, mainly due to extraordinary impacts and a decreasing gross margin.
- Net income decreased by 13.3% in the quarter, affected by the decline in adjusted EBITDA.
- The shopping mall segment experienced a 4.8% decline in revenues and a 28.3% decline in adjusted EBITDA due to the incident.
- The company anticipates continued extraordinary impacts in the second quarter, particularly related to the Trujillo mall.
Good morning and welcome to In Retail Peru's first quarter 2025 conference call.
(Operator Instructions)
Joining us today from in Retail Peru are Mr. Juan Carlos Vallejo, Chief Executive Officer, Mr. Marcelo Ramos, Chief Financial Officer, and Mrs. Andrea Fabbri, Investor relations officer, they will be discussing the quarterly report distributed by the company yesterday.
If you have not yet received a copy of the earnings report, please visit www.inretail.pe on the investors section where there is also a webcast presentation to accompany the discussion during this call. If you need any assistance, please contact the investor relations team of In Retail Peru.
Please be advised that forward-looking statements may be made during this conference call, and they do not account for economic circumstances, industry conditions, the company's performance, or financial results. As such, these forward-looking statements are based in several assumptions and factors that could change, causing actual results to differ
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