Grupo Comercial Chedraui SAB de CV Class B ( (GCHEF) ) has released its Q4 earnings. Here is a breakdown of the information Grupo Comercial Chedraui SAB de CV Class B presented to its investors.
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Grupo Comercial Chedraui SAB de CV, a leading retailer operating in Mexico and the United States, reported its fourth-quarter 2024 financial results, highlighting its retail operations across both countries along with a real estate division.
In the fourth quarter of 2024, Grupo Comercial Chedraui posted consolidated sales of 77,582 million pesos, marking an 11.2% year-over-year increase. The company’s retail operations in Mexico saw same-store sales growth of 2.9%, while Chedraui USA experienced a 0.8% increase in US dollar terms. The company also expanded its footprint by opening 57 new stores in Mexico and 2 in the United States during the quarter.
Key financial metrics for the quarter include a consolidated EBITDA margin of 7.6%, or 8.0% when excluding the impact of the Rancho Cucamonga Distribution Center (RCDC). Despite these figures, net income saw a decline of 45.4% to 1,363 million pesos, attributed to increased transition expenses related to the RCDC. The company’s CAPEX for the year was 11,454 million pesos, representing 4.1% of sales, driven by organic growth and RCDC investments.
Looking forward, Grupo Comercial Chedraui remains focused on its growth strategies, including further store openings and enhancing its eCommerce platform. The company plans to continue leveraging its loyalty program and customer analytics to maintain its competitive edge in the retail sector. With a solid cash position and ongoing investments, Chedraui is poised to optimize its operations in the coming year.
