Grupo Comercial Chedraui SAB de CV Class B ( (GCHEF) ) has released its Q1 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 prominent player in the retail sector, operates supermarkets and hypermarkets across Mexico and the United States, distinguishing itself with a strong loyalty program and strategic expansions. In its first quarter of 2025, the company reported a robust 14.8% increase in consolidated net sales, driven by growth in both Mexico and the U.S., despite facing transition costs related to its new distribution center in California. Key financial metrics highlighted include a consolidated EBITDA growth of 8.8%, with a margin of 8.4%, and a notable same-store sales increase of 1.2% in Mexico, outperforming the market for the 19th consecutive quarter. Chedraui USA also showed a positive performance with a 2.8% same-store sales growth in U.S. dollars. However, the company experienced a 20.9% decline in net income, attributed to higher financial costs and transition expenses. Looking ahead, Grupo Comercial Chedraui remains focused on operational efficiencies and strategic growth, with plans to complete the integration of its distribution centers and continue expanding its store network, aiming for sustained market leadership and customer satisfaction.