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GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. FIRST QUARTER 2024 RESULTS
MEXICO CITY, April 23, 2024 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B. de C.V. reports its 2024 first quarter results. All figures are shown in nominal terms and reported under International Financial Reporting Standards (IFRS).
1Q'24 Highlights:
Growth of 9.4% in Same-Store Sales (SSS) in Mexico, exceeding the 7.6% recorded by ANTAD.
5.7% growth in consolidated EBITDA
Consolidated EBITDA margin increase: +43 bps to 8.8%
+45 bps in Retail Mexico to 8.7%
+38 bps in Retail US to 8.4%
23.8% increase in consolidated Net Income
ROE of 18.8%, an 88-bps improvement compared to 1Q'23
Net debt (cash) to EBITDA at -0.10x
Antonio Chedraui, Grupo Comercial Chedraui's CEO, remarked:
We are pleased to announce to our investor community and stakeholders that our first-quarter results maintained a positive trend, which reflect our employees' ongoing dedication to providing our customers the products they desire at the best possible prices and with exceptional service.
In Mexico, we continue to gain ...