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GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. SECOND QUARTER 2024 RESULTS
MEXICO CITY, July 24, 2024 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B. de C.V. reports its 2024 second quarter results. All figures are shown in nominal terms and reported under International Financial Reporting Standards (IFRS).
2Q'24 Highlights:
Growth of 5.5% in Same-Store Sales (SSS) in Mexico, exceeding the 3.5% recorded by ANTAD.
Chedraui USA SSS growth of 1.4% in U.S. dollars.
5.5% growth in consolidated EBITDA
Consolidated EBITDA margin increased: +9 basis points to 9.1%
+23 basis points in Retail Mexico to 8.7%
Retail U.S. was flat at 8.9%.
Consolidated Net Income growth of 8.3%.
ROE of 18.5% with a 43-bps improvement compared to 2Q'23
Net debt (cash) to EBITDA at -0.02x
Organic Growth: In 2Q'24 we opened 12 stores in Mexico and 3 in the U.S.
Antonio Chedraui, Grupo Comercial Chedraui's CEO, remarked:
I am pleased to share with you the results for the second quarter of the year, which reflect the commitment and effort of our employees to execute our strategy of ...