MEXICO CITY, July 26, 2022 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B. de C.V. reports its 2022 second quarter results. All figures in this report are shown in nominal terms and reported in accordance with International Financial Reporting Standards (IFRS).
+78.5% consolidated sales growth in Q2'22
+16.2% same store sales increase in Mexico vs. ANTAD's 10.5% increase
+12.0% same store sales increase in the US
+90.8% consolidated EBITDA in Q2'22, +23.5% on a comparable basis, with a 54 bp margin expansion
+78.9% consolidated Net Income growth
Reported leverage ratio: 0.54x in Q2'22
CONSOLIDATED RESULTS FOR THE SECOND QUARTER 2022
The following chart summarizes the Income Statement in million pesos for the second quarter of 2022. The margin for each figure represents its ratio to net sales and the comparison to the same period in 2021.
MXN in millions
Comments from Mr. Antonio Chedraui, CEO of Grupo Comercial Chedraui
"We have reached the middle of the year by closing another quarter with excellent results. In Mexico, we continue to widen the gap between our growth and that of the market by offering a differentiated and attractive value proposition to the customer. The second quarter benefited from an inflationary environment and economic growth in the tourist regions of our country in which we participate. Applying the same commercial strategy, we achieved outstanding growth in the United States, with strong performance in all three of our formats. At the same time, our operational discipline gave us the ability to expand the Company's profitability, improve margins and strengthen our financial position. We look forward to the second half of the year with great enthusiasm and are preparing to close an unprecedented year in terms of growth and profitability in all the regions and formats in which we operate."
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Conference Call Information
Wednesday, 27th July, 2022
10:00 am (EST)
9:00 am (CST)
Operator-assisted US toll-free dial-in number: +1 877 407 3982
Operator-assisted Mexico dial-in number: 01 800 522 0034
Operator-assisted International dial-in number: +1 201 493 6780
Humberto Tafolla Núñez
Jesús Arturo Velázquez Díaz
Chief Financial Officer
Tel. + 52 (228) 8-42-11-10
Tel. + 52 (228) 8-42-11-17
SOURCE Grupo Chedraui