Grupo Comercial Chedraui, S.A.B. DE C.V., through its subsidiaries, engages in the operation of self–service stores. Its stores offer food and non-food items, including electronic products, white goods, furniture, and clothing. The company operates through three segments: Self-Service Mexico, Self-Service United States, and Real Estate. The Self-service Mexico segment operates hypermarkets and supermarkets under the brand names of Chedraui and Súper Chedraui. The Self-Service United States segment offers supermarkets under the EL Super store format. The Real Estate segment engages in the development, management, expansion, remodeling, and leasing of stores and supermarkets in Mexico. As of D...
Lomas Altas Delegación Miguel Hidalgo Código
Mexico, DF 11950
Founded in 1920
Grupo Comercial Chedraui, S.A.B. De C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 2014
Oct 22 14
Grupo Comercial Chedraui, S.A.B. DE C.V. reported earnings results for the third quarter and nine months ended September 2014. For the quarter, the company reported sales of MXN 17,167,678,000 against MXN 16,172,901,000 a year ago. Operating income was MXN 834,568,000 against MXN 738,017,000 a year ago. EBITDA was MXN 1,137,888,000 against MXN 1,071,833,000 a year ago. Income before taxes was MXN 627,888,000 against MXN 509,903,000 a year ago. Consolidated net income was MXN 427,106,000 against MXN 397,803,000 a year ago. Total revenue increased 6.2% for this third quarter, higher than MXN 16,173 million obtained versus prior year. This growth resulted from the opening of eleven stores in Mexico and two in the United States during the last twelve months as well as same store sales increase of 2.2% in Mexico, and 2.8% in the United States in dollar terms. Net income increased 7.4% versus prior year, reaching MXN 427 million. Net income, remained at 2.5% versus the prior comparative quarter despite a higher tax rate of 32% this year versus 22% last year.
For the nine months, the company reported sales of MXN 51,068,346,000 against MXN 47,931,014,000 a year ago. Operating income was MXN 2,523,827,000 against MXN 2,310,017,000 a year ago. EBITDA was MXN 3,448,702,000 against MXN 3,310,067,000 a year ago. Income before taxes was MXN 1,890,796,000 against MXN 1,610,451,000 a year ago. Consolidated net income was MXN 1,311,141,000 against MXN 1,256,230,000 a year ago. Cash flows used in operating activities was MXN 2,173,984,000 against MXN 2,409,196,000 a year ago. Purchase of property and equipment was MXN 1,570,273,000 against MXN 1,380,199,000 a year ago. The CAPEX invested from January to September 2014 totaled MXN 1,473 million.