January 30, 2015 8:14 AM ET

Food and Staples Retailing

Company Overview of Grupo Comercial Chedraui, S.A.B. DE C.V.

Company Overview

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...

Avenida Constituyentes

Número 1150

Lomas Altas Delegación Miguel Hidalgo Código

Mexico, DF 11950

Mexico

Founded in 1920

Key Executives for Grupo Comercial Chedraui, S.A.B. DE C.V.

Grupo Comercial Chedraui, S.A.B. DE C.V. does not have any Key Executives recorded.

Grupo Comercial Chedraui, S.A.B. DE C.V. Key Developments

Grupo Comercial Chedraui Seeks Acquisitions

Grupo Comercial Chedraui, S.A.B. DE C.V. (BMV:CHDRAUI B) is exploring possible acquisitions at home, said Antonio Chedraui, Chief Executive of Grupo Comercial Chedraui, declining to comment on reports that the firm is seeking to acquire rival Comerci. "In Mexico we are exploring possible consolidation opportunities," chief executive Antonio Chedraui told a conference call with analysts. "I cannot make any specific comments regarding any types of consolidation possibilities at this moment".

Grupo Comercial Chedraui, S.A.B. De C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 2014

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.

Grupo Comercial Chedraui, S.A.B. DE C.V. to Report Q3, 2014 Results on Oct 22, 2014

Grupo Comercial Chedraui, S.A.B. DE C.V. announced that they will report Q3, 2014 results After-Market on Oct 22, 2014

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