Grupo Comercial Chedraui, S.A.B. DE C.V. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
February 22, 2017
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Grupo Comercial Chedraui, S.A.B. DE C.V. reported consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported sales of MXN 24,872,760,000 compared to MXN 21,997,859,000 a year ago. Operating income was MXN 1,140,908,000 compared to MXN 984,936,000 a year ago. EBITDA was MXN 1,537,452,000 compared to MXN 1,327,175,000 a year ago. Income before taxes was MXN 787,242,000 compared to MXN 669,222,000 a year ago. Net income was MXN 501,206,000 compared to MXN 455,071,000 a year ago.
For the full year, the company reported sales of MXN 88,528,580,000 compared to MXN 78,647,865,000 a year ago. Operating income was MXN 4,254,381,000 compared to MXN 3,678,479,000 a year ago. EBITDA was MXN 5,746,983,000 compared to MXN 4,981,101,000 a year ago. Income before taxes was MXN 3,072,790,000 compared to MXN 2,639,192,000 a year ago. Net income was MXN 2,009,667,000 compared to MXN 1,789,528,000 a year ago. Cash flows from operating activities were MXN 3,204,624,000 compared to MXN 4,174,913,000 a year ago. Purchase of property and equipment was MXN 3,280,565,000 compared to MXN 2,860,728,000 a year ago. Purchase of intangible assets, classified as investing activities was MXN 146,955,000 compared to MXN 129,874,000 a year ago.
Grupo Comercial Chedraui SAB de CV is a Mexico-based company primarily engaged in the retail and real estate sectors. The Companyâs activities are structured into three business areas: Self Service Mexico, which includes a network of over 140 Chedraui and 39 Super Chedraui supermarkets located in over 20 Mexican states; Self Service Unites States, which comprises the operation of 36 El Super convenience stores established mainly in the southern-east region of the United States, and Real Estate, which specializes in the acquisition, management, development and promotion of residential and non-residential properties, as well as in the construction and redecorating of the Companyâs stores and facilities.