Grupo Comercial Chedraui, S.A.B. DE C.V. Reports Consolidated Earnings Results for the Third Quarter of 2017
October 25, 2017 at 10:00 am EDT
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Grupo Comercial Chedraui, S.A.B. DE C.V. reported consolidated earnings results for the third quarter of 2017. For the quarter, the company reported sales in Mexico posted excellent third quarter results with same store sales increasing 5.6%. These results were completely driven by an increase in average ticket, while total sales grew 9% to reach MXN 16,239 million. Real estate income grew 6.1% in the third quarter of 2017 to MXN 219 million, primarily due to increased rents for certain lease contracts that are tied to inflation. During the third quarter of 2017, the company reached a consolidated gross profit of MXN 4,921 million, which is 5.8% higher to last year consolidated net income grew 8.3% versus prior period to MXN 559 million. Total sales in the U.S. reached MXN 6,612 million, which represents a 0.1% decrease in pesos due to the fact that the exchange rate was 5.6% lower than last year. EBITDA in the quarter reached MXN 269 million, which is 0.5% higher than the prior quarter. This represents 4.1% of sales, which is similar to last year, although in dollar terms EBITDA grew 6.1%.
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.
GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. 
