Grupo Comercial Chedraui, S.A.B. De C.V. Reports Consolidated Earnings Results for the Third Quarter and Year to Date Ended September 30, 2016
October 25, 2016
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Grupo Comercial Chedraui, S.A.B. DE C.V. reported consolidated earnings results for the third quarter and year to date ended September 30, 2016. For the quarter, the company's sales were MXN 21,722,417,000 compared to MXN 19,255,762,000 a year ago. This increase was driven by the opening of seven new stores in Mexico and eight new stores in the United States over the past 12 months. Operating income was MXN 1,061,066,000 compared to MXN 943,916,000 a year ago. EBITDA was MXN 1,437,669,000 compared to MXN 1,275,500,000 a year ago. Income before taxes was MXN 782,235,000 compared to MXN 695,355,000 a year ago. Net income was MXN 516,275,000 compared to MXN 472,841,000 a year ago.
For the nine months, the company's sales were MXN 63,655,820,000 compared to MXN 56,650,006,000 a year ago. Operating income was MXN 3,113,474,000 compared to MXN 2,693,543,000 a year ago. EBITDA was MXN 4,209,531,000 compared to MXN 3,653,926,000 a year ago. Income before taxes was MXN 2,285,548,000 compared to MXN 1,969,971,000 a year ago. Net income was MXN 1,508,461,000 compared to MXN 1,334,457,000 a year ago. Cash flows from operating activities was MXN 689,584,000 compared to MXN 344,717,000 a year ago. Purchase of property, plant and equipment, classified as investing activities was MXN 2,307,404,000 compared to MXN 2,378,284,000 a year ago. Purchase of intangible assets, classified as investing activities was MXN 99,001,000 compared to MXN 69,603,000 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.