#Mexico #Mexico City #sales growth #Chedraui #USA Expansion

Grupo Comercial Chedraui's Guidance for 2026

Grupo Comercial Chedraui, S.A.B. de C.V. has shared an optimistic outlook for its operations in both Mexico and the United States for the fiscal year 2026. This ambitious plan comes at a time when the company is navigating a challenging economic landscape, particularly with rising labor costs in Mexico and a more stringent immigration policy affecting its U.S. operations.

Economic Overview

The guidance provided by Chedraui is based on an expected economic environment for 2026 that mirrors what was experienced in 2025. This scenario indicates a focus on sustaining operational efficiency within the company to better handle anticipated increases in operational costs. The management believes that ongoing internal strategies are crucial for mitigating the pressures from higher labor expenses.

Sales Projections

Chedraui has made several projections regarding sales growth for the coming fiscal year. Here are the company’s forecasts:

• - Retail Mexico:

- Same-store sales growth is estimated to be between 3.0% and 4.0%.
- Total sales growth is projected at 8.0% to 9.0%.

• - Chedraui USA:

- Same-store sales growth could be between 1.0% and 2.0%.
- Total sales growth is shaped to be around 2.0% to 3.0%.

This divided view highlights differing market conditions in Mexico compared to the United States; Chedraui USA is expected to feel the impact of ongoing regulatory changes that might suppress immediate growth potential.

EBITDA Margin Expectations

In addition to sales growth, Chedraui anticipates a gradual improvement in its EBITDA margin for 2026. The projected enhancement is as follows:

• - Consolidated EBITDA Margin Improvement:

- Increase of 15 to 35 basis points.

• - Retail Mexico:

- Improvement expected to be between 0 to 10 basis points.

• - Chedraui USA:

- Expected increase of 30 to 60 basis points.

These margins reflect a commitment to efficient cost management, especially in the face of pressures related to operational activities and market variability.

Expansion Plans and Store Openings

Chedraui's strategy includes not just navigating existing market conditions but also expanding its footprint. The company has laid out a detailed organic expansion plan for 2026, which highlights the following store openings:

• - In Mexico:

- 9 new Tienda Chedraui stores
- 7 new Super Chedraui stores
- 130 Supercito stores

• - In the U.S.:

- 4 El Super stores
- 1 Fiesta store
- 1 Arteli store

This aggressive expansion strategy is anticipated to bolster Chedraui's market position and directly influence sales growth, both in-store and overall.

Conclusion

As Grupo Comercial Chedraui embarks on its 2026 fiscal journey, the strategic focus is heavily centered on navigating economic pressures while pursuing ambitious growth through expansion and operational refinement. The outlook reflects a unique blend of caution and optimism, positioning the company to adapt dynamically to future market changes. Stakeholders and investors can expect Chedraui to continue its push for enhanced performance and regional dominance in the retail sector across both Mexico and the U.S. This strategic guidance underlines the company’s commitment to resilience and growth despite facing various economic hurdles.