Grupo Comercial Chedraui Reports Strong Second Quarter Results for 2026
In a recent announcement, Grupo Comercial Chedraui, S.A.B. de C.V. has released its financial results for the second quarter of 2026, confirming a resilient performance amid a challenging economic backdrop. All figures reported have been adjusted to nominal terms and are aligned with the International Financial Reporting Standards, specifically IAS 34 for interim reporting.
The report revealed a Same Store Sales (SSS) growth of 1.3% in Mexico, an impressive feat considering the broader market dynamics. Chedraui's SSS has notably surpassed ANTAD's benchmark for the twenty-fourth consecutive quarter, achieving an advantage of 142 basis points over its peers. The consolidated EBITDA margin also signaled a positive trend, increasing by 15 basis points to reach 9.0%.
In specific regions, Chedraui Mexico maintained its EBITDA margin at 9.5%, consistent with the results from the same quarter in 2025. Meanwhile, Chedraui USA witnessed a notable improvement, with its EBITDA margin rising 20 basis points to 8.5%. This growth is attributed to operational efficiencies introduced through the RCDC (Rancho Cucamonga Distribution Center) and overall management strategies.
The quarter also marked a strong consolidated net income totaling 1,825 million pesos, which paints a picture of robust operational health. Moreover, the Net Cash to EBITDA ratio stood at -0.09x, reflecting a slight decline from -0.05x in the same quarter last year, showing efforts to maintain liquidity.
Reflecting on the company's growth, Chedraui has expanded its consolidated sales floor by 3.0% in the last twelve months, with Chedraui Mexico's sales floor specifically seeing an increase of 4.4%. A significant highlight during this period was the appreciation of the Mexican peso against the U.S. dollar, which positively impacted the financial outcomes by 9.7%.
Antonio Chedraui, CEO of Grupo Comercial Chedraui, expressed gratitude towards the company’s workforce, citing, "The commitment of our team to our mission has been pivotal in navigating through the economic challenges. We strive to enhance lives by providing the preferred products at the best prices while nurturing our employees' growth within the organization."
Chedraui's operational excellence in Mexico reflected through its EBITDA margin reinforces its strategy of cost control and efficiency—factors essential for sustaining customer loyalty, as evidenced by the positive Same Store Sales performance, outpacing a national contraction reported by ANTAD.
On the contrary, Chedraui USA is still tackling challenges, largely due to reduced transactions linked to stricter immigration policies in their operational areas. The second quarter of 2025 provided a high comparative sales base, exacerbating the perception of this decline, especially as the impact of the economic environment started becoming apparent.
However, there are promising signs on the horizon: the company remains committed to significant investments during 2026, opening 27 Supercitos and a new Chedraui store in Mexico, and one new El Super store in the United States within the same quarter. This inclination to grow reinforces Chedraui's future trajectory in both Mexico and the U.S., where they seek to expand customer reach and share.
As of the end of the first half of the year, the company's net debt ratio reaffirmed its strong financial standing, confirming a robust strategy in the face of external economic pressures. This ongoing evolution positions Grupo Comercial Chedraui not only as a key player in the retail space but also as a forward-thinking company ready to embrace future opportunities.
Highlights of the 2Q 2026 Results
The report revealed a Same Store Sales (SSS) growth of 1.3% in Mexico, an impressive feat considering the broader market dynamics. Chedraui's SSS has notably surpassed ANTAD's benchmark for the twenty-fourth consecutive quarter, achieving an advantage of 142 basis points over its peers. The consolidated EBITDA margin also signaled a positive trend, increasing by 15 basis points to reach 9.0%.
In specific regions, Chedraui Mexico maintained its EBITDA margin at 9.5%, consistent with the results from the same quarter in 2025. Meanwhile, Chedraui USA witnessed a notable improvement, with its EBITDA margin rising 20 basis points to 8.5%. This growth is attributed to operational efficiencies introduced through the RCDC (Rancho Cucamonga Distribution Center) and overall management strategies.
The quarter also marked a strong consolidated net income totaling 1,825 million pesos, which paints a picture of robust operational health. Moreover, the Net Cash to EBITDA ratio stood at -0.09x, reflecting a slight decline from -0.05x in the same quarter last year, showing efforts to maintain liquidity.
Expansion and Strategic Vision
Reflecting on the company's growth, Chedraui has expanded its consolidated sales floor by 3.0% in the last twelve months, with Chedraui Mexico's sales floor specifically seeing an increase of 4.4%. A significant highlight during this period was the appreciation of the Mexican peso against the U.S. dollar, which positively impacted the financial outcomes by 9.7%.
Antonio Chedraui, CEO of Grupo Comercial Chedraui, expressed gratitude towards the company’s workforce, citing, "The commitment of our team to our mission has been pivotal in navigating through the economic challenges. We strive to enhance lives by providing the preferred products at the best prices while nurturing our employees' growth within the organization."
Chedraui's operational excellence in Mexico reflected through its EBITDA margin reinforces its strategy of cost control and efficiency—factors essential for sustaining customer loyalty, as evidenced by the positive Same Store Sales performance, outpacing a national contraction reported by ANTAD.
On the contrary, Chedraui USA is still tackling challenges, largely due to reduced transactions linked to stricter immigration policies in their operational areas. The second quarter of 2025 provided a high comparative sales base, exacerbating the perception of this decline, especially as the impact of the economic environment started becoming apparent.
However, there are promising signs on the horizon: the company remains committed to significant investments during 2026, opening 27 Supercitos and a new Chedraui store in Mexico, and one new El Super store in the United States within the same quarter. This inclination to grow reinforces Chedraui's future trajectory in both Mexico and the U.S., where they seek to expand customer reach and share.
As of the end of the first half of the year, the company's net debt ratio reaffirmed its strong financial standing, confirming a robust strategy in the face of external economic pressures. This ongoing evolution positions Grupo Comercial Chedraui not only as a key player in the retail space but also as a forward-thinking company ready to embrace future opportunities.
Topics Consumer Products & Retail）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.