GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. THIRD QUARTER 2024 RESULTS

MEXICO CITY, Oct. 23, 2024 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B. de C.V. reports its 2024 third quarter results. All figures are shown in nominal terms and reported under International Financial Reporting Standards (IFRS).

3Q'24 Highlights:

Same Store Sales (SSS) growth of 4.9% in Mexico exceeded the 3.0% reported by ANTAD. This is the seventeenth consecutive quarter our results exceeded ANTAD.

Growth in SSS at Chedraui USA of 0.5% in U.S. dollars.

During the quarter, the Rancho Cucamonga Distribution Center (RCDC), located in California, began operations.

Consolidated EBITDA increased 3.5% compared to 3Q'23, and 11.1% when excluding transition cost and expenses incurred by opening RCDC.

Consolidated EBITDA Margin: at 8.2%; by excluding the impact of RCDC, results were similar to 3Q'23.

EBITDA Margin Retail Mexico at 9.1%, +17 bps vs. 3Q'23

EBITDA Margin Chedraui USA at 7.0%, excluding RCDC impact it was 8.1%.

Net debt to EBITDA ratio was 0.02x at the end of the third quarter of 2024.

The ROE in 3Q'24 was 16.8%, without the effect of RCDC ...