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MEXICO CITY, Jan. 15, 2024 /PRNewswire/ — Grupo Comercial Chedraui, S.A.B. de C.V. (Chedraui) announces its guidance for fiscal year 2024 in Mexico and the United States:
- The company’s estimated sales growth for 2024, explained by the favorable performance of same-store sales and the opening of new stores in the United States and Mexico, is as follows:
Estimated Sales Growth
|
Same Store Sales |
Total Sales |
|
|
Chedraui Mexico |
6.0% – 7.0% |
9.0% – 10.0% |
|
Chedraui USA (US Dollars) |
2.0% – 3.0% |
3.5% – 4.5% |
- Our internal operational efficiency plan is expected to mitigate pressure from higher labor costs; as such, EBITDA margin performance is expected as follows:
Estimated Performance EBITDA Margin (includes IFRS)
|
Improvement in EBITDA margin |
|
|
Consolidated |
0 – 10 basis points (bps) |
|
Chedraui Mexico |
0 – 10 bps |
|
Chedraui USA |
0 – 10 bps |
|
Real Estate Division |
Flat |
- CAPEX for 2024 is estimated to represent about 3.8% of consolidated sales. Salesfloor expansion in Mexico is estimated at 4.6% and 1.7% in the United States. For the Company as a whole, the sales floor is estimated to increase by 3.6%.
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Ticker symbol (BMV):
CHDRAUI B
SOURCE Grupo Comercial Chedraui, S.A.B. de C.V.
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