Grupo Comercial Chedraui, S.A.B. De C.V. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides CapEx Guidance for the Year 2018
February 26, 2018
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Grupo Comercial Chedraui, S.A.B. DE C.V. reported consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported sales of MXN 26,112,741,000 compared to MXN 24,872,760,000 a year ago. Operating income was MXN 1,183,063,000 compared to MXN 1,140,908,000 a year ago. EBITDA was MXN 1,596,559,000 compared to MXN 1,537,452,000 a year ago. Income before taxes was MXN 828,004,000 compared to MXN 787,242,000 a year ago. Net income was MXN 542,672,000 compared to MXN 501,206,000 a year ago.
For the full year, the company reported sales of MXN 94,582,515,000 compared to MXN 88,528,580,000 a year ago. Operating income was MXN 4,418,276,000 compared to MXN 4,254,381,000 a year ago. EBITDA was MXN 6,039,093,000 compared to MXN 5,746,983,000 a year ago. Income before taxes was MXN 3,237,545,000 compared to MXN 3,072,790,000 a year ago. Net income was MXN 2,117,355,000 compared to MXN 2,009,667,000 a year ago. Cash flows from operating activities were MXN 4,792,189,000 compared to MXN 3,204,624,000 a year ago. Purchase of property and equipment was MXN 2,994,798,000 compared to MXN 3,280,565,000 a year ago. Purchase of intangible assets was MXN 183,292,000 compared to MXN 146,955,000 a year ago. CapEx invested in 2017 was MXN 3,178 million.
For the year 2018, the company expects total CapEx to be MXN 3,950 million.
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.
Grupo Comercial Chedraui, S.A.B. De C.V. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides CapEx Guidance for the Year 2018