In this year, the retail chain reported that the investment will be around 2.1% of consolidated revenues, which will allow it to grow the sales floor in Mexico by approximately 1.6% and 0.6% in the United States organically.
In addition, for 2022 a growth in same-store sales in Mexico of more than 4.5% is projected, thus reaching same-store growth of more than 12% in the last two years, according to data from the Results Guide.
In the operations in the United States, the supermarket expects a greater dynamism in sales than other years due to the global inflationary environment. In dollars, same-store sales growth of 3.5% is expected for the El Super and Fiesta operations, while same-store sales growth of 2.5% is expected for the Smart & Final operation.
Chedraui also reported that for this year it projects an improvement of between 10 and 15 base points in the EBITDA margin of the Mexico Self-service operation and around 200 base points in the Real Estate Division, while in the United States it estimates an improvement of 40 base points. in the EBITDA margin after the consolidation of the Smart & Final operation and the continuation of the Fiesta profitability expansion plan.
At the end of 2022, a Net Bank Debt / EBITDA ratio of between 0.3 and 0.4 times is expected given the company’s outstanding cash flow generation.