Capital investment (Capex) for 2023 is estimated at approximately 2.8% of consolidated sales, which would result in an expansion of the sales floor in Mexico of 3.6% and 1.4% in the United States. For the company as a whole, the sales floor would increase by 2.8%.
The chain of retail It projects that towards the end of this year, same-store sales, those that have been in operation for more than a year, will have a growth of between 7% and 8%. While in the total stores, which consider the new openings, the windows will increase between 15% and 16%.
With these forecasts, Chedraui projects that it would achieve growth in the last two years of more than 33%, according to data from the results guide sent to the Mexican Stock Exchange (BMV).
In the United States, the company estimates a 5% growth in same-store sales for both Smart & Final and the Hispanic division. In total stores, growth in dollars of 5.5% is expected.
“By 2023, we project an EBITDA margin expansion of 10 to 15 basis points in Mexico, maintaining the same margin in the Real Estate Division. An expansion of 20 basis points is projected in the EBITDA margin for the Chedraui USA operation,” the company said in the results guide.
Chedraui has managed to do it. In the third quarter of 2022, the company’s net sales went from 52,473 million pesos to 64,758 million pesos, which means an increase of 23.4%. Regarding its operating flow -or Ebitda-, the retailer reached 5,388 million pesos, that is, a percentage variation of 37.3%.
In the period, the retailer achieved a profit of 1,467 million pesos, which represents an increase of 63.7% compared to the same quarter of 2021.
“In Mexico, in an environment of high inflation, our clients recognize us as benchmarks in the sector in terms of variety of products, customer service, but above all, low prices; our growth, which is once again above the market rate”, said Antonio Chedraui, general director of Grupo Chedraui, in the last financial report sent to the Mexican Stock Exchange (BMV).
At the end of 2022, Chedraui consolidated its participation in the low-price segment, with the acquisition of the 36 units of the Arteli Discount Store, a supermarket chain that has a presence in Tampico, Tamaulipas, for an amount that was not disclosed.
The Arteli chain has been in operation for nearly 40 years under three different formats, Arteli, Arteli Express and Aká Superbodega, which together will close this year with sales of around 4.9 billion pesos.