Grupo Comercial Chedraui, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 10:17 am IST
Share
Grupo Comercial Chedraui, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 64,294 million compared to MXN 64,758 million a year ago. Net income was MXN 1,935 million compared to MXN 1,467 million a year ago.
For the nine months, sales was MXN 193,298 million compared to MXN 189,303 million a year ago. Net income was MXN 5,399 million compared to MXN 4,072 million a year ago.
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.