Grupo Comercial Ched Ord (GCHEF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to all participants and welcome to Grupo Comercial Chedraui's second quarter 2026 conference call. Participating in the conference call today will be Mr. Jose Antonio Chedraui, CEO of Grupo Comercial Chedraui, Mr. Carlos Smith, CEO of Chedraui USA, Humberto Tafolla, CFO, and Arturo Velázquez, IRO for the company. We will begin the call with initial comments on Grupo Comercial Chedraui's second quarter financial results by the company's CEO, Mr. Jose Antonio Chedraui, and Chedraui's USA CEO, Carlos Smith. Please begin. Good morning to all and welcome to our presentation of Grupo Comercial Chedraui's second quarter 2026 financial results. I want to start by commenting that although we can't control the weaker consumer environment we're facing both in Mexico and in the U.S., we can respond by being more focused than ever on having the best operational execution and customer engagement, which are key elements to successfully navigating this environment. I also want to recognize the commitment and dedication of our employees. Thank you for your hard work as it was an essential factor in the 15 basis points increase in our consolidated EBITDA margin in the quarter compared to the same quarter of 2025. In Mexico, consumer spending remains weak, particularly in the Southeast region. were it affected not only by a lack of investment, but also by slowdown in tourism. Our same-store sales growth felt this impact during the quarter, growing by 1.3% compared to the second quarter of 25. Despite soft consumer spending, we continue to outperform on TAD's self-service segment Thank you very much. and Immigration Enforcement, as well as pressure in our customers' budgets due to higher gas prices. Despite the loss of operating leverage at El Super and Fiesta, EBITDA margi...