Grupo Comercial Ched Ord (GCHEF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to all participants, and welcome to Grupo Comercial Chederowa's fourth quarter 2024 conference call. Participating in the conference call today is Mr. Jose Antonio Chederowa, CEO of Grupo Comercial Chederowa, Mr. Carlos Smith, CEO of the company, Humberto Tafolle, CFO, and Arturo Velasquez, IRO for the company. We will begin the call with initial comments on Grupo Comercial Chedrawi, fourth quarter financial results by the company's CEO, Mr. Jose Antonio Chedrawi. Thank you. You may begin. Good morning to all, and welcome to our presentation of Grupo Comercial Chedrawi's fourth quarter 2024 results. I will begin by proudly thanking all of our employees for their exceptional work, unwavering dedication and passion for successfully driving our three core strategic pillars, lowest price, best assortment by store, and best customer experience. Their relentless commitment has been instrumental in continuing to grow market share in Mexico and the El Super and Fiesta Mart brands in the U.S. In 2024, our same store sales in Mexico outperformed Lantar, which clearly reflects the hard work and determination of our entire team. At Smart and Final, we launched a new pricing strategy for perishables, which combined with our impactful marketing campaign launched in second quarter 24, are designed to strengthen the banner's position as a primary shopping destination for our customers and increase our customer base. This approach led to a 2% increase in customer count in the fourth quarter of 2024. Our CapEx investment in 2024, which represented 4.1% of sales, showcases our unwavering commitment to long-term, organic growth both in Mexico and the U.S. At the same time, we are actively seeking accretive growth opportunities through strategic M&A initiatives. Furthermore,...