Grupo Comercial Ched Ord (GCHEF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to all participants and welcome to Grupo Comercial Chedraui's fourth quarter 2025 commercial conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. 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 the initial comments on Grupo Comercial Chedraui's fourth quarter financial results by the company's CEO, Mr. Jose Antonio Chedraui and Chedraui USA CEO, Carlos Smith. Thank you. You may begin. Good morning to all and welcome to our presentation of Grupo Comercial Chedraui's fourth quarter 2025 results. I want to begin by sincerely thanking our valued customers for choosing to shop at our stores, especially during this challenging economic environment, both in Mexico and the U.S. Your continued trust inspires us every day. I also want to proudly recognize our employees on wavering dedication to advancing our three strategic pillars throughout 2025. Their commitment to delivering a unique shopping experience, providing the best assortment at the lowest prices, and consistently exceeding expectations has been crucial to strengthening our customers' loyalty. In Mexico, our same-store sales have once again outperformed Antat's self-service segment by 164 basis points, making an outstanding 22nd consecutive quarter of outperformance. For the full year, our same-store sales growth exceeded Antat's self-service by 140 basis points. Making this the fifth consecutive year of remarkable achievement. At Chedraui USA, although sales were impacted by continued immigration enforcement and the U.S. gov...