Chedraui sales could grow more than 20%: Go for More

Chedrauithe second largest chain of self-service stores in the country, would obtain a net profit of 1,714 million pesos in the third quarter of the year, an advance of 93.2% compared to the same period in 2021.

Marisol Huerta, analyst at Financial Group Go for Morehighlighted that the operating profit of the company that has, among others, Chedraui, Chedraui Select and Supercito, could report an increase of 42.9%, which would reach 3,602 million pesos.

In its report to the Mexican Stock Exchange (BMV), the company could detail sales of 63,362 million pesos, a growth of 20.8% compared to 52,473 million pesos in the third quarter of 2021.

of the stores that Chedraui operates in the United States, the expert expects The Super y Fiesta obtain higher sales thanks to the reactivation of the economy, and mentions that it would be the last quarter where the effect of the acquisition of “Smart & Final” would be observed.

The real estate division Chedrauiin charge of managing and renting commercial premises, could obtain a 20% growth in its income in the third quarter of 2022 compared to last year, according to estimates by Grupo Ve por Más.

The target price of the shares of Chedrauifor Grupo Ve por Más (BX+) it is 62.6 pesos per unit, 6% less compared to its closing this Tuesday on the Mexican Stock Exchange of 66.6 pesos per share.

Chedraui It has more than 342 branches in Mexican territory, divided into the following business segments: 203 Chedraui stores, 67 Super Chedraui stores, 64 Supercito stores and 8 Super Che stores, according to figures from its latest quarterly report.

In the United States, it has a presence in the states of California, Nevada, Arizona, New Mexico and Texas with 377 branches.

Its real estate division has 427,354 square meters of profitable area.

Chedraui reports its results for the third quarter to the BMV, on October 26 at the close of the market.

victor.barragan@eleconomista.mx