Q1 2023 Grupo Comercial Chedraui SAB de CV Earnings Call Transcript
Greetings, and welcome to Grupo Commercial Chedraui S.A.B de C.V. Q1 2023 Conference Call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host. Antonio Chedraui, Grupo Chedraui, CEO. Thank you. You may begin.
Good morning. It is a pleasure to be with you today to discuss Grupo Chedraui's results for the first quarter of 2023. We started the fiscal year with positive results in both Mexico and the U.S.
In Mexico, we saw solid sales growth and market share gains, which was driven by our continued focus on delivering exceptional value and convenience to our customers. Our multi-format strategy has enabled us to meet the diverse needs of our customers and capture opportunities in different segments of the market. Meanwhile, in the U.S., we made significant progress in profitability through the integration of the banners and our operational rigor. Overall, we are very pleased with our first quarter
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