Grupo Comercial Chedraui SAB de CV (FRA:2GCB)
€ 5.45 -0.15 (-2.68%) Market Cap: 5.58 Bil Enterprise Value: 8.20 Bil PE Ratio: 15.31 PB Ratio: 2.39 GF Score: 90/100
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Q2 2023 Grupo Comercial Chedraui SAB de CV Earnings Call Transcript

Jul 28, 2023 / 03:30PM GMT
Release Date Price: €5.2
Operator

Greetings. Welcome to Grupo Comercial Chedraui Second Quarter 2023 Conference Call. (Operator Instructions) Please note, this conference is being recorded. I would now like to turn the conference over to Mr. Antonio Chedraui, CEO. Thank you. You may begin.

Jose Antonio Chedraui Eguia
Grupo Comercial Chedraui, S.A.B. de C.V. - CEO & Director

Good morning. It is a pleasure to be with you today to discuss Grupo Chedraui's results for the second quarter of 2023. I am pleased to report that our positive trends continued in the past quarter. Our commitment to delivering exceptional customer experience and executing our pricing strategy has allowed us to successfully achieve our objectives.

During the second quarter, we witnessed remarkable growth in Mexico, surpassing the overall market performance and simultaneously enhancing profitability through effective operating leverage. In the U.S., our customer-centric approach has played a pivotal role in driving sustained revenue growth while improving profitability through synergies derived from the

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