Q3 2023 Grupo Comercial Chedraui SAB de CV Earnings Call Transcript
Good morning to all participants, and welcome to the Grupo Comercial Chedraui's Third Quarter 2023 Conference Call. 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, Grupo Chedraui CFO; and Arturo Velazquez, IRO for the company. We will begin the call with the initial comments on Grupo Comercial Chedraui's third quarter financial results by the company's CEO, Mr. Jose Antonio Chedraui.
Good morning to all, and welcome to our presentation of Grupo Comercial Chedraui's third quarter 2023 results. I am pleased to report that we continued to thrive in Q3 due to better-than-expected private consumption trends in Mexico and the U.S. This is despite a foreign exchange impact on our consolidated sales caused by the appreciation of the Mexican peso against the U.S. dollar in the last 12 months. Nonetheless, our profitability continues to improve as a result of a
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