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

Q4 2023 Grupo Comercial Chedraui SAB de CV Earnings Call Transcript

Feb 21, 2024 / 03:00PM GMT
Release Date Price: €6.7 (+1.52%)
Operator

Good morning to all participants, and welcome to the Grupo Comercial Chedraui fourth quarter 2023 conference call. Participating in the conference call today will be Mr. José Antonio Chedraui, CEO, Grupo Comercial Chedraui; Mr. Carlos Smith, CEO, Chedraui USA; Humberto Tafolla, Grupo Comercial Chedraui's CFO; and Arturo Velázquez, IRO for the company.

We will begin the call with additional comments on Grupo Comercial Chedraui fourth quarter financial results by the company CEO, Mr. José Antonio Chedraui, please go ahead.

JosÃ;Chedraui Grupo Comercial Chedraui SAB de CV;CEO

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Good morning to all, and welcome to our presentation of Grupo Chedraui's fourth quarter 2023 results. We're pleased to announce that Grupo Chedraui's fourth quarter and 2023 results met and in some cases exceeded the guidance we provided at the beginning of the year.

Our organic growth strategy continued with the opening of 57 stores in Mexico and 3 stores in the United States, closing the year with a total of 460 and 379 stores respectively.

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