Chedraui expects to increase its sales in Mexico by 4.5% and open 144 new stores in 2025
Grupo Chedraui, the self-service store chain, estimates to increase its same-store sales by between 3.5 and 4.5% for its operations in Mexico this year, as stated in its “2025 Results Guide”.
The company anticipates more moderate growth in the United States, with a projected increase of between 2 and 3% in comparable sales.
Regarding total sales in local currency, Chedraui projects a growth of between 7.5 and 8.5% in Mexico, while in the United States, it expects an increase of between 3 and 4 percent.
The above, “follows the extraordinary growth in sales recorded in the last five years.”
Chedraui plans to open 144 new stores in both countries during 2025. In Mexico, it will open 5 Chedraui stores, 5 Super Chedraui stores, and 130 Supercitos units, while in the United States, it plans to open 3 new El Super establishments and 1 Fiesta Mart store.
“The Supercross format has faced a slower opening pace than expected, but the company plans to accelerate growth,” said Antonio Hernández, Mexican senior analyst at Actinver.
“These numbers are above our estimates, although the higher proportion of smaller format Supercitos leads to a fairly in-line sales guide,” he added.
Regarding the EBITDA margin, Chedraui projects an expansion of between 10 and 20 basis points in the consolidated. In regional terms, an expansion of 20 to 30 basis points is expected in its Chedraui USA operations.
In Mexico, it anticipates that commercial margins will remain stable or grow slightly by 10 basis points. In the real estate segment, margins are expected to remain unchanged.
“The internal operational efficiency plan will mitigate the pressure on expenses derived from higher labor costs,” said the supermarket chain.
Regarding the sales floor, Chedraui estimates it will grow 4.3% in Mexico and 1.3% in the United States.
Regarding its investments, the retail company projects a capital expenditure (CAPEX) equivalent to 3.4% of consolidated sales.
“Chedraui announced its forecasts for 2025, with a more cautious view of sales in Mexico, in line with the United States, and a better view of profitability compared to our estimates and consensus,” said Antonio Hernández.
The company will report its financial results for the fourth quarter of 2024 on February 18, 2025.
TYT Newsroom
