Grupo Comercial Chedraui. de Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Grupo Comercial Chedraui. de (BMV:CHDRAUIB) Third Quarter 2024 Results

Key Financial Results

• Revenue: Mex$71.9b (up 12% from 3Q 2023).
• Net income: Mex$1.46b (down 23% from 3Q 2023).
• Profit margin: 2.0% (down from 2.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: Mex$1.52 (down from Mex$1.95 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grupo Comercial Chedraui. de Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Consumer Retailing industry in Mexico.

Performance of the Mexican Consumer Retailing industry.

The company's shares are down 3.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Grupo Comercial Chedraui. de's balance sheet and an in-depth analysis of the company's financial position.

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