Grupo Comercial Chedraui reported a resilient second quarter for 2026, headlined by a 1.3% growth in Mexican same-store sales that outperformed the broader market. Despite persistent currency headwinds and shifting migration patterns affecting its U.S. operations, the retailer maintained stable margins and continued its aggressive store expansion strategy.
By Money Talk·July 23, 2026·2 min read·1,153 reads
The company’s performance in Mexico marked the twenty-fourth consecutive quarter that its same-store sales outpaced the ANTAD self-service index, exceeding the industry benchmark by 142 basis points. This stability in Mexico helped anchor consolidated results, even as the retailer faced a 9.7% impact from the appreciation of the Mexican peso against the U.S. dollar.
In the United States, Chedraui faced transaction pressure linked to stricter immigration enforcement in key markets like California and Texas. CEO Antonio Chedraui noted that the company’s ability to navigate this environment relied on cost-control initiatives and operational gains, specifically citing efficiencies at the Rancho Cucamonga Distribution Center. These measures pushed the U.S. EBITDA margin up by 20 basis points to 8.5%.
Financial discipline remains a cornerstone of the firm’s current trajectory, with a net cash-to-EBITDA ratio of -0.09x as of June 30. Looking ahead, the company continues to prioritize physical presence, having opened 27 Supercitos and one Chedraui store in Mexico, alongside a new El Super location in the U.S. during the quarter. Consolidated net income reached 1,825 million pesos, reflecting a steady operational footing despite the broader macroeconomic volatility.
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