Earnings Report /
Mexico

Chedraui: CHDRAUI, Quarterly Report 2Q21: Concludes acquisition of Smart & Final

  • Revenues faced a high comparable base, particularly in the US, partially offset by a remarkable advance in Mexico's SSS

  • Smart & Final's acquisition by Bodega Latina stood out, positioning Chedraui as the second largest chain in the country

  • However, Smart & Final's transaction poses challenges in terms of profitability and leverage

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Juan Barbier
Juan Barbier

Equity Research Analyst

Banorte
3 August 2021
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