Grupo Comercial Chedraui 2024 Guidance

MEXICO CITY, Jan. 15, 2024 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B. de C.V. (Chedraui) announces its guidance for fiscal year 2024 in Mexico and the United States:

• The company's estimated sales growth for 2024, explained by the favorable performance of same-store sales and the opening of new stores in the United States and Mexico, is as follows:

Estimated Sales Growth

	Same Store Sales	Total Sales
Chedraui Mexico	6.0% - 7.0%	9.0% - 10.0%
Chedraui USA (US Dollars)	2.0% - 3.0%	3.5% - 4.5%

• Our internal operational efficiency plan is expected to mitigate pressure from higher labor costs; as such, EBITDA margin performance is expected as follows:

Estimated Performance EBITDA Margin (includes IFRS)

	Improvement in EBITDA margin
Consolidated	0 - 10 basis points (bps)
Chedraui Mexico	0 - 10 bps
Chedraui USA	0 - 10 bps
Real Estate Division	Flat

• CAPEX for 2024 is estimated to represent about 3.8% of consolidated sales. Salesfloor expansion in Mexico is estimated at 4.6% and 1.7% in the United States. For the Company as a whole, the sales floor is estimated to increase by 3.6%.

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SOURCE Grupo Comercial Chedraui, S.A.B. de C.V.