{"id":3239,"date":"2026-05-09T00:39:00","date_gmt":"2026-05-08T22:39:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=24cf22f07530edfb1c8f7b86f738193b"},"modified":"2026-05-09T00:39:00","modified_gmt":"2026-05-08T22:39:00","slug":"cencosud-reports-first-quarter-results-with-significant-progress-in-consolidating-its-retail-ecosystem","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=3239","title":{"rendered":"Cencosud Reports First Quarter Results, with Significant Progress in Consolidating Its Retail Ecosystem"},"content":{"rendered":"<ul class=\"bwlistdisc\">\n<li>\n<b><i>The Company posted revenues of CLP 4,041,009 million (USD 4.565 billion) in the first quarter of 2026, representing a 0.2% year-over-year increase, mainly explained by foreign exchange effects that resulted in lower revenues in Chilean pesos from the Argentine operation.<\/i><\/b><\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b><i>Against a regional backdrop marked by global uncertainty and a demanding comparison base, the Company continued advancing its transformation plan, aimed at strengthening its value proposition, improving operational efficiency, and building solid foundations for future growth.<\/i><\/b><\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b><i>The online channel continued consolidating its position as a key business pillar, with double-digit growth in Peru and Colombia and a 15.6% penetration rate in Chile, mainly driven by the strengthening of the Prime loyalty program.<\/i><\/b><\/li>\n<\/ul><p>SANTIAGO, Chile--(BUSINESS WIRE)--Cencosud S.A. reported its financial results for the first quarter of 2026, during a period marked by heightened international uncertainty and competitive pressure. In this context, the Company maintained resilient performance across its core operations and continued executing its transformation plan, focused on strengthening its business model and laying solid foundations for long-term growth.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260508166074\/en\/2799955\/5\/Logo_Cencosud-RGB.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260508166074\/en\/2799955\/22\/Logo_Cencosud-RGB.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260508166074\/en\/2799955\/5\/Logo_Cencosud-RGB.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260508166074\/en\/2799955\/21\/Logo_Cencosud-RGB.jpg\" \/><\/a><p>\nIn terms of consolidated revenues, the Company reported a 0.2% year-over-year increase in the first quarter of 2026, reaching CLP 4,041,009 million (USD 4.565 billion). Excluding accounting adjustments associated with hyperinflation and foreign exchange effects in Argentina, consolidated revenues reached CLP 3,956,983 million (USD 4.470 billion), representing a 4.4% decrease versus the first quarter of the previous year.<\/p><p>\nNet income for the period totaled CLP 102,144 million (USD 115 million), representing a 19.2% decrease compared to the first quarter of 2025, mainly explained by foreign exchange variations and higher deferred taxes associated with Argentina\u2019s hyperinflation adjustment.<\/p><p>\nAdjusted EBITDA reached CLP 333,388 million (USD 377 million), a decrease of 11.4% versus the first quarter of 2025, with an Adjusted EBITDA margin of 8.3%. This variation was primarily driven by foreign exchange effects, lower sales in Department Stores and Home Improvement operations in Chile and Argentina, together with higher risk provisions in Argentina. Adjusted EBITDA excluding Argentina accounting adjustments reached CLP 343,959 million (USD 389 million), representing a 12.4% year-over-year decrease, with an Adjusted EBITDA margin of 8.7%.<\/p><p>\nDuring the first quarter of 2026, Cencosud continued advancing the implementation of its transformation plan, achieving meaningful progress in portfolio optimization, strengthening operational capabilities, and developing an increasingly integrated ecosystem.<\/p><p>\n<b><i>\u201cWe are managing short-term challenges with discipline while building the capabilities that will define Cencosud\u2019s future. While we recognize that these changes may have short-term impacts, these initiatives form the foundation of our growth strategy, enabling a more integrated, scalable, and customer-centric ecosystem, with increasingly personalized, synergistic, innovative, and agile value propositions across the region. Together with our robust investment plan focused on growth and technological capabilities, we remain fully confident in the future evolution of our businesses,\u201d<\/i><\/b> said Rodrigo Larra\u00edn, CEO of Cencosud.<\/p><p>\n<b>Quarterly Highlights in the United States:<\/b><\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwpadl0 bwwidth27\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>UNITED STATES<\/b><\/p><\/td><td class=\"bwpadl0\" colspan=\"2\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"2\" rowspan=\"1\"\/>\n<td class=\"bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"2\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0 bwwidth27\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n<b>Revenues<\/b><\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1Q26<\/b><\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1Q25<\/b><\/p><\/td><td class=\"bwvertalignt bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwalignc bwsinglebottom\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Var. %<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0 bwalignc bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>CLP MM<\/b><\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwalignc bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>%<\/b><\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwalignc bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>CLP MM<\/b><\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwalignc bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>%<\/b><\/p><\/td><td class=\"bwvertalignt bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>CLP \u2206 %<\/b><\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>LC \u2206 %<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth27\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSupermarkets<\/p><\/td><td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwvertalignb bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n504,834<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignr bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n12.8%<\/p><\/td><td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwvertalignb bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n538,218<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignr bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n13.0%<\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-6.2%<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.4%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwrowaltcolor1 bwwidth27\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Revenues<\/b><\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwalignr bwpadr0 bwvertalignb bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n<b>504,834\n<br\/><\/b><b>(USD MM 570)<\/b><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwrowaltcolor1 bwvertalignm bwalignr bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n<b>12.8%<\/b><\/p><\/td><td class=\"bwpadl0 bwrowaltcolor1 bwalignr bwpadr0 bwvertalignb bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n<b>538,218\n<br\/><\/b><b>(USD MM 608)<\/b><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwrowaltcolor1 bwvertalignm bwalignr bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n<b>13.0%<\/b><\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwalignc bwrowaltcolor1 bwvertalignm bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-6.2%<\/b><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwalignc bwrowaltcolor1 bwvertalignm bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>2.4%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth27\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>CLP MM<\/b><\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>Mg (%)<\/b><\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>CLP MM<\/b><\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>Mg (%)<\/b><\/p><\/td><td class=\"bwvertalignt bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>CLP \u2206 %<\/b><\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>LC \u2206 %<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth27\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adj. EBITDA<\/b><\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwrowaltcolor1 bwalignr bwpadr0 bwvertalignb bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n<b>49,664\n<br\/><\/b><b>(USD MM 56)<\/b><\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwvertalignm bwalignr bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n<b>9.8%<\/b><\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwrowaltcolor1 bwalignr bwpadr0 bwvertalignb bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n<b>54,978\n<br\/><\/b><b>(USD MM 62)<\/b><\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwvertalignm bwalignr bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\n<b>10.2%<\/b><\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignc bwrowaltcolor1 bwvertalignm bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-9.7%<\/b><\/p><\/td><td class=\"bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignc bwrowaltcolor1 bwvertalignm bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-1.4%<\/b><\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth58 bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>SSS (LC)<\/b><\/p><\/td><td class=\"bwwidth20 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1Q26<\/b><\/p><\/td><td class=\"bwwidth20 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1Q25<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth58 bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSupermarkets<\/p><\/td><td class=\"bwwidth20 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n-2.7%<\/p><\/td><td class=\"bwwidth20 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3.7%<\/p><\/td><\/tr>\n<\/table><p>\n<b>Supermarkets<\/b><\/p><p>\n<b>Revenue<\/b> increased 2.4% in USD and decreased 6.2% in CLP year-over-year. The improvement compared to 1Q25 was mainly driven by growth in the online channel (+13.0% year-on-year) and the contribution from stores opened over the last 12 months. During the quarter, The Fresh Market opened four new stores: two in Miami and one in Pittsburgh, and reopened a remodeled store in Hendersonville, after a 24-month closure caused by hurricane-related damage.<\/p><p>\n<b>Adjusted<\/b> <b>EBITDA <\/b>decreased 1.4% in LC and 9.7% in CLP YoY, mainly driven by a slight contraction in gross margin and one-off expenses from store openings.<\/p><p>\n<b><span class=\"bwuline\">About Cencosud<\/span><\/b><\/p><p>\n<b>Cencosud<\/b>, whose purpose is to serve customers extraordinarily at every moment, is one of the largest and most prestigious retailers in the Americas. The Company operates in six countries, with more than 115,000 employees, 1,446 retail stores, and over 3.5 million square meters of selling space. Its multi-format strategy spans Supermarkets, Home Improvement, Department Stores, Shopping Centers, and Financial Services. The Company also drives innovative business lines such as Cencosud Media and Private Labels, leveraging technology to enhance the customer experience.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\nJos\u00e9 Tom\u00e1s Mart\u00ednez\n<br\/><a  href=\"mailto:jose.martinezvinagre@cencosud.cl\" rel=\"nofollow\" shape=\"rect\">jose.martinezvinagre@cencosud.cl<\/a><br\/>+56 9 8905 7972<\/p>","protected":false},"excerpt":{"rendered":"<p>The Company posted revenues of CLP 4,041,009 million (USD 4.565 billion) in the first quarter of 2026, representing a 0.2% year-over-year increase, mainly explained by foreign exchange effects that resulted in lower revenues in Chilean pesos from the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3239","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3239"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3239\/revisions"}],"predecessor-version":[{"id":3240,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3239\/revisions\/3240"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}