Cencosud saw its profits tumble in the first quarter as the Chilean retail giant incurred loan costs related to the acquisition of Carrefour’s Colombian assets.

Earnings in the three months to the end of March fell to CLP20.21bn (US$41.1m). This compared to earnings of CLP56.87bn a year earlier. Operating profit in the period was down 11.8% to CLP117.41bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Revenue, however, was up 14% to CLP2.47trn, driven by the consolidation of the Colombian supermarket operation, as well as positive same-store-sales in almost every division and country. The retailer added 179 stores in the quarter, with an increase of 24% in selling space. Supermarket revenues were up 15.3%, reaching CLP1.86tr.

Despite the profit decline, CEO Daniel Rodriguez said the company will look to focus on “integration and efficiency” in its recent acquisitions going forward, while continuing the process of deleveraging to further strengthen its balance sheet.

Click here to view the full earnings release.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now