Cencosud reports 6.4% revenue growth in Peru in Q2

Chilean retail group Cencosud reported that its Peruvian operations posted a 6.4% increase in revenue during the second quarter. Adjusted EBITDA in Peru rose 11.8%, driven by supermarket performance, commercial efficiency gains, and contributions from its shopping center division.

Across the region, consolidated revenue reached $4,552 million, with adjusted EBITDA of $342 million. However, the retailer recorded a quarterly net loss of $20.1 million, weighed down by higher financial costs from inflation-indexed debt, foreign exchange effects, and one-off productivity program expenses.

Operationally, Argentina increased its supermarket market share, while Chilean operations proved resilient. During the quarter, Cencosud completed the acquisitions of Makro in Colombia and St. Marché in Brazil. In Chile, the company opened its first Don Salva discount stores and announced upcoming Santa Isabel openings in the south.

E-commerce sales expanded 14.6% year-on-year to account for 12.2% of consolidated sales. Subscribers to Prime loyalty programs rose 31.3%, bringing active loyalty members to a record 31 million across six countries as the group advances organizational platform integration.