- In line with the new strategic plan launched in 2025, which drives a comprehensive transformation key to the Company’s future, a productivity plan was implemented to simplify structures, optimize processes and strengthen competitive capacity.
- In a challenging environment in the region, Cencosud recorded revenue growth due to sales expansion in most markets, driven by the strength of the online channel, private labels and the integration of new stores.
- Adjusted EBITDA for this quarter had an extraordinary effect related to the Productivity Plan. Excluding this effect and the adjustment for hyperinflation, Adjusted EBITDA reached CLP 333,233 million (USD 347 million).
SANTIAGO, Chile–(BUSINESS WIRE)–Cencosud reported a 5.1% year-over-year increase in revenue during the third quarter of 2025, driven by a solid performance across its operations. When excluding the effect of hyperinflation in Argentina, sales growth rose to 6.1% compared to the same period last year.
In 2025, Cencosud launched a new strategic plan aimed at driving comprehensive transformation and representing a key investment for the future. Its goal is to evolve into a simpler, more agile, and synergistic organization. In this regard, the company implemented a productivity plan featuring initiatives that simplify structures, optimize processes, and strengthen its competitive capacity. These actions resulted in extraordinary expenses that affected quarterly results but aim to foster more profitable growth in the medium and long term.
Despite a challenging regional environment, Cencosud achieved revenue growth. Colombia stood out with the highest sales increase since 2022, driven by format adaptation and a renewed business plan. In Chile, sales grew consistently across all formats, mainly supported by online supermarket growth and higher sales in Department Stores. In Argentina, operations grew above inflation, thanks to the strong performance of Jumbo and Private Label brands. In the United States, sales expanded due to a 15.4% YoY increase in online sales and contributions from new stores. Peru maintained growth in revenue, driven by a 27.8% YoY rise in online sales and B2B development through Metro Almacén. In Brazil, sequential improvement in Same Store Sales (SSS) and the opening of a new Prezunic store in Rio de Janeiro were highlighted.
“We continue to strongly drive our new Strategic Plan, while accelerating organic expansion and strengthening our value propositions through new store openings, expansions, and renovations of stores and shopping centers, thus reinforcing our regional presence,” said Cencosud’s CEO, Rodrigo Larraín.
Adjusted consolidated EBITDA decreased due to accounting effects associated with hyperinflation in Argentina and extraordinary expenses tied to the productivity plan. Excluding these factors, Adjusted EBITDA reached CLP 333,233 million (USD 347 million), representing a 2.4% decline versus the third quarter of the previous year.
In Brazil, Adjusted EBITDA grew at a double-digit rate, while in Peru and the United States, it was boosted by cost control measures and continued development of the company’s value proposition. Colombia also achieved a positive Adjusted EBITDA compared to the same quarter of the prior year. Meanwhile, Chile and Argentina saw decreases in Adjusted EBITDA, mainly due to expenses related to the productivity plan and higher overall costs.
Net income for the quarter totaled CLP 8,694 million (USD 9 million), a roughly 90% drop compared to the same period in 2024. This was primarily due to productivity plan expenses, higher financial costs linked to Argentina’s hyperinflation, and the impact of year-over-year exchange rate variations. Although this challenging context affected quarterly distributable profit, Cencosud showed resilience and progress in its strategy, making adjustments to formats and value propositions while maintaining focus on customers and service quality. As a result, accumulated distributable profit for the year reached CLP 136,536 million (USD 142 million), up 41.4% from 2024.
Finally, during the quarter, Cencosud completed the acquisition of the remaining 33% of The Fresh Market, reaching 100% ownership, thereby accelerating the integration of the specialty supermarket chain in the U.S. This milestone strengthens Cencosud’s presence in the country and its international expansion strategy.
“In a challenging environment, the quarter’s results reflect progress in our strategy, with adjustments to formats and value propositions, always keeping our focus on customers and service quality,” concluded Rodrigo Larraín.
About Cencosud
Cencosud, whose purpose is to serve extraordinarily in every moment, is one of the largest and most prestigious retailers in the Americas. It operates in six countries, with over 115,000 employees, 1,446 retail stores, and more than 3.5 million m² of sales area. Its multi-format strategy spans Supermarkets, Home Improvement, Department Stores, Shopping Centers, and Financial Services. Additionally, it drives innovative business lines such as Cencosud Media and Private Labels, integrating technology to enhance the customer experience.
Contacts
José Tomás Martínez
[email protected]
+56 9 8905 7972
