Corporativo Fragua (FRAGUAB) Q2 2026 earnings summary

Executive summary

• Total and same-store sales increased year-over-year in the second quarter, with continued expansion into four new cities and a sustained pace of store openings, reaching 3,084 locations by quarter-end.

• The company remains the largest pharmacy chain in Mexico by sales volume and national presence, with strengthened processes and operational efficiency.

Financial highlights

• Second quarter sales reached $34,951 million MXN, up 6.5% year-over-year; first half sales totaled $69,624 million MXN, a 6.8% increase.

• Same-store sales grew 3.4% year-over-year in Q2.

• Gross profit for the quarter was $8,163 million MXN, up 3.2% year-over-year; gross margin for the quarter was 23.4%, down from 24.1% last year.

• Operating income for the quarter was $2,100 million MXN, down 7.4% year-over-year; operating margin was 6.0%, compared to 6.9% last year.

• Net income for the quarter was $1,217 million MXN, a decrease of 1.9% year-over-year; net margin was 3.5%, down from 3.8%.

Outlook and guidance

• The expansion plan remains on track, targeting 120 new stores by year-end, with an average of one new store opening every three days.

• Construction of the new distribution center in Hermosillo is progressing as planned, with operations expected to begin by the end of 2027.