Organización Soriana (SORIANA) Q2 2026 earnings summary

Executive summary

• Total revenues for Q2 2026 were $43,559 million MXN, a decrease of 4.9% year-over-year.

• Same-store sales declined 4.5% in Q2 2026 and 3.9% for the first half of the year.

• Net income for Q2 2026 reached $1,090 million MXN, up 46.8% year-over-year.

• Accumulated net income for the first half was $1,924 million MXN, a 33.5% increase year-over-year.

Financial highlights

• Gross profit for Q2 2026 was $10,640 million MXN, with a margin of 24.4%, down 2.9% year-over-year but with a 50 bp margin expansion.

• EBITDA for Q2 2026 was $2,886 million MXN, margin of 6.6%, down 4.3% year-over-year.

• Operating expenses decreased 1.2% year-over-year in Q2, representing 18.0% of revenues.

• Net financial cost decreased 31.3% year-over-year to $477 million MXN in Q2.

Outlook and guidance

• Continued focus on cost control and operational efficiency, with ongoing austerity and productivity programs.

• Ongoing investments in store remodels, new store construction, and equipment upgrades.