SMU SA

SMU increased revenue in Q2 by 2.2% (H1 +2.1%), while net profit collapsed by 91% due to restructuring costs, lower disposal gains and higher interest expenses. Gross margin fell by 40 basis points in the quarter to 32% and EBITDA declined 2.3% in Q2, although H1 EBITDA improved. Sales improved toward the end of the quarter and in July/August; SMU expects a gross margin of about 32% for the rest of 2026 and is targeting an EBITDA margin of 8–8.5% in Q3 and 8.5% for the year. Management is reducing inventories and has executed 1% of the buyback program, but sees strong competitive pressure and margin-dampening effects from the switch to the Alvi format. » Más en de.investing.com

SMU posted Q1 2026 revenue up 2.1% to 59 billion CLP, driven by the Unimarc segment, while net profit fell 90% to 420 million CLP because of one‑off restructuring and tax adjustments. EBITDA rose 9.6% to 59 billion CLP and gross margin remained stable at around 32%. Online sales grew 19% thanks to omni‑channel expansion. Management expects an EBITDA margin of 8.0–8.5% for 2026 and plans to open 16 new stores in Chile and Peru. » Más en de.investing.com