Grupo Éxito 3Q 2026 Net Income Drops 15.5% Year-on-Year
Medellin-based multinational supermarket giant Grupo Éxito annoucned November 10 a 15.5% year-on-year decline in third quarter (3Q) 2026 profitability, at COP$120.8 billion (US$36 million) versus COP$143 billion (US$43 million) net income for 3Q 2025.
Sales also declined 5% year-on-year, to COP$4.7 trillion (US$1.4 billion) in 3Q 2026 versus COP$4.98 trillion (US$1.5 billion) in 3Q 2025.
Despite the dip in sales and profits, earnings before interest, taxes, depreciation and amortization (EBITDA) for 3Q 2026 actually rose 2.1%, to COP$448 billion (US$135 million), according to the company.
As for nine-months 2026 results, profits are up 14% year-on-year, while EBITDA has risen 9.2%. However, sales are down 0.8% so far this year, according to Grupo Éxito.
Once excluding the unfavorable rise in the value of the Colombian peso versus the U.S. dollar, “consolidated revenue reached COP$15.8 trillion [US$4.77 billion] in the first nine months of the year, representing 2.8% growth . . . with Colombia serving as the primary driver of this revenue,” according to the company.
“Colombia and Uruguay continued to improve their profitability, while Argentina showed concrete signs of recovery, posting positive recurring EBITDA and a greater contribution from real estate operations during the third quarter [2026],” according to Éxito.
“While we know that significant challenges still lie ahead, we remain confident in our strategy [and] the strength of our business ecosystem,” added Grupo Éxito President Carlos Calleja.
