Dear Shareholders
We thanks our shareholders for the trust they have placed in the Board of Directors, as well as for the invaluable support and guidance they give us year after year, significant actions that drive Chedraui to continue meeting its mission of "provide our customers with outstanding value by offering the products they desire at the lowest possible price".
About Chedraui
Grupo Comercial Chedraui, S.A.B. de C.V., mainly known as Chedraui, is a leading company in the Food Retail sector, in which it participates by means of its divisions in Mexico and the United States, in addition to owning a Real Estate division to operate shopping centers.
Operating and financial performance
In 2019, consolidated sales grew 11.6% YoY, driven by the net incorporation of 9 stores in Mexico and the 1.7% increase in SSS in dollar terms posted by El Super of USA Retail segment.
Code of Ethics
One of our paramount pillars is our solid ethical values that have allowed us to achieve sustainable growth as soon as our inception. To this end, we clearly define in our Code of Ethics the principles of conduct by which all our employees, as well as any service provider who has a business relation with us, must abide.
