Covering the Mexican Economy, Actinver Research

Actinver

Our product offering is based on award winning forecasts and a deep understanding of artificial intelligence tools. 
We cover the Mexican economy with in-depth sector and state knowledge, as well as the integration with the U.S., providing high added value studies. 
To provide comprehensive coverage, we analyze the main macroeconomic variables, sectors, indexes and market information. 
Through solid statistical and computational tools we generate targeted investment strategies for clients with advanced investment profiles such as pension funds, hedge funds and others.

Covering the Mexican Economy

Actinver Research

Actinver is a mexican leading financial group, that generates well being for individuals and companies through advisory services that provides investment management to maintain and grow their wealth.

Equity Bottom-Up

<ul>
<li>Revenues grew 11.8% YoY, 1.4% above our estimates, supported by healthy performance in Mexico and FX tailwinds from the U.S. operations.</li>
<li>SSS of 4.9% in Mexico were in line with our estimates, supported by ticket and traffic growth, and ahead of ANTAD for a consecutive 17th quarter, yet underperforming in the U.S. at 0.5%.</li>
<li>In the U.S., mid-single-digit SSS in El Super and Fiesta Mart formats were mostly offset by a decrease in Smart &amp; Final.</li>
</ul>


Revenues grew 11.8% YoY, 1.4% above our estimates, supported by healthy performance in Mexico and FX tailwinds from the U.S. operations.
SSS of 4.9% in Mexico were in line with our estimates, supported by ticket and traffic growth, and ahead of ANTAD for a consecutive 17th quarter, yet underperforming in the U.S. at 0.5%.
In the U.S., mid-single-digit SSS in El Super and Fiesta Mart formats were mostly offset by a decrease in Smart &amp; Final.


Actinver Research - Chedraui 3Q24: Mostly In-Line Results Excluding One-Offs (Quick View)