Business · Companies · 9 hrs ago
Soriana's third-quarter profit fell 19% as sales weakened
Mexican retailer Soriana's third-quarter net profit fell 19% to 473 million pesos compared with the same period a year earlier.
The supermarket chain ended September with 801 stores, 18 fewer than a year earlier, and its retail floor space was down 2.3%.
The net reduction does not necessarily mean 18 stores closed, because Soriana's figures also reflect openings, renovations and changes in store format.
Sales at stores open for more than a year fell 3.6%, showing that weaker sales were not only due to having a smaller network.
Lower sales also weighed on operating results, while costs took a larger share of revenue despite lower operating spending during the quarter.
For the first nine months, net profit rose 18.3%, helped by lower financing costs, even as revenue and comparable-store sales declined.
Soriana invested in two new stores, renovations and equipment, but it gave no breakdown of spending by category.
Soriana’s net profit fell 19% to 473 million pesos in the third quarter compared with a year earlier.
Revenue weakened, with same-store sales down 3.6%.
The company’s operating result fell to 1.266 billion pesos, and its EBITDA margin declined to 5.7% from 5.9%.
Soriana ended September with 801 stores in its main formats, down from 819 a year earlier.
For January through September, net profit rose 18.3% to 2.397 billion pesos, despite lower revenue and same-store sales.
- Who
- Soriana, the Mexican retail company.
- What
- Its third-quarter net profit fell 19% year over year to 473 million pesos.
- When
- The third quarter of 2026; the report was published on October 30, 2026.
- Where
- Mexico. The report covers Soriana’s store network, but does not specify a location for the financial results.
- Why
- Weaker sales contributed to the decline; the tax provision also increased. The article does not state a single specific cause.
This story does not have two clearly opposing sides.
Soriana recorded net profit of 2.397 billion pesos, up 18.3% from the same period in 2025.
Net profit fell to 473 million pesos, while same-store sales declined 3.6%.
Soriana ended the month with 801 stores in its main formats, compared with 819 a year earlier.
Expansión MX published its report on Soriana’s third-quarter results.
- Third-quarter net profit
- 473 million pesos, down 19% year over year
- Third-quarter same-store sales
- Down 3.6%
- Operating result
- 1.266 billion pesos, down from 1.468 billion pesos
- Stores at September close
- 801 in Soriana’s Híper, Súper, Mercado, Express and City Club formats
- Nine-month net profit
- 2.397 billion pesos, up 18.3% year over year
- Nine-month revenue
- 124.836 billion pesos, down 3.9%