Cencosud stock reports a weak second quarter

Published on 10/04/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cencosud stock was last at CLP 1,899.90 on October 2, while Q2 adjusted EBITDA fell 12.3 percent year over year. Analysts see a CLP 2,691.82 target.

Cencosud, CL0000000100, Illustration mit AI erstellt.

Cencosud stock (ISIN CL0000000100) was last at CLP 1,899.90 on the Santiago Stock Exchange on October 2, 2026, up 0.52 percent during the session. The latest operating update showed a difficult second quarter, with revenue of CLP 4.1 trillion down 1.2 percent year over year, according to the Yahoo Finance transcript dated August 7, 2026.

Q2 pressure reaches profitability

Adjusted EBITDA fell to CLP 329 billion in Q2 2026, a 12.3 percent year-over-year decline. Reported net income was a loss of CLP 18 billion, with management attributing the result to foreign exchange effects, inflation-linked debt costs and transformation expenses, as reported in the Yahoo Finance transcript.

The result was uneven across the portfolio. Online sales grew 14.6 percent year over year across the region, while Prime membership increased 31.3 percent. Chilean supermarket EBITDA margin stood at 10.5 percent, marking the 27th consecutive quarter above 10 percent, according to Yahoo Finance.

Analysts see room above CLP 2,691.82

The consensus picture remains neutral. A group of 11 analysts assigns Cencosud a Neutral rating, with an average 12-month price target of CLP 2,691.82, a high target of CLP 3,520 and a low target of CLP 1,970, according to Investing.com on September 25, 2026. The average target lies 41.7 percent above the October 2 price, making the earnings recovery the central condition behind that valuation.

Management pointed to stronger digital activity and improving trends in several markets, but the current numbers show the cost of the transformation. Adjusted EBITDA declined 12.3 percent even as online sales expanded 14.6 percent, leaving investors with a clear split between customer engagement and near-term profitability.

Next results date is November 5

Cencosud is scheduled to publish its next earnings report on November 5, 2026, according to TradingView. That date gives the market a defined checkpoint for whether digital growth, store remodeling and efficiency measures can improve the margin trend.

Stock remains below its yearly high

Cencosud was last at CLP 1,899.90 on Santiago on October 2, 2026, with a 52-week range of CLP 1,862.20 to CLP 3,238 and market capitalization of CLP 5.2 trillion. The stock therefore remains 41.4 percent below its 52-week high, while the next earnings report provides the next quantified test of the recovery story.