Corporativo Fragua Q2 FY26 net income falls 1.9% to MXN 1.22 billion
Reuters2026/07/29 22:41- Corporativo Fragua posted Q2 2026 net income of MXN 1.22 billion, down 1.9% year over year.
- Net sales rose 6.5% to MXN 34.95 billion, while same-store sales increased 3.4% from a year earlier.
- Operating profit fell 7.4% to MXN 2.1 billion, as operating expenses climbed to MXN 7.05 billion from MXN 6.41 billion.
- Opened 57 stores in the quarter, lifting the chain to 3,084 locations across 511 cities; selling area grew 4.2% to 1,182,864 sq. meters.
- Management cited higher labor costs tied to a double-digit minimum-wage increase, while reaffirming an accelerated expansion plan targeting 120 new stores by year-end.
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