SMU, the supermarket company and parent company of Unimarc, Alvi and Super10 in Chile, and Mayorsa and Maxiahorro in Peru, reported its financial results for the first half of 2026 on Monday, posting EBITDA of CLP 108.886 billion, up 3.9% compared to the same period of the previous year. Revenue totaled CLP 1.414451 trillion, representing a 2.1% increase compared to the same period of 2025, driven by 2.3% growth in the Unimarc format.

SMU CEO Marcelo Gálvez said, “Against a macroeconomic backdrop of low consumption growth and high unemployment, we remained focused on creating value for our customers by implementing promotional campaigns designed to help them make the most of their household budgets. We also improved the product assortments across our formats to offer quality at competitive prices, particularly through our private-label products, which reached a 14.3% share of sales in the second quarter.”

The company also highlighted a 15% increase in online sales and 13% growth in revenue from its operations in Peru, as well as the sequential improvement in its value-oriented Super10 and Alvi formats. Sales in these formats had declined by 8.3% in the fourth quarter of 2025 and by 0.6% in the first quarter of 2026, before posting positive growth of 0.4% in the second quarter.

Regarding the improvement in Super10 and Alvi, Gálvez added, “The positive trend reflects the favorable evolution in the performance of the stores we converted from Mayorista 10 last year. Initially, the conversion process involved store interventions and assortment changes that affected the shopping experience. However, in more recent periods, customers have increasingly discovered and valued the new value propositions, contributing to the maturation of the converted stores.”

SMU’s CEO also highlighted the low growth in operating expenses, which remained below inflation despite the increase in the number of stores, as a reflection of the positive results of the operational efficiency initiatives implemented by the company.

SMU’s net income for the first half of 2026 was 91% lower than in the same period of 2025 due to extraordinary non-operating effects. Last year, SMU recorded higher gains from asset sales, while this year it incurred higher expenses related to organizational restructuring plans, which are expected to generate savings in future periods.

Regarding the implementation of its 2026–2028 strategic plan, nearly half of the 16 new store openings scheduled for this year have already been completed. During the first half of the year, the company opened three Unimarc stores, two Super10 stores and two Maxiahorro stores. In addition, growth in online sales reflects the expansion of the company’s omnichannel coverage, as SMU added online operations in more than 100 additional municipalities over the past year.