The Patagonian chain closed the semester with net income of $ 1.1 billion, 5.49% less than last year. While supermarkets and refrigerators fell, credit cards increased by 95.91%.
The Anonymous, one of the main supermarket chains of the country, with a strong presence in the south, closed the last semester of 2024 with net income of $ 1,123,569 million, which represents a 5.49% drop compared to the same period of the period of the previous year. This decrease reflects the impact of consumption retractionwhich directly affected their main businesses: supermarkets and the refrigerator sector, responsible for 92% and 7.5% of the total turnover, respectively. While sales in supermarkets fell 6% and those of the refrigerator segment 1.1%, The financial segment, led by credit cards, was the only one in growth, with an increase of 95.91% in income.
Paradoxically, the financial business, which barely represents 0.4% of the total income, stood out in a semester marked by the decline in consumption. Through its subsidiary sea cards, the anonymous achieved significant growth in this area thanks to the increase in consumption financing, driven by the need of customers to resort to credit in the face of the deterioration of their purchasing power. However, this growth also implied risks, since the position for Financiera incoverable amounted to $ 2,151 million, compared to the $ 1.8 billion of the same period of the previous year.
Retail chains are increasingly betting on the financial business in a crisis context, since families borrow for basic purchases such as supermarket. Even with their credit cards, supermarkets offer payments in three installments and financing that are sometimes higher than those of the banking system.
Anyway and in front of this panorama, the company implemented a rigorous cost reduction plan. In his report, he stressed that Labor costs were reduced by 19.86% thanks to “Adjustments in staffing at branches with lower demand and optimization of work shifts”. In addition, total operating expenses decreased a 9.92%which included lower costs in rentals, fees and services, and greater efficiency in logistics and the online channel.
Within this framework, as can be seen from the memory of his last balance, from the anonymous risk a more promising future, at least for the supermarket sector and they detail it: “We continue to receive a recovery of consumption and estimate that it will continue from The hand of the greatest purchasing power of wages, the decrease in food inflation and a greater offer of bank promotions and consumer credit. Specifically in the province of Neuquén and in part of the province of Río Negro we perceive a greater acceleration of consumption influenced mainly by the impact of developments in Vaca Muerta. “
Meanwhile, and despite the advancement of a recoveryThe company says that in the refrigerator segment it does not glimpse “major changes due to the decrease in domestic consumption and international prices.”
Source: Ambito
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