- Business
- La Comer, S.A.B. de C.V. (LCMRF) operates as a premium food retailer in Mexico, focusing on self-service stores that target medium- to high-income consumers with superior perishables, gourmet selections and an enhanced shopping experience. The company runs 89 stores across four formats--La Comer, with sales areas of 4,000 to 7,500 square meters offering groceries, general merchandise, household appliances, Xpressa Café, prepared foods and fine pastry; City Market, featuring 3,000 to 5,000 square meters of gourmet wines, cheeses, meats, imported groceries, organic products, exclusive international brand agreements, tapas, seafood, chocolate, ice cream, coffee and cakes in sophisticated atmospheres; Fresko, providing neighborhood markets of 1,500 to 4,000 square meters emphasizing fresh perishables, kosher and organic items for quick purchases; and Sumesa--alongside proprietary brands including Golden Hills and KePrecio for sundries, Pet's Club for pet food and accessories, Farmacom for pharmacy products, Lafite for electronics and tablets; it also offers e-commerce via La Comer en tu Casa home delivery, marketing campaigns such as Temporada Naranja, Miércoles de Plaza and ¿Vas al Super o a La Comer?, ready-to-eat meals, bakery items, alcohol, soft drinks and restaurant services at Jajalpa. Headquartered in Mexico City at Avenida Insurgentes Sur 1517 Modulo 2, San Jose Insurgentes, the company traces its roots to over 60 years in the market and formally commenced operations on January 1, 2016, following a spin-off from Comercial Mexicana where it retained 54 differentiated stores while Soriana acquired 143 others; it maintains three distribution centers in Mexico City, Guadalajara and Monterrey, 46 real estate units covering 62% of sales area plus 395 commercial leasing spaces, and approximately 17,500 employees, with roughly 50% of stores in the Mexico City metropolitan area and operations extending to major cities nationwide. Recent developments include expansion to 89 stores and 404,721 square meters of sales area by December 2024 from 84 stores the prior year, delivering 9.9% total sales growth and 5.5% same-store sales growth in 4Q24 alongside 6.0% client growth to 22.5 million; ongoing e-commerce enhancements and new strategies through 2024; an aggressive store opening plan targeting over 100 locations by year-end 2026 with 71% in La Comer format; and sustained outperformance of food retail sector same-store sales growth, supported by 43.3 billion pesos in 2024 net sales, 29.3% gross margins and 10.4% EBITDA margins.