Cencosud to invest USD 600 million in 2026 to strengthen its retail ecosystem and accelerate growth across all markets

BUENOS AIRES, Argentina--(BUSINESS WIRE)--In the city of Buenos Aires, Argentina, Cencosud presented its global business outlook and 2026 Investment Plan to the financial market during Cenco Day. On this occasion, the Company reaffirmed its commitment to profitable growth, disciplined capital allocation, and innovation across its key markets.

For 2026, the Company expects consolidated revenues of USD 18,413 million and adjusted EBITDA of USD 1,815 million, with double-digit margins in Chile, Peru and the United States, driven by operational improvements and expansion across all its markets.

Within this context, Cencosud announced an Investment Plan of approximately USD 600 million for 2026, a level similar to the previous year. Seventy percent of Capex will be allocated to growth initiatives, primarily the opening of new stores, renovations and expansions of shopping centers, as well as real estate developments on available land.

During 2026, the Company expects to open 20 new stores across various formats, adding more than 42,000 m² of sales floor space, including 17 supermarkets, 7 of which will be The Fresh Market stores in the United States. In addition, the Company will continue to advance its shopping center development and expansion plan, which will add more than 40,000 m² of GLA during 2026.

The remainder of Capex will be focused on strengthening the Retail Ecosystem, accelerating digital transformation, expanding e-commerce and the retail media business, and enhancing logistics and operational capabilities to generate sustainable long-term value.

“These investments will allow us to accelerate our organic growth, continue strengthening the customer experience, and further consolidate Cencosud’s value proposition in each of the markets where we operate. With this plan, we reaffirm our purpose of serving extraordinarily at every moment, our commitment to innovation and to creating sustainable value for our customers, employees and investors, as well as our optimistic outlook on future opportunities," said Rodrigo Larraín, CEO of Cencosud.

Immediately after the conclusion of the Cenco Day 2026 presentation, which was held in Buenos Aires for the first time, guests, together with Cencosud executives, will tour the Unicenter shopping mall and the Jumbo and Easy stores operating at the site.

About Cencosud

Cencosud, whose purpose is to serve extraordinarily at every moment, is one of the largest and most prestigious retailers in the Americas. It operates in six countries, with more than 115,000 employees, 1,446 stores, and over 3.5 million m² of sales area. Its multi-format strategy covers Supermarkets, Home Improvement Stores, Department Stores, Shopping Centers, and Financial Services. In addition, it promotes innovative business lines such as Cencosud Media and private label brands, integrating technology to enhance the customer experience.