Cencosud posts Q2 loss as tech overhaul and non‑operational costs weigh on earnings

Cencosud SA reported a second‑quarter loss of 36.455 billion Chilean pesos, mainly from non‑operational items such as higher debt costs adjusted for inflation, adverse currency movements and 17.038 billion pesos of extraordinary expenses linked to productivity programmes. Revenue fell 1.8% year‑on‑year to 4.094 billion pesos. CEO Rodrigo Larraín said the company faces a slowed market and aggressive competition, especially in Chile, but expressed confidence that the second half of the year will see a recovery. CFO Andres Neely referenced the 2026 guidance set earlier in the year and noted that the remaining part of the year offers better prospects. A separate analysis highlighted that the company’s strategic transformation and technology investments, intended to drive future growth, contributed to the quarterly deficit as the costs of the overhaul were incurred in this period.