Cencosud Shares Tumble 35% as Strategic Plan Fails to Lift Earnings
Updated
Updated · Bloomberg · Jul 10
Cencosud Shares Tumble 35% as Strategic Plan Fails to Lift Earnings
1 articles · Updated · Bloomberg · Jul 10
Summary
Cencosud has become the worst performer in Chile’s IPSA index over the past 12 months, with its shares down 35% more than a year after launching a new strategic plan.
That slide reflects investor frustration that the overhaul has yet to translate into stronger earnings, prompting the retailer to ask shareholders for patience.
Across Latin American peers tracked by Bloomberg, Cencosud has delivered the second-worst returns in the same period, trailing only Brazil’s Grupo Mateus.
The drop has erased gains from early last year, underscoring how quickly confidence in the turnaround has faded.