The supermarket company SMU – parent company of Unimarc, Alvi, and Super10 in Chile – reported a 3.9% increase in its EBITDA during the first half of 2026 compared to the same period last year, reaching $108,886 million.
Meanwhile, the company's revenues totaled $1,414,451 million, representing a 2.1% increase compared to the same period in 2025.
“The Unimarc format recorded a 1.9% increase; the supermarket business in Peru (with Mayorsa and Maxiahorro) grew by 19.9%; and the Alvi and Super10 price formats had a 0.4% increase. Additionally, online sales grew by 15% in the first half, driven by higher transactions on the proprietary platforms Unimarc.cl and Alvi.cl, along with a significant expansion in omnichannel coverage in 2026,” the company, linked to the Saieh family, owner also of Copesa, publisher of La Tercera, stated.
SMU's general manager, Marcelo Gálvez, said that “faced with a macroeconomic context of low consumption growth and high unemployment, we maintained our focus on creating value for our customers, implementing promotional campaigns designed to maximize their family budgets. We also improved the assortments of our formats to offer quality at affordable prices, especially through our private labels, which reached a penetration level of 14.3% in sales in the second quarter.”
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Supermarket company SMU – parent company of Unimarc, Alvi, and Super10 in Chile – reported a 3.9% increase in its EBITDA during the first half of 2026 compared to the same period last year, reaching 108,886 million pesos. Meanwhile, the company's revenues totaled 1,414,451 million pesos, representing a 2.1% increase compared to the same period in 2025. "The Unimarc format registered a 1.9% increase; the supermarket business in Peru (with Mayorsa and Maxiahorro) grew by 19.9%; and the Alvi and Super10 price formats had a 0.4% increase. Additionally, online sales grew by 15% in the first half, driven by higher transactions on the company's own platforms Unimarc.cl and Alvi.cl, along with significant expansion in omnichannel coverage in 2026," the company, linked to the Saieh family, owner of Copesa, publisher of La Tercera, stated. SMU's CEO, Marcelo Gálvez, said that "faced with a macroeconomic context of low consumption growth and high unemployment, we maintained focus on creating value for our customers, implementing promotional campaigns designed to maximize their family budgets. We also improved the assortments of our formats to offer quality at affordable prices, especially through our private labels, which reached a penetration level of 14.3% in sales in the second quarter." The company highlighted the sequential improvement of the Super10 and Alvi formats, which had decreased by 8.3% in the fourth quarter of 2025 and 0.6% in the first quarter of 2026, achieving a positive variation in the second quarter. Gálvez pointed out that this "positive trend reflects the favorable evolution in the performance of the stores we converted from Mayorista 10 last year. Initially, the conversion process involved interventions and assortment changes that affected the shopping experience. However, in recent periods, customers have been discovering and valuing the new value propositions, contributing to the maturation of the converted stores." The company's profits fell by 91%, from 19,162 million pesos to 1,708 million pesos in the first half of 2026. "Last year, SMU obtained higher gains from asset sales, and this year it recorded higher expenses due to organizational restructuring plans, which will contribute to savings in the coming periods," the company explained. SMU also highlighted that by the end of the first half, nearly half of the 16 openings planned for this year (as part of the 2026-2028 strategic plan) have materialized. During the first half, the company opened three Unimarc stores, two Super10, and two Maxiahorro. "Furthermore, growth in online sales reflects greater omnichannel coverage, as over the past year, the company added online operations in more than 100 additional communes," SMU said. NEWSLETTER Pulso PML Monday to Friday, 12:30 PM The most relevant in markets, companies, and business: timely information, context, and content to make better decisions. By subscribing, you accept La Tercera's Terms and Conditions and Privacy Policies.