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Viña Concha y Toro (CONCHATORO) investor relations material
Viña Concha y Toro Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Disciplined execution and cost efficiencies in 2Q26 led to gross margin expansion and improved profitability, with net income rising 2.1% YoY to CLP $19,407M despite sales declining 4.7% YoY.
Stronger sales performance in main markets, especially Brazil and Mexico, with stabilization in Chile and moderation in other regions.
The company expects continued improvement in 2H26, driven by operational efficiencies, portfolio strength, and normalization in the US market.
Financial highlights
2Q26 consolidated sales: CLP $233,282M (-4.7% YoY); EBITDA: CLP $35,161M (-5.5% YoY); net income: CLP $19,407M (+2.1% YoY); EBITDA margin: 15.1%; net margin: 8.3%.
1H26 consolidated sales: CLP $425,895M (-6.2% YoY); EBITDA: CLP $58,919M (-13.4% YoY); net income: CLP $28,186M (-14.0% YoY); EBITDA margin: 13.8%; net margin: 6.6%.
Operating income (EBIT) for 1H26 fell 17.1% YoY; operating margin (EBIT margin) for 1H26 decreased by 130 bps YoY to 10.9%.
Gross margin improved to 40.0% in 2Q26 (+50 bps YoY) due to cost efficiencies.
Earnings per share in 2Q26 rose 6.1% YoY to CLP $27.3, aided by a share buyback.
Outlook and guidance
Management anticipates stronger results in 2H26 versus 2025, supported by ongoing cost discipline, operational improvements, and positive trends in key markets.
US market expected to recover as distribution normalizes and inventory adjustments subside.
- Sales and profit fell, but premiumization and efficiency gains support a positive outlook.CONCHATORO
Q1 2026 - Net income up 263% and EBITDA more than doubled, led by premiumization and strong key markets.CONCHATORO
Q2 2024 - Premiumization and cost discipline drove profit growth and margin gains amid global volatility.CONCHATORO
Q1 2025 - Sales and net income surged, driven by premiumization and margin expansion.CONCHATORO
Q3 2024 - Net profit jumped 79.5% on 14.5% sales growth, with margin expansion and global brand strength.CONCHATORO
Q4 2024 - Premiumization drove sales growth, but higher costs and taxes reduced margins and net income.CONCHATORO
Q2 2025 - Premiumization and global expansion drove double-digit profit growth and margin gains in 3Q25.CONCHATORO
Q3 2025 - Premiumization and international growth lifted sales 1.7%, but net profit dropped 13.2%.CONCHATORO
Q4 2025
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