Daily Coffee Report 6/23/26
Daily coffee report
StoneX Coffee Team
- Coffee
Procafecol’s Juan Valdez’s Net Profits Fall in First Quarter on the Year
By: Diana Delgado, Contractor
Procafecol’s Juan Valdez’s Net Profits Fall in First Quarter on the Year
Coffee Network (Bogotá) – Promotora de Café de Colombia (Procafecol), operator of Colombia’s Juan Valdez coffee shop chain, posted lower net profit in the first quarter from a year earlier, amid signs of a slowdown in the Colombian economy and the increase of minimum wage in Colombia.
The company closed the first quarter with 679 active stores, including 374 in Colombia and 305 abroad, as well as a presence in 17,896 retail points across supermarkets and large-format stores in Colombia and international markets, Procafecol said in a filing to Colombia’s financial regulator.
Revenue from ordinary activities rose 22.9% year on year to COP237.166 billion ($64.272 million), up from COP193.036 billion in the same period of 2025.
Operating profit fell to COP18.946 billion from COP21.839 billion a year earlier, while net profit declined to COP7.297 billion from COP8.095 billion.
Despite the decline in earnings, the company said it delivered solid results in a volatile global and domestic environment, supported by consistent execution across its commercial channels and continued strengthening of the Juan Valdez brand in Colombia and abroad.
Globally, economic conditions were affected by rising geopolitical tensions in the Middle East, which disrupted energy markets, alongside a weaker US dollar and slowing US economic activity. US inflation remained at 3.1%, above the Federal Reserve’s 2% target, weighing on consumer demand expectations.
In Colombia, economic growth slowed to an estimated 2.4% as of March 2026, according to the Economic Monitoring Indicator (ISE), down 0.2 percentage points from year-end 2025. Inflation reached 5.6% in March, up 0.5 percentage points from first-quarter 2025, partly driven by a 23% increase in the minimum wage and adverse weather conditions that lifted food prices.
In response, Colombia’s central bank raised its benchmark interest rate by 200 basis points from December 2025 levels to 11.25%.
Procafecol also pointed to the impact of Ecuador’s tariffs on Colombian goods, which affected the agro-industrial and food sectors, while the Colombian peso appreciated 5.8% during the first quarter, weighing on exporters.
“Against this backdrop, PROCAFECOL S.A. delivered outstanding results, demonstrating its ability to adapt to a volatile and uncertain environment,” the company said.
The LATAM cluster — comprising Colombia and Central and South America, excluding Mexico — posted sales of COP217.851 billion, up 24.4% year on year.
Sales in the rest of Latin America rose 32.1% to COP30.049 billion, supported by the formalization of COPEC’s entry as majority partner in Promotora Chilena de Café de Colombia to accelerate expansion in Chile. The company also opened seven stores during the quarter, marking a regional record, and secured product placement in Brazil’s OBA and Pão de Açúcar supermarket chains.
The NOAM cluster, which includes Canada, the United States, and Mexico, generated sales of COP9.830 billion, up 1.7% from a year earlier, driven by stronger packaged coffee demand in Mexico and the United States, broader supermarket distribution, and stronger transaction volumes at coffee shops.
Meanwhile, the EURASIA cluster reported sales of COP4.109 billion, up 17.7% year on year. Key milestones included a distribution agreement with Spain’s Grupo Lux to strengthen the mass-consumption channel, participation in the Gulfood trade fair in Dubai alongside Buencafé, and attendance at the Saudi Franchise Expo in Riyadh. Procafecol also launched a strategic partnership with one of the UAE’s leading distributors to expand its supermarket and institutional presence.
In Colombia, the company’s store channel generated sales of COP124.449 billion, up 10.4% from first-quarter 2025, supported by higher average ticket values. As of February, Juan Valdez stores maintained their leadership position in the coffee shop category, according to GIG Latam.
Procafecol ended the quarter with 109,651 traditional-channel customers in Colombia.
Operating margin stood at 8% in the first quarter, pressured by higher international coffee prices. The company said the impact was partially offset by efficiencies in operating and administrative expenses.
Procafecol said it remains exposed to risks associated with coffee prices, exchange rates, and interest rates, and continues to use derivative financial instruments to hedge against fluctuations in coffee prices and foreign exchange exposure.
By Diana Delgado
Source: Procafecol’s figures submitted to financial regulator
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Daily Coffee Report 6/22/26
Daily coffee report
StoneX Coffee Team
- Coffee
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