Mexico City, October 28th, 2021. Today, Alsea, S.A.B. de C.V. (BMV: ALSEA*), the leading Quick Service Restaurant (QSR), Coffee Shop, Casual Dining and Family Restaurant operator in Latin America and Europe, released its results for the third quarter of 2021. This information is presented in nominal terms pursuant to International Financial Reporting Standards (IFRS). The comments presented in this report include the effect of IFRS 16, as well as the effect regarding restatement due to hyperinflation in Argentina.
Third Quarter 2021 Results and Highlights:
- Alsea reported sustained sales growth for 9 consecutive months and positive EBITDA in all regions during the third quarter 2021
- Same-Store Sales (SSS) growth for the third quarter of 2021 was 41.6%, compared to 3Q20, and 1.4% compared to 3Q19
- Home delivery sales continued to grow despite the return of dine-in consumption, increasing by 18.0% vs. 3Q20, reaching over 2.7 billion pesos with a 19.9% share of consolidated sales, and 10.5 million orders in the third quarter of 2021
- EBITDA growth in the third quarter of 2021 was 49.2% compared to 3Q20, with a margin of 22.5% in 3Q21, reaching 90.6% of 3Q19’s reported EBITDA
- Net Profit in 3Q21 increased by 146.1%, compared to 3Q20, and by 18.0% vs. 3Q19
- Alsea increased its stake in Alsea Europe by 10.5%, to 76.8%, with an investment of 55.4 million euros
- The Company posted a cash balance of 3.6 billion pesos at the end of the third quarter, even after the 55.4 million euros investment in Alsea Europe
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Investor Relations Contact Details
Salvador Villaseñor
ri@alsea.com.mx
+52 (55) 7583-2000