Mexico City, April 27th, 2022. 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 first quarter of 2022. 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.
First Quarter 2022 Results and Highlights:
- In 1Q22, Alsea reported 5 quarters of sustained sales and positive EBITDA growth in all regions
- Same-Store Sales (SSS):
- Home delivery sales continued to grow, with a 13.1% increase vs. 1Q21, reaching over 3 billion pesos and a 20.2% share of consolidated sales
- EBITDA:
- Net Income for 1Q22 was 512 million pesos, an increase of 981 million pesos compared to 1Q21, with a net margin of 3.4%
- Successfully issued a $300 million Euro bond to refinance debt, and ended 1Q22 with long-term debt making up 89% of the total, and a solid cash position
- In 1Q22, capital expenditure reached 712 million pesos, supporting the opening of 27 corporate units
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Investor Relations Contact Details
Salvador Villaseñor
ri@alsea.com.mx
+52 (55) 7583-2000