Mexico City, March 13, 2024 – Alsea, S.A.B. de C.V. (BMV: ALSEA*) “Alsea”, the leading Quick Service Restaurant (QSR), Coffee Shop and Full Service Restaurant operator in Latin America and Europe, announces its 2024 guidance:
Federico Rodríguez, Alsea’s Chief Financial Officer, commented: “In 2024, we will continue to prioritize organic growth, leveraging the strength of our brands and aiming to achieve an above 10% increase in consolidated sales. This will be driven by same-store sales growth in the range of 7% to 9%, as well as a plan to open between 250 and 300 new units.
Regarding EBITDA, we estimate double-digit growth (>11%) with a pre-IRFS16 margin greater than or equal to 14.2%, considering a capital investment of approximately 6 billion pesos. We remain committed to preserving financial stability, aiming to end the year with a Total Debt to EBITDA ratio of around 2.5 times (excluding the impact of IFRS 16).
We will continue to grow sales through various commercial strategies and product innovations, emphasizing operational excellence, the improved service of our units, and the implementation of new digital tools to attract and retain customers. This will allow us to deliver solid results that optimize value for our shareholders.”
Miranda Newswire – Full Press Release: Download PDF
Investor Relations Contact:
Gerardo Lozoya Latapi
Nicolas Espinoza Meneses
Investor Relations
Telephone: +52 (55) 7583-2000 | ri@alsea.com.mx
Press Contact:
Nadia Vizcaíno