Alsea reports sales of 17,666 million pesos during the first quarter of 2023

  • Same-Store Sales (SSS):

  • Total sales increased 16% in the first quarter of the year
  • Same-Store Orders increased by 12% compared to 1Q22
  • The Company reached over 3 billion pesos in home delivery sales, with more than 11 million orders, and a 17% share of consolidated sales during the first quarter of 2023
  • Digital sales (E-Commerce, Aggregators, & Loyalty) represented 30% of Alsea’s Total Sales, reaching 5.0 billion pesos, with a solid growth of 23% vs. the previous year
  • EBITDA* increased 23.6% vs. 1Q22, with a margin of 13.1%
  • At the end of the first quarter, net income* increased by 41.1%, reaching 564 million pesos
  • The Total Debt/ EBITDA leverage ratio* reached 2.88x at the end of the quarter
  • During 1Q23, 4.9 million shares were repurchased with the intention of canceling them

*Excluding IFRS 16 effects, as well as effects related to the restatement for hyperinflation in Argentina. 

 

Miranda Newswire – Full Press Release: Download PDF

 

Contact Details

Nadia Vizcaíno

Mario Páez

mario.paez@alsea.com.mx

55 2737 1981

 
Forward-Looking Statements
This press release contains certain forward-looking information regarding the Company’s results and outlook. However, actual results may vary materially from these estimates. Information on future events contained in this release should be read jointly with the risk summary in the Annual Report. This information, as well as future reports made by the Company or any of its representatives, whether verbally or in writing, may vary significantly from actual results. These projections and estimates, which are prepared in reference to a determined date, should not be taken as fact. The Company is in no way liable for updating or revising any of these projections and estimates, whether as a result of new information, future events or other associated events.
About Alsea
Alsea is the leading restaurant operator in Latin America and Europe of global brands in the quick service, coffee shop, fast casual, casual and family dining segments. It has a diversified portfolio, with brands such as Domino’s Pizza, Starbucks, Burger King, Chili’s, P.F. Chang’s, Italianni’s, The Cheesecake Factory, Vips, Vips Smart, El Portón, Archies, Foster’s Hollywood, Gino’s, TGI Fridays, Ole Mole and Corazón de Barro. The company operates more than 4,400 units in Mexico, Spain, Argentina, Chile, Colombia, France, Portugal, Netherlands, Belgium, Luxembourg and Uruguay. Alsea’s business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain. For more information please visit: www.alsea.com.mx

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