Alsea Reports Same Store Sales Growth of 10.1% in 1Q24

alsea
  • Same-Store Sales (SSS):

  • Total Sales* increased 2.7% in the first quarter; excluding exchange rate effects, sales grew 12.2%.

  • Digital sales (E-Commerce, Aggregators & Loyalty) accounted for 30.3% of Alsea’s total sales, reaching $5.5 billion pesos, with a solid growth of 24.3%.

  • 7.8 million active** users in loyalty programs.

  • EBITDA* increased 12.4%, with a margin of 14.3%.

  • The Net Debt / EBITDA* leverage ratio reached 2.03x at the end of the quarter.

 
*Excluding the effect of IFRS 16, as well as the effect related to the restatement for hyperinflation in Argentina.
**Active users: last 90 days for Starbucks and 180 days for the other formats.

 

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

Mario Páez

mario.paez@alsea.com.mx

55 2737 1981

 

About Alsea
Alsea is the leading restaurant operator in Latin America and Europe of global brands in the quick service, coffee shop and full-service 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, Archies, Foster’s Hollywood, Gino’s and TGI Fridays. The company operates more than 4,600 units in Mexico, Spain, Argentina, Chile, Colombia, France, Portugal, Netherlands, Belgium, Luxembourg, Uruguay and Paraguay. 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
Their shares are traded on the Mexican Stock Exchange under the ticker symbol ALSEA*

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