Alsea reports solid growth of 14.7% in Same Store Sales during the Full Year 2023 and 12.1% during the 4Q23

  • Same-Store Sales (SSS):

  • Total sales* increased 10.7% for the full year and 7.8% for the fourth quarter; excluding the exchange rate effect reported sales grew 19.7% and 13.8%, respectively

  • 7.5 million active** users in loyalty programs

  • EBITDA* increased 22.3% for the full year and 25.9% for the fourth quarter, surpassing $10,600 and $3,100 million pesos in each period, respectively

  • Net Income for 2023 reached $2.6 billion pesos, a 49.7% increase over 2022

  • EPS*** was $3.15 for the full year 2023, a 45.2% increase compared to the previous year

  • The Net Debt / EBITDA* leverage ratio reached 1.9x at the end of 2023

  • The Company closed the year with more than 4,600 units

 
*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.
*** EPS is calculated using Net Income (excluding IFRS 16 and restatement) divided by the annual weighted average number of shares outstanding for the last 12 months.
 

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 and fast casual 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, 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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