Alsea reports solid growth of 17.3% in Same Store Sales during the third quarter of 2023

  • Same-Store Sales (SSS):

  • Total sales* increased 8.8% in the third quarter of the year. Excluding exchange rate effects, growth would have been 18.5%

  • 7.5 million active users** in loyalty programs

  • EBITDA* increased 24.6% vs 3Q22, with a margin of 14.0%. Excluding exchange rate effects, growth would have been 33.7%

  • At the end of the third quarter, net income* increased by 60.5% compared to 3Q22, reaching $540 million pesos

  • EPS* was P$2.81, a growth of 47.7% compared to the same quarter of the previous year

  • The Net Debt / EBITDA* leverage ratio reached 2.14x at the end of the quarter

  • The company closed the quarter with the operation of more than 4,500 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 QSR and restaurant brands.

 

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, Archies, Foster’s Hollywood, Gino’s, TGI Fridays and Ole Mole. The company operates more than 4,400 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

Share our news:

LinkedIn
Twitter
WhatsApp
Email

Latest News

[hubspot type=form portal=6135587 id=ac859e78-dc50-4cb5-8405-98ba8832f825]