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Stocksak: Mexico’s Alsea reports 83% increase in Q3 net profits


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MEXICO CITY (Stocksak – Mexican restaurant operator Alsea reported a 83% increase in its third quarter net profit to 316.7 million pesos ($15.7million). This was partly due to strong same-store sales.

The quarter’s revenue was 25% higher than the previous year, at 17.518 trillion pesos.

The company stated in a statement that its same store sales increased 30.5% over 3Q21, while its orders for the same store grew 17.9%.

Alsea, which owns franchises in many countries including Starbucks (NASDAQ:), Domino’s Pizza(NYSE:) and Burger King, earned 3.48 billion pesos before interest, taxes depreciation, and amortization (EBITDA), a 10.6% rise in earnings compared to the previous year.

Alsea, which announced it would invest $225,000,000 in Starbucks by 2026 to open 200 new Mexican shops, said last month.

($1 = 20.1271 pesos by end-September)

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Stocksak Editorial

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