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

© Stocksak.

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)

News Source and Credit

Stocksak Editorial

We are a financial blog that covers topics such as investing, saving, spending, and earning more money. Please feel free to peruse our site and read any of the articles that catch your interest.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button