Alsea, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 27, 2023 at 09:56 pm EDT
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Alsea, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was MXN 17,665.65 million compared to MXN 15,228.17 million a year ago. Net income was MXN 588.23 million compared to MXN 525.44 million a year ago.
Basic earnings per share from continuing operations was MXN 0.7 compared to MXN 0.63 a year ago. Diluted earnings per share from continuing operations was MXN 0.7 compared to MXN 0.63 a year ago.
Alsea SAB de CV is a Mexico-based company primarily engaged in the foodservice sector. Its main activities include the operation of such reputed franchises as the Dominoâs Pizza, Burger King, California Pizza Kitchen, Chiliâs Grill & Bar, Italianniâs, Pei Wei Asian Diner and PF Changâs China Bistro fast-food restaurant chains, as well as the Starbucks Coffee coffeehouse chain. In addition, through Distribuidora e Importadora Alsea SA de CV, the Company provides logistics and food distribution services to its restaurants located in Mexico. The Company operates through a numerous subsidiaries, such as Cafe Sirena S de RL de CV, Operadora de Franquicias Alsea SA de CV, Operadora y Procesadora de Productos de Panificacion SA de CV, Gastrosur SA de CV and Especialistas en Restaurantes de Comida Estilo Asiatica SA de CV, among others. In May 2014, the Company acquired 100% stake in VIPs, the restaurant chain, which had belonged to Wal Mart de Mexico SAB de CV before.
ALSEA, S.A.B. DE C.V. 
