Alsea, S.A.B. De C.V. Announces Earnings Results for the Fourth Quarter and Full Year 2020
February 26, 2021 at 10:00 am EST
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Alsea, S.A.B. de C.V. announced earnings results for the fourth quarter and full year 2020. For the fourth quarter, sales were up 13% compared to the third quarter of 2020. Positive impact of MXN 362 million of net income.
In spite of the impact on sales, the company able to achieve MXN 38.2 billion in sales for the year 2020. For the full year, the impact was positive MXN 522 million, also positive on net income, which represent 13.6% of the year net loss.
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. 
