Alsea, S.A.B. De C.V. Reports Earnings Results for the First Quarter of 2019; Expects to Have At Least 300 Stores by the End of the Second Quarter 2019
May 02, 2019 at 12:00 pm EDT
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Alsea, S.A.B. de C.V. reported earnings results for the first quarter of 2019. For the quarter, the company's total sales growth of 24%. Net income was MXN 18 million. Total sales growth of 24%, driven by organic growth coupled with increase in sales related to the recent acquisitions which was partially offset by the FX impact.
The company will expects to have at least 300 stores by the end of the second quarter 2019.
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. Reports Earnings Results for the First Quarter of 2019; Expects to Have At Least 300 Stores by the End of the Second Quarter 2019
ALSEA, S.A.B. DE C.V. 
