Alsea, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 01:16 am EDT
Share
Alsea, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 12,477.368 million compared to MXN 5,197.777 million a year ago. Operating income was MXN 858.939 million compared to operating loss of MXN 2,984.792 million a year ago. Net income was MXN 139.001 million compared to net loss of MXN 2,595.447 million a year ago. For the half year, sales was MXN 22,689.082 million compared to MXN 17,302.867 million a year ago. Operating income was MXN 897.179 million compared to operating loss of MXN 2,510.936 million a year ago. Net loss was MXN 173.108 million compared to MXN 2,875.924 million 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. 
