Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Mexico
  4. Mexican Stock Exchange
  5. Alsea, S.A.B. de C.V.
  6. News
  7. Summary
    ALSEA *   MXP001391012

ALSEA, S.A.B. DE C.V.

(ALSEA *)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mexico's Alsea beats net profit estimates in 2021 rebound

10/28/2021 | 05:21pm EST

MEXICO CITY, Oct 28 (Reuters) - Mexican restaurant operator Alsea on Thursday reported net profit of 173 million pesos ($8.4 million) in the third quarter, far outdoing analyst estimates as it credited a rebound in sales after the pandemic's toll on the dining industry.

The company, which operates franchises of coffee chain Starbucks as well as Domino's Pizza, Burger King and others, posted a loss in the third quarter last year.

The improvement was due to lower costs resulting from "the recovery in sales after reduced restrictive measures related to the pandemic," Chief Executive Alberto Torrado said in a statement.

The company posted revenue in the July-to-September period of 13.96 billion pesos, in line with analyst estimates and up from 9.9 billion pesos a year earlier.

As in previous quarters, Starbucks and Domino's Pizza saw some of the best growth across Alsea's markets.

Alsea's sales from delivery orders increased 18%, representing nearly a fifth of total sales. Torrado said the company expected deliveries would stay strong even after COVID-19 restrictions are completely lifted.

"The pandemic has generated a permanent change," he said.

The company noted it was still working to pull past the effects of the pandemic, especially in its casual and family restaurants.

Alsea began the year with a loss in the first few months, before turning a profit in the second and third quarters.

"We are working hard to recover traffic," Torrado said. "We are sure that as people go back to work in their offices ... the company figures will improve, contributing to growth in the last quarter of the year."

($1 = 20.6420 pesos at end-September) (Reporting by Daina Beth Solomon and Noe Torres; Editing by Alistair Bell and Stephen Coates)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALSEA, S.A.B. DE C.V. -4.84% 39.93 End-of-day quote.5.22%
STARBUCKS CORPORATION 0.62% 96.31 Delayed Quote.-17.66%
All news about ALSEA, S.A.B. DE C.V.
01/19Mexico's Cuervo, Femsa among companies well-positioned for '22 -Barclays
RE
2021Mexico's Alsea beats net profit estimates in 2021 rebound
RE
2021Alsea, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months En..
CI
2021Food Service Project, S.L. announced that it has received funding from Alia Capital Par..
CI
2021ALSEA B DE C : Mexico's Alsea plans to open 150 new stores by end of 2022
RE
2021Mexico's Alsea posts surprise quarterly profit, defying expectations
RE
2021Alsea, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 20..
CI
2021Mexico's Alsea taps successor to chief executive Torrado
RE
2021Alsea Announces Earnings Results for the First Quarter of 2021
CI
2021STARBUCKS : Mexico's Alsea posts quarterly loss, praises Starbucks comeback
RE
More news
Financials
Sales 2021 51 966 M 2 540 M 2 540 M
Net income 2021 -179 M -8,74 M -8,74 M
Net Debt 2021 50 528 M 2 470 M 2 470 M
P/E ratio 2021 -187x
Yield 2021 -
Capitalization 33 484 M 1 637 M 1 637 M
EV / Sales 2021 1,62x
EV / Sales 2022 1,38x
Nbr of Employees 68 322
Free-Float -
Chart ALSEA, S.A.B. DE C.V.
Duration : Period :
Alsea, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALSEA, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 39,93 MXN
Average target price 43,57 MXN
Spread / Average Target 9,12%
EPS Revisions
Managers and Directors
Alberto Torrado MartÝnez Chairman & Chief Executive Officer
Rafael Contreras Grosskelwing Chief Financial Officer
Salvador Aponte Escalante Chief Information Officer
Fabißn Gerardo Gosselin Castro Independent Director
Leon Kraig Eskenazi Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ALSEA, S.A.B. DE C.V.5.22%1 637
MCDONALD'S CORPORATION-5.03%190 241
CHIPOTLE MEXICAN GRILL, INC.-21.16%38 782
YUM! BRANDS, INC.-10.53%36 419
YUM CHINA HOLDINGS, INC.-8.37%19 553
RESTAURANT BRANDS INTERNATIONAL INC.-8.72%17 452