CMR, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 23, 2023 at 12:40 pm EST
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CMR, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MXN 919.77 million compared to MXN 830.23 million a year ago. Net income was MXN 23.65 million compared to net loss of MXN 3.19 million a year ago. Basic earnings per share from continuing operations was MXN 0.0431 compared to basic loss per share from continuing operations of MXN 0.0116 a year ago. Diluted earnings per share from continuing operations was MXN 0.0431 compared to diluted loss per share from continuing operations of MXN 0.0116 a year ago.
For the full year, sales was MXN 3,346.05 million compared to MXN 2,658.5 million a year ago. Net income was MXN 17.46 million compared to net loss of MXN 168.28 million a year ago. Basic earnings per share from continuing operations was MXN 0.0318 compared to basic loss per share from continuing operations of MXN 0.3068 a year ago. Diluted earnings per share from continuing operations was MXN 0.0318 compared to diluted loss per share from continuing operations of MXN 0.3068 a year ago.
CMR SAB de CV is a Mexico-based company primarily engaged in the management of restaurants. The Company's activities are divided into two business segments: Restaurants and Rental. The Restaurants division is responsible for the operation of fast food and Mexican restaurants under a range of brand names, such as Wings, La Calle, Fonda Mexicana, Chili's, Olive Garden, La Destileria, El Lago, Red Lobster, The Capital Grille, LongHorn Steakhouse and Bistro Chapultepec. The Rental segment includes leasing of commercial real estate. The Company operates in Mexico through Centro Restaurantero Mexicano SA de CV, Gastronomia Especializada SA de CV, Operadora Wings SA de CV and Conturmex SA de CV, among others.
CMR, S.A.B. DE C.V. 
