CMR, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 11:54 am EDT
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CMR, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 903.73 million compared to MXN 870.61 million a year ago. Net income was MXN 32.86 million compared to MXN 18.37 million a year ago. Basic earnings per share from continuing operations was MXN 0.0599 compared to MXN 0.0336 a year ago. Diluted earnings per share from continuing operations was MXN 0.0599 compared to MXN 0.0336 a year ago.
For the six months, sales was MXN 1,743.9 million compared to MXN 1,594.3 million a year ago. Net income was MXN 30.63 million compared to net loss of MXN 10.43 million a year ago. Basic earnings per share from continuing operations was MXN 0.0558 compared to basic loss per share from continuing operations of MXN 0.0189 a year ago. Diluted earnings per share from continuing operations was MXN 0.0558 compared to diluted loss per share from continuing operations of MXN 0.0189 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. 
