CMR, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 28, 2022 at 01:14 am EDT
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CMR, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 831.99 million compared to MXN 684 million a year ago. Net income was MXN 4.18 million compared to net loss of MXN 41.22 million a year ago.
For the nine months, sales was MXN 2,426.29 million compared to MXN 1,828.27 million a year ago. Net loss was MXN 6.19 million compared to MXN 165.1 million 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. 
