Grupo Palacio de Hierro, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 01:45 pm EDT
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Grupo Palacio de Hierro, 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 11,726.56 million compared to MXN 10,236.39 million a year ago. Net income was MXN 650.98 million compared to MXN 587.5 million a year ago. Basic earnings per share from continuing operations was MXN 1.76 compared to MXN 1.59 a year ago. Diluted earnings per share from continuing operations was MXN 1.76 compared to MXN 1.59 a year ago.
For the six months, sales was MXN 22,319.01 million compared to MXN 19,192.23 million a year ago. Net income was MXN 1,005.81 million compared to MXN 755.79 million a year ago. Basic earnings per share from continuing operations was MXN 2.74 compared to MXN 2.06 a year ago. Diluted earnings per share from continuing operations was MXN 2.74 compared to MXN 2.06 a year ago.
Grupo Palacio de Hierro SAB De CV is a Mexico-based holding company primarily engaged in the retail sector. The Companyâs main activities include the operation of a network of department stores, outlets, home furnishing and accessories stores, Boutiques Palacio, boutiques, independent restaurants, bistros, restaurant-stores, travel agencies and beauty clinics; as well as a number of restaurants and travel agencies integrated in some of the stores. The Company is also involved in the real estate, through the management and operation of shopping centers located in Coyoacan, Polanco, Puebla and Monterrey. In addition, it offers sales financing services and consumer credits to its clients.
GRUPO PALACIO DE HIERRO, S.A.B. DE C.V. 
