Grupo Sanborns, S.A.B. de C.V. announced consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenues of MXN 11,022 million against MXN 10,924 million a year ago. Operating income was MXN 939 million against MXN 2,266 million a year ago. Controlling net income was MXN 687 million against MXN 1,612 million a year ago. EBITDA was MXN 1,250 million against MXN 1,408 million a year ago. Income before taxes was MXN 975 million against MXN 2,298 million a year ago. Consolidated net income was MXN 721 million against MXN 1,655 million a year ago. Profit attributable to owners of parent company was MXN 687 million against MXN 1,612 million a year ago. The lower demand of discretionary goods and the closure of 28 stores after the earthquake affected consolidated same-store sales. Operating income and EBITDA decreased 16.5% and 11.2% due to higher expenses from depreciation coming from the expansion and remodeling program, higher electricity tariff and increases in NPLs and its provision. For the nine months, the company reported total revenues of MXN 33,760 million against MXN 32,012 million a year ago. Operating income was MXN 3,106 million against MXN 4,382 million a year ago. Controlling net income was MXN 2,298 million against MXN 2,925 million a year ago. EBITDA was MXN 4,044 million against MXN 4,063 million a year ago. Investments in CapEx totaled MXN 1,053 million. Income before taxes was MXN 3,262 million against MXN 4,455 million a year ago. Consolidated net income was MXN 2,416 million against MXN 3,123 million a year ago. Profit attributable to owners of parent company was MXN 2,298 million against MXN 2,925 million a year ago.