Grupo Sports World, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 23, 2024 at 05:41 am EST
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Grupo Sports World, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MXN 468.65 million compared to MXN 367.93 million a year ago. Net income was MXN 55.34 million compared to net loss of MXN 17.15 million a year ago.
For the full year, sales was MXN 1,780.84 million compared to MXN 1,307.66 million a year ago. Net income was MXN 125.4 million compared to net loss of MXN 296.31 million a year ago. Basic earnings per share from continuing operations was MXN 0.56 compared to basic loss per share from continuing operations of MXN 2.4 a year ago.
Grupo Sports World SAB de CV is a Mexico-based company engaged, together with its subsidiaries, in the management of a network of membership fitness and wellness centers, which operate under such names as Sports World Club, SW Gym Plus, Fitkidz, In Shape, Sports World Fit and SW Gym, among others. The Company has operations established in such cities as Tijuana, Hermosillo, Monterrey, Veracruz and Puebla. As of December 31, 2011, the Company owned such subsidiaries as Operadora y Administradora SW SA de CV and Grupo Concentrador de Servicios SA de CV, and Nexxus Capital SA de CV was its major shareholder with 20.34% of its interest. In August 2013, the Company's new club, SW Reforma Rhin, has initiated its operations.
GRUPO SPORTS WORLD, S.A.B. DE C.V. 
