Organización Soriana, S. A. B. De C. V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 26, 2021 at 10:12 am EST
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Organización Soriana, S. A. B. de C. V. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MXN 40,961.742 million compared to MXN 41,930.178 million a year ago. Operating income was MXN 3,015.458 million compared to MXN 3,142.458 million a year ago. Net income was MXN 1,602.114 million compared to MXN 1,163.225 million a year ago. For the full year, sales was MXN 157,053.000 million compared to MXN 155,744.000 million a year ago. Operating income was MXN 9,091.349 million compared to MXN 9,212.772 million a year ago. Net income was MXN 3,680.683 million compared to MXN 3,235.176 million a year ago.
Organizacion Soriana SAB de CV is a Mexico-based company primarily engaged in the food retail sector. The Company focuses on the development and management of a network of supermarkets, grocery and discount stores. It retails food, apparel, automotive accessories, sport goods, hardware, garden tools, toys, personal care products and electronic devices, among others. It operates stores under various brand names, such as Soriana Hiper and Mega hypermarkets, Soriana Super and Comercial Mexicana supermarkets, Soriana Express and Super City grocery stores, Soriana Mercado and Bodega discount supermarkets, as well as City Club membership clubs. Furthermore, it offers online shopping and delivery services through Soriana e-commerce platform. The Company operates through a range of subsidiaries, such as Centros Comerciales Soriana SA de CV and Tiendas de Descuento Monterrey SA de CV.
ORGANIZACIÓN SORIANA, S. A. B. DE C. V. 
