Organización Soriana, S. A. B. De C. V. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 10:28 am EDT
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Organización Soriana, S. A. B. de C. V. reported consolidated earnings results for the first quarter ended March 31, 2020. For the quarter, total revenue was MXN 38,755 million against MXN 35,255 million reported a year ago. Net consolidated income was MXN 697 million against MXN 748 million reported 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. 
