Mexican restaurant operator Alsea reports higher 3rd-qtr profit

Reuters

(In second paragraph, corrects profit figures for both latestand year-ago quarters to millions of pesos, not billions)

MEXICO CITY, Oct 17 (Reuters) - Mexican restaurant operatorAlsea, which runs Domino's Pizza and Burger King in Mexico, saidon Thursday its third-quarter profit more than doubled as salesrose in tandem with cafe and restaurant openings.

The company, which also operates the Starbuckscoffee chain in Mexico, Chile and Argentina and Colombia,reported a quarterly profit of 183.8 million pesos ($13.97million), compared with 84.3 million pesos in the year-earlierperiod.

Alsea said net sales rose 16.6 percent to 4.082 billionpesos.

Alsea said it opened 229 units in the last year across LatinAmerica.

In September, Alsea announced its 8.2 billion peso ($626.96million) purchase of Wal-Mart de Mexico's restaurant unit.

($1 = 13.1524 pesos at end of September) (Editing by Richard Chang)

Rates

View Comments (0)