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Alsea, S.A.B. de C.V. (ALSSF)

4.2000

0.0000

(0.00%)

At close: April 24 at 11:56 AM EDT

UPDATE 2-Profits for restaurant operator Alsea slide by a third, missing expectations

Fast-food chain operator Alsea reported on Tuesday a 34% fall in its first-quarter net profit, driven mainly by foreign exchange swings and weaker consumption in some of its markets. Alsea, which operates chain restaurants and cafes including Starbucks, Burger King and Domino's Pizza , also reported a 3% rise in quarterly revenue compared with the same period last year to total 18.2 billion pesos.

Reuters 3 days ago

ALSEA.MX
UPDATE 2-Restaurant operator Alsea to boost investments 27% in 2024

Mexico's Alsea, which operates chains such as Domino's Pizza and Starbucks, plans to invest six billion pesos ($358.85 million) into the business this year, up 27% from 2023 spending, the firm's chief financial officer said on Wednesday. Nearly half of that will go toward opening new locations, with 25% to be spent on maintenance, 15% on remodeling and another 15% on digitalization, CFO Federico Rodriguez said at the company's investor day event. More than half of the spending will be concentrated in Mexico, Rodriguez added.

Reuters last month

ALSEA.MX

SBUX
Restaurant operator Alsea plans to top 5,000 stores this year

Mexico's Alsea, which operates chains such as Domino's Pizza and Starbucks, plans to surpass the 5,000-store mark by the end of this year, the firm's chief executive officer said on Wednesday. "We operate more than 4,600 stores and our plan is to surpass the 5,000 store milestone by the end of the year," said CEO Armando Torrado, speaking at the firm's investor day.

Reuters last month

ALSEA.MX
UPDATE 1-Alsea sees 2024 like for like sales growth in high single digits

Mexican restaurant chain operator Alsea sees like for like sales growth in the high single digits in 2024, its Europe finance chief Federico Rodriguez said on Tuesday. Rodriguez, who Alsea announced earlier on Tuesday would take over as the company's chief financial officer in March, made the comment a day after Alsea announced a 37% jump in fourth-quarter net profit on the back of an uptick in sales. Shares in Alsea in Mexico's main stock index were up over 3% in early trading on Tuesday.

Reuters last month

ALSEA.MX
Alsea sees like for like growth in high single digits in the coming year

Mexican restaurant chain operator Alsea sees like for like sales growth in the high single digits in the coming year, the company's Europe finance chief Federico Rodriguez said on Tuesday. The company, which said it would provide further guidance at a March 13 event in Mexico City, announced earlier on Tuesday that Rodriguez would become Alsea's chief financial officer in March.

Reuters last month

ALSEA.MX
UPDATE 3-Restaurant operator Alsea's profit jumps nearly 40% on improved consumer trends

Mexican restaurant chain operator Alsea on Monday posted a 37% jump in its net profit for the last three months of 2023, citing an uptick in sales linked to better consumer trends. The company's net profit touched 1.05 billion pesos ($62 million). Alsea, which operates chain stores including Starbucks , Burger King and Domino's Pizza, also reported quarterly net revenue up 8% to 19.88 billion pesos year-on-year.

Reuters last month

ALSEA.MX
UPDATE 1-Restaurant operator Alsea budgets higher Mexican labor costs

The head of Mexico-based restaurant chain operator Alsea on Wednesday warned of higher Mexican labor costs next year, but said the firm would look to maintain profits without hiking its prices. "We cannot compensate with prices," CEO Armando Torrado told analysts on a call, saying a proposal to cut Mexico's working week to 40 hours - which is being discussed by Mexico's Congress and could come into force by April - could push the company to negotiate better prices with raw material suppliers. "We cannot lose any margins so we need to work in other areas," Torrado said, adding more disposable income for Mexicans nationwide could boost its restaurant sales.

Reuters 5 months ago

ALSEA.MX
EMERGING MARKETS-Latam equities muted as investors assess earnings; copper producers FX gain

* Santander Brasil's Q3 net profit falls 12.5% * Mexico's Alsea posts quarterly net profit surge * Brazil's WEG slumps as Q3 shows fading revenue growth * Chile's peso, Peru's sol in bright spots * EM equities flat, FX down 0.1% By Johann M Cherian Oct 25 (Reuters) - Most Latin American stocks were muted on Wednesday as investors assessed corporate earnings from Brazil and Mexico, while currencies of copper producers in the region climbed after top-consumer China stepped up fiscal stimulus. MSCI's gauge for Latin American equities was little changed while a basket of regional currencies shed 0.1% against the dollar.

Reuters 5 months ago

ALSEA.MX

^MXX
UPDATE 2-Mexico fast-food operator Alsea posts Q3 net profit surge led by Mexico sales

Mexican restaurant chain operator Alsea on Tuesday posted a 56% jump in net profit for the third quarter, boosted by particularly strong sales in its Mexico stores and a drop in some commodity prices. Net profit hit 495 million pesos ($28 million), fueled by a robust expansion strategy. Alsea, which operates chain stores including Starbucks , Burger King and Domino's Pizza, said revenues were up 11% in the quarter from a year earlier to 19.5 billion pesos, above forecasts by analysts polled by LSEG.

Reuters 5 months ago

ALSEA.MX
UPDATE 2-Alsea expects European power costs to ease, says close to supply deal

The chief executive of Mexico-based restaurant chain operator Alsea on Thursday said the company is close to sealing a deal on electricity supplies for its stores in Europe, where high energy costs have bitten into company earnings. "There are some big renewable projects in Europe," Armando Torrado said in a call with analysts, without specifying which power supplier Alsea, which operates chain stores such as Starbucks and Burger King, was in talks with. Lower power costs should mean Alsea's European segment has stronger results this year, Torrado said, while prices for food staples such as coffee, cheese and wheat should drop.

Reuters 8 months ago

KW=F

KC=F

ALSEA.MX

Performance Overview

Return	ALSSF	S&P/BMV IPC
YTD	+12.90%	+0.78%
1-Year	+71.43%	+6.37%
3-Year	+134.64%	+17.81%

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Alsea, S.A.B. de C.V. (ALSSF)

UPDATE 2-Profits for restaurant operator Alsea slide by a third, missing expectations

UPDATE 2-Restaurant operator Alsea to boost investments 27% in 2024

Restaurant operator Alsea plans to top 5,000 stores this year

UPDATE 1-Alsea sees 2024 like for like sales growth in high single digits

Alsea sees like for like growth in high single digits in the coming year

UPDATE 3-Restaurant operator Alsea's profit jumps nearly 40% on improved consumer trends

UPDATE 1-Restaurant operator Alsea budgets higher Mexican labor costs

EMERGING MARKETS-Latam equities muted as investors assess earnings; copper producers FX gain

UPDATE 2-Mexico fast-food operator Alsea posts Q3 net profit surge led by Mexico sales

UPDATE 2-Alsea expects European power costs to ease, says close to supply deal

Performance Overview