|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.5400 - 1.5600|
|52 Week Range||0.5840 - 1.6400|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 19, 2018|
|1y Target Est||N/A|
Mexican restaurant operator Alsea on Monday said it had reached a deal with its banks to suspend certain commitments from April through mid-2022 as it grapples with the impact of the coronavirus pandemic on its operations. Alsea, which operates brands including Starbucks, Domino's and Burger King in Mexico, South America and Europe, reached an initial agreement with banks in July last year. "Alsea has negotiated with all the banks with which it has a relationship to extend the suspension of the calculation of certain covenants in their credit contracts," Alsea said in a statement.
Mexican restaurant operator Alsea said on Friday it could pour up to 3.5 billion pesos ($167 million) into capital expenditures this year, which would be close to double last year's spending, as it aims to bounce back from pandemic shutdowns. Alsea, which operates brands including Starbucks, Domino's and Burger King in Mexico, South America and Europe, said it would focus investment on maintaining existing stores and boosting deliveries. "We have some restriction in our covenants from the banks, we have about 3.5 billion pesos maximum as of today to spend in capex," Chief Executive Alberto Torrado said in a call with analysts, adding the company hoped to open about 50 stores this year across the company's markets.
NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Alsea SAB de CV (OTC PINK:ALSSF) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 9:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.