|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.0500 - 2.0500|
|52 Week Range||1.7200 - 2.5000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||292.86|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 19, 2018|
|1y Target Est||N/A|
Mexican restaurant operator Alsea posted on Thursday a 52% rise in its second-quarter net profit, hitting 211 million pesos ($10.5 million), boosted by sales recovery and an improvement in cost and efficiencies in expense control. Alsea, whose franchises include coffee chain Starbucks SBUX.O, Domino's Pizza DPZ.N and Burger King in several countries, pulled in 3.627 billion pesos in earnings before interest, taxes, depreciation and amortization (EBITDA), a 27.4% increase in comparison to the previous year. "This quarter we have been able to counteract the inflationary pressure in food and energy costs, thanks to our price strategies and efficiencies in the different brands," Alsea's Chief Executive Armando Torrado said in the report.
Mexican restaurant operator Alsea reported on Monday that the country's tax authority (SAT) had lifted liens on some of its accounts as part of a dispute over tax claims for 3.881 billion Mexican pesos ($187.08 million). Alsea, which manages franchises of international chains such as Starbucks, Domino's Pizza and Burger King, said in a statement that the measure was carried out in compliance with a court-issued order and added that it will continue the legal process to contest the current tax claim.
Mexican restaurant operator Alsea said on Thursday its fourth-quarter net profit grew seven-fold from a year ago, as sales recovered after COVID-19 restrictions were loosened. Net profit of 835.2 million pesos ($40.7 million) was up from 116 million pesos a year earlier, when the dining sector was pressured by the pandemic, and beat a Refinitiv forecast of 342 million pesos. "The company has reached sales levels within restaurants similar to 2019, and had a 25% increase of home sales in comparison to Q4 the previous year," Alsea said, adding the results also benefited from better cost controls.