Alsea Announces Third Quarter 2021 Results

alsea

Mexico City, October 28th, 2021. Today, Alsea, S.A.B. de C.V. (BMV: ALSEA*), the leading Quick Service Restaurant (QSR), Coffee Shop, Casual Dining and Family Restaurant operator in Latin America and Europe, released its results for the third quarter of 2021. This information is presented in nominal terms pursuant to International Financial Reporting Standards (IFRS). The comments presented in this report include the effect of IFRS 16, as well as the effect regarding restatement due to hyperinflation in Argentina.

Third Quarter 2021 Results and Highlights:

  • Alsea reported sustained sales growth for 9 consecutive months and positive EBITDA in all regions during the third quarter 2021
  • Same-Store Sales (SSS) growth for the third quarter of 2021 was 41.6%, compared to 3Q20, and 1.4% compared to 3Q19
  • Home delivery sales continued to grow despite the return of dine-in consumption, increasing by 18.0% vs. 3Q20, reaching over 2.7 billion pesos with a 19.9% ​​share of consolidated sales, and 10.5 million orders in the third quarter of 2021
  • EBITDA growth in the third quarter of 2021 was 49.2% compared to 3Q20, with a margin of 22.5% in 3Q21, reaching 90.6% of 3Q19’s reported EBITDA
  • Net Profit in 3Q21 increased by 146.1%, compared to 3Q20, and by 18.0% vs. 3Q19
  • Alsea increased its stake in Alsea Europe by 10.5%, to 76.8%, with an investment of 55.4 million euros
  • The Company posted a cash balance of 3.6 billion pesos at the end of the third quarter, even after the 55.4 million euros investment in Alsea Europe

 

Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact Details

Salvador Villaseñor

ri@alsea.com.mx

+52 (55) 7583-2000

 
Forward-Looking Statements
This press release contains certain forward-looking information regarding the Company’s results and outlook. However, actual results may vary materially from these estimates. Information on future events contained in this release should be read jointly with the risk summary in the Annual Report. This information, as well as future reports made by the Company or any of its representatives, whether verbally or in writing, may vary significantly from actual results. These projections and estimates, which are prepared in reference to a determined date, should not be taken as fact. The Company is in no way liable for updating or revising any of these projections and estimates, whether as a result of new information, future events or other associated events.
About Alsea
Alsea is the leading restaurant operator in Latin America and Europe of global brands in the quick service, coffee shop, fast casual, casual and family dining segments. It has a diversified portfolio, with brands such as Domino’s Pizza, Starbucks, Burger King, Chili’s, P.F. Chang’s, Italianni’s, The Cheesecake Factory, Vips, Vips Smart, El Portón, Archies, Foster’s Hollywood, Gino’s, TGI Fridays, Ole Mole and Corazón de Barro. The company operates more than 4,000 units in Mexico, Spain, Argentina, Chile, Colombia, France, Portugal, Netherlands, Belgium, Luxembourg and Uruguay. Alsea’s business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain. For more information please visit: www.alsea.com.mx

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