Alsea Announces First Quarter 2022 Results

alsea

Mexico City, April 27th, 2022. 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 first quarter of 2022. 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.

 

First Quarter 2022 Results and Highlights:

  • In 1Q22, Alsea reported 5 quarters of sustained sales and positive EBITDA growth in all regions
  • Same-Store Sales (SSS):

  • Home delivery sales continued to grow, with a 13.1% increase vs. 1Q21, reaching over 3 billion pesos and a 20.2% ​​share of consolidated sales
  • EBITDA:

  • Net Income for 1Q22 was 512 million pesos, an increase of 981 million pesos compared to 1Q21, with a net margin of 3.4%
  • Successfully issued a $300 million Euro bond to refinance debt, and ended 1Q22 with long-term debt making up 89% of the total, and a solid cash position
  • In 1Q22, capital expenditure reached 712 million pesos, supporting the opening of 27 corporate units
 

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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