Mexico City, February 24th, 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 fourth quarter and full year 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.
Fourth Quarter and Full Year 2021 Results and Highlights:
- Alsea reported sustained sales growth for all four quarters and positive EBITDA in all regions during 2021
- Same-Store Sales (SSS):
- The Company has reached dine-in restaurant sales similar to 2019 levels, while achieving home delivery sales growth of 25.2% vs. 4Q20, and reaching over 3,300 million pesos with a 20.4% share of consolidated sales
- Net Profit in 4Q21 increased by 857 million pesos compared to 4Q20, and by 4,680 million pesos in 2021, compared to the previous year
- Successful issuance of a US$500 million bond for debt refinancing, ending 2021 with 92% of the total debt as long-term and a solid cash position
Miranda Newswire – Full Press Release: Download PDF
Investor Relations Contact Details
+52 (55) 7583-2000
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.
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