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The group's revenues increased by 8% thanks to a good performance of its sales to comparable stores and to the enlargement of its sales area
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Alsea, operator of restaurant brands such as Starbucks and Domino's Pizza, announced positive results in the third quarter of 2018 by posting 7.7% increase in operating cash flow (EBITDA) and 39.1% of net income compared to the same period last year.
In general, the results of the company headed by Alberto Torrado were motivated by a 3.8% growth in same-store sales, broadening its sales floor, the efficiency of its operating expenses and its lowering of taxes.
In the quarter from July to September 2018, the company additional income of 11 million 86 million pesos, 5.8 percent above of those obtained in the third quarter of last year.
"This increase is mainly due to 3.8% growth in same-store sales, as well as 205 business units, for a total of 2,856 units at the end of September. 2018, representing a growth of 7.7% per cent compared to the same period of the previous year, "explained the company in its report to the BMV.
The increase in sales, he added, was partially offset by the negative effect of the devaluation of the Argentine peso against the Mexican peso, which affected 6.4 percentage points of consolidated turnover, which added to the slowdown in consumption in South America and Spain.
Finally, net profit was 39.1% higher than in the third quarter of last year, when it reached 287 million pesos. This is due to the increase in operating income, lower financial cost and a reduction in the tax rate.
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