Q4 2024 Alsea SAB de CV Earnings Call Transcript
Key Points
- Alsea SAB de CV (ALSSF) reported an 11.1% year-over-year increase in total sales for the fourth quarter, reaching MXN21.7 billion.
- Same-store sales grew by 7.2% in the fourth quarter, showcasing strong brand performance.
- Digital sales accounted for 33.5% of total sales, highlighting the success of Alsea's digital strategy.
- The company opened 107 new stores in the fourth quarter, focusing on high-traffic areas and remodeling existing locations.
- Alsea's loyalty programs saw a 33.1% growth in sales, contributing significantly to total sales.
- Starbucks Europe experienced a 7.4% decline in same-store sales, impacted by reduced consumer traffic and recent flooding in Valencia.
- Burger King Alsea's same-store sales decreased by 1.1% in Mexico, with flat sales in Chile.
- Adjusted EBITDA in Europe decreased by 2.1% for the quarter, primarily due to macroeconomic pressures and brand boycott impacts.
- Net income for the fourth quarter decreased by 45.3% year-over-year, affected by currency exchange translation costs.
- Pre-IFRS 16 gross debt increased by MXN6.9 billion year-over-year, reaching MXN33 billion, due to debt incurred for acquisitions and currency impacts.
Good morning everyone and welcome to Alsea's fourth-quarter and full-year 2024 earnings video conference. My name is Gerardo Lozoya, Head of Investor Relations and Corporate Affairs. And today, our Chief Executive Officer, Armando Torrado; and our Chief Financial Officer, Federico Rodriguez, will be presenting the results.
Before we continue, a friendly reminder that some of our comments today will contain forward-looking statements based on our current view of our business and that future results may differ materially from these statements. Today's call should be considered in conjunction with disclaimers in our earnings release and our most recent Bolsa Mexicana de Valores report. The company is not obligated to update or revise any such forward-looking statements. Please note that unless specified otherwise, the earnings numbers referred to are based on our pre-IFRS 16 standards.
I will now hand it over to Armando for his initial remarks. Please go ahead, Armando.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
