Q3 2025 Alsea SAB de CV Earnings Call Transcript
Key Points
- Alsea SAB de CV (ALSSF) reported a 5.7% year-over-year increase in total sales, reaching 21 billion pesos.
- Same-store sales grew by 4.1%, with Starbucks and Domino's Pizza showing positive growth in various regions.
- The company opened 46 new stores in the third quarter, emphasizing high-traffic and high-potential locations.
- Digital platforms contributed significantly to sales, with loyalty sales increasing by 7.9% and digital orders representing 37.4% of total sales.
- Alsea SAB de CV (ALSSF) made significant strides in sustainability, including reducing CO2 emissions and promoting reusable cups at Starbucks in Mexico.
- EBITDA margin decreased by 50 basis points year-over-year, reaching 13.7%.
- Burger King's same-store sales, excluding Argentina, decreased by 1.4%, with a notable decline in Mexico.
- The company experienced a significant drop in consumer activity in September, impacting operating leverage.
- South America sales fell by 4.7%, reflecting a challenging consumption environment in the region.
- Alsea SAB de CV (ALSSF) adjusted its 2025 guidance to reflect lower than expected consumption dynamics and the impact of the Mexican peso appreciation.
Good morning everyone and welcome to Alsea's 3rd quarter 2025 earnings video conference. My name is Gerardo Lozoya, Head of Investor Relations and Corporate Affairs.
Today you will hear from our Chief Executive Officer, Cristian Gurria, and Federico Rodriguez, our Chief Financial Officer.
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 Balsa Mexicana de Vallores report.
The company is not obliged to update or revise any such forward-looking statements.
Please note that unless specified otherwise, the earnings numbers referred to are based on the pre-IFRS 16 standards.
I will now hand it over to Christian for his initial remarks. Please go ahead.
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