Q2 2026 Alsea SAB de CV Earnings Call Transcript
Key Points
- Alsea SAB de CV (ALSSF) reported a 3.5% increase in total sales when excluding foreign exchange effects, with same-store sales growing by 2.6%.
- The company opened 30 new stores during the quarter, continuing its expansion strategy with a disciplined approach to capital allocation.
- Digital platforms have been a key driver of growth, with loyalty sales increasing by 8% and digital orders representing 40.7% of total sales.
- The company completed a divestment of Arches in Colombia, allowing it to concentrate resources on brands and markets with the greatest growth opportunities.
- Alsea SAB de CV (ALSSF) continues to prioritize ESG initiatives, publishing its 25th integrated annual report and conducting a global climate risk assessment.
- Total sales decreased by 0.9% year-over-year, mainly due to weaker consumption in Mexico and a negative foreign exchange effect.
- EBITDA decreased by 6.2% with a margin contraction of 70 basis points, primarily due to a weaker consumption environment in Mexico and South America.
- Net income for the second quarter decreased by 48.4% year-over-year, impacted by a foreign exchange loss.
- Starbucks Mexico experienced a 2% decrease in same-store sales, reflecting a challenging environment and reduced promotional activity.
- The company revised its 2026 guidance to allow for low single-digit growth for same-store sales, revenue, and EBITDA, reflecting a more cautious view of near-term demand.
Good morning, everyone, and welcome to Alcea's second-quarter 2026 earnings media conference. My name is Gerardo Lozoya, and I'm a 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, our friendly reminder that some of our comments today will contain forward-looking statements. Based on our current. Business view 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 most recent Bolsa Mexicana de Valores 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 pre-IFRS 16 standards.
I will now hand it over to Cristian for his initial remarks. Please go ahead, Cris.
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