Alsea SAB de CV Reports 2024 Financial Results

Alsea SAB de CV ( (ALSSF) ) has released its Q4 earnings. Here is a breakdown of the information Alsea SAB de CV presented to its investors.

Alsea SAB de CV, a leading operator of quick-service restaurants, cafes, and full-service restaurants in Latin America and Europe, has released its financial results for the fourth quarter and full year of 2024. The company, known for its diverse portfolio of brands including Domino’s Pizza, Starbucks, and Burger King, continues to expand its footprint across multiple regions.

In 2024, Alsea reported a 6.3% increase in total sales, reaching $77.8 billion pesos, with a notable 11.1% rise in the fourth quarter alone. Digital sales contributed significantly, accounting for 33.5% of total sales, driven by a robust growth in e-commerce and loyalty programs. The company also opened 275 new units during the year, further strengthening its market presence.

Key financial metrics showed an 8.5% increase in EBITDA for the year, with a margin expansion to 15.0%. However, net income saw a significant decline of 53.3% compared to the previous year, primarily due to increased financing costs and currency fluctuations. Regionally, sales in Mexico grew by 9.4%, while Europe and South America experienced mixed results, with some markets facing challenges such as currency depreciation and consumer spending contractions.

Looking ahead, Alsea’s management remains optimistic about 2025, focusing on digital strategy and customer loyalty programs to drive traffic and sales growth. The company plans to continue its expansion with a target of opening between 180 and 220 new units, while maintaining a disciplined approach to financial management and sustainability initiatives.