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Alsea’s quarterly revenue grew 14.4% from the year-ago quarter, reaching 19.15 billion pesos, the company said in a filing, and beating Refinitiv’s forecast of 18.86 billion pesos.
The Mexico City-based company, which operates Starbucks (NASDAQ:SBUX) cafes as well as Domino’s Pizza (NYSE:DPZ) and Burger King restaurants among other chains, raked in 3.48 billion pesos in earnings before interest, taxes, depreciation and amortization (EBITDA) in the fourth quarter, down 18.4% from the same three-month period in the previous year.
Alsea operates in 11 countries across Latin America and in Europe.
($1 = 19.5089 pesos at end-December)
