Alsea. de First Quarter 2024 Earnings: Misses Expectations

Alsea. de (BMV:ALSEA) First Quarter 2024 Results

Key Financial Results

• Revenue: Mex$18.2b (up 3.0% from 1Q 2023).
• Net income: Mex$404.1m (down 25% from 1Q 2023).
• Profit margin: 2.2% (down from 3.0% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: Mex$0.50 (down from Mex$0.63 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alsea. de Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in South America.

Performance of the market in Mexico.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Alsea. de's balance sheet and an in-depth analysis of the company's financial position.

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