Alsea reports 66 percent drop in first quarter profit
The operator of Starbucks and Dominos Pizza reported a net profit of 114.86 million pesos, missing analyst forecasts. Total revenue rose to 20.07 billion pesos.
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ALSEA SAB DE CV reported a 65.7% drop in first-quarter net profit to 114.86 million pesos ($6.41 million). The result missed LSEG analyst estimates of 317.48 million pesos by 63.8% despite a 1.4% rise in total revenue. Investors are weighing the impact of rising costs on the operator's margins across its European and Latin American markets.
