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Alsea, S.A.B. de C.V. (ALSEA.MX)
- Simply Wall St.
Insider-Heavy Growth Companies To Watch In June 2024
As global markets exhibit mixed signals with record highs in major indexes and concerns over manufacturing contraction, investors are navigating through a complex economic landscape. In this context, growth companies with high insider ownership can be particularly intriguing, as they often suggest a commitment from those who know the company best. High insider ownership might signal confidence in the firm's prospects, aligning management’s interests with that of shareholders, which is...
- Reuters
UPDATE 2-Profits for restaurant operator Alsea slide by a third, missing expectations
Fast-food chain operator Alsea reported on Tuesday a 34% fall in its first-quarter net profit, driven mainly by foreign exchange swings and weaker consumption in some of its markets. Alsea, which operates chain restaurants and cafes including Starbucks, Burger King and Domino's Pizza , also reported a 3% rise in quarterly revenue compared with the same period last year to total 18.2 billion pesos.
- Reuters
UPDATE 2-Restaurant operator Alsea to boost investments 27% in 2024
Mexico's Alsea, which operates chains such as Domino's Pizza and Starbucks, plans to invest six billion pesos ($358.85 million) into the business this year, up 27% from 2023 spending, the firm's chief financial officer said on Wednesday. Nearly half of that will go toward opening new locations, with 25% to be spent on maintenance, 15% on remodeling and another 15% on digitalization, CFO Federico Rodriguez said at the company's investor day event. More than half of the spending will be concentrated in Mexico, Rodriguez added.
