Mexico's Alsea says 4th-qtr profit more than doubles
MEXICO CITY Feb 13 (Reuters) - Mexican restaurant operator Alsea, which runs Starbucks, Domino's Pizza and Burger King chains among others, on Thursday said its fourth-quarter profit more than doubled, helped by sales from new stores as well as higher revenue from its older restaurants.
The company reported a profit of 274.6 million pesos ($20.9 million) in the October-December period, up from a profit of 132.4 million pesos in the same period a year earlier.
Alsea said revenue rose 21.7 percent to 4.416 billion pesos.
Same-store sales, or sales from stores open at least one year, increased 9.8 percent from the year-earlier quarter.
The company said in September it would buy Wal-Mart de Mexico's restaurant unit, VIPS, for 8.2 billion pesos.
- Six killed, including four children, in Houston-area shooting |
- Palestinian death toll rises to 74 as Israel hits Gaza over rocket fire |
- Anger mounts as Germany unearths second U.S. spy suspect
- Exclusive: Iraq tells U.N. that 'terrorist groups' seized nuclear materials
- Portugal woes sink European stocks