Mexican restaurant operator Alsea's core earnings up 1.8% in Q3

About this update from Alsea, S.a.b. De C.v.

Mexican restaurant and cafe chain operator Alsea BMV:ALSEA on Wednesday posted third-quarter core earnings that edged up 1.8% from revenues up 2.0%, which the firm attributed partly to cost efficiencies and strong appetite for its brands in Spain.The multinational, which operates high-profile restaurant chains like Domino's Pizza and Starbucks in Europe and Latin America, reported earnings before interest, taxes, depreciation, and amortization of 2.89 billion pesos ($157.8 billion).Net profit jumped to 367 million pesos ($20.04 billion) from 11.86 million a year earlier, from revenues of 21.15 billion pesos. This landed below the forecasts of analysts polled by LSEG, who had expected a quarterly net profit of 568 million pesos, from revenues of 22.16 billion.($1 = 18.3147 Mexican pesos at end-September)

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