Overview
- Alsea disclosed a net profit of about 532 million pesos for Q2 2026, a roughly 52.1% decline from a year earlier caused by softer sales, a roughly 6% fall in EBITDA and an unfavorable currency translation versus a non‑cash revaluation boost in 2025.
- Following the quarterly report, Alsea lowered its full‑year guidance to low single‑digit growth for sales, same‑store sales and EBITDA, and investors sent the share price down, costing the company more than 2,000 million pesos of market value at one point.
- Starbucks Mexico was the weakest part of the portfolio as traffic fell in cafeterias, and management said it will prioritize store remodels, refurbishments and openings over short‑term margin recovery while it rolls out new long‑term license agreements through 2046.
- Digital channels remained a major revenue source, representing 40.7% of sales and about 8.4 million active loyalty users, and Alsea reaffirmed its 2026 capex plan of around 5,500 million pesos after spending roughly 1,840 million in H1 and planning 180–220 openings.
- The mix of the quarter highlights a split portfolio effect where full‑service brands like Chili’s and Vips benefited from World Cup activity but the cafeterias slump raises near‑term earnings risk and leaves investors watching same‑store traffic, Starbucks trends and FX effects next.