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May 27, 2015 6:03 AM ET

Specialty Retail

Company Overview of Famsa, Inc.

Company Overview

Famsa, Inc. operates as a specialty retailer. The company sells furniture, kitchen, electronic, household appliances, furniture and mattresses; gyming equipment; bicycles and motorcycles. The company was founded in 2000 and is based in Santa Fe Springs, California. Famsa, Inc. operates as a subsidiary of Grupo Famsa S.A.B. de C.V.

12801 Leffingwell Avenue

Santa Fe Springs, CA 90670-6339

United States

Founded in 2000

Phone:

562-207-3800

Fax:

562-207-3892

Key Executives for Famsa, Inc.

President
Compensation as of Fiscal Year 2014.

Famsa, Inc. Key Developments

Famsa USA Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Famsa USA reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of MXN 473 million against MXN 418 million a year ago. Peso-denominated net sales increased 13.0% during first quarter 2015, largely because of the depreciation of the Mexican peso vis-à-vis the U.S. dollar. Same Store Sales (SSS) in dollars rose 0.4% year-over-year in first quarter of 2015, negatively affected by adverse weather conditions in certain cities and by delays in Furniture deliveries due to the interruption of operations at ports in the state of California. EBITDA was MXN 30 million against MXN 30 million a year ago.

Famsa USA Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Famsa USA announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of MXN 428 million compared with MXN 406 million for the same period a year ago. EBITDA was MXN 33 million compared with MXN 10 million for the same period a year ago. For the six months, the company reported net sales of MXN 847 million compared with MXN 797 million for the same period a year ago. EBITDA was MXN 63 million compared with MXN 37 million for the same period a year ago.

Famsa USA Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Famsa USA announced unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, net sales were MXN 396 million against MXN 420 million a year ago. Adjusted EBITDA was MXN 31 million against MXN 30 million a year ago. Adjusted EBITDA margin was 7.8% against 7.3% a year ago. For the nine months, net sales were MXN 1,193 million against MXN 1,240 million a year ago. Adjusted EBITDA was MXN 68 million against MXN 95 million a year ago. Adjusted EBITDA margin was 5.6% against 7.7% a year ago.

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