Company Overview of FAMSA, Inc.
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
Founded in 2000
Key Executives for FAMSA, Inc.
Compensation as of Fiscal Year 2015.
FAMSA, Inc. Key Developments
Famsa USA Reports Earnings Results for the Third Quarter Ended September 30, 2015
Oct 22 15
Famsa USA reported earnings results for the third quarter ended September 30, 2015. Sales results improved with an increase in dollar-denominated SSS of 3.4% against third quarter of 2014. Net sales in pesos grew 27.4% year-over-year.
Famsa USA Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 23 15
Famsa USA reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net sales were MXN 517 million compared to MXN 428 million a year ago. Famsa USA posted a 20.7% rise in pesos-denominated Net Sales in this period; largely explained by the growth in the categories of Personal Loans and Famsa-to-Famsa (sales in the United States with delivery in Mexico). Same Store Sales grew 2.7%. EBITDA was MXN 39 million compared to MXN 33 million a year ago.
For the six months, the company's net sales were MXN 990 million compared to MXN 847 million a year ago. Same Store Sales grew 1.6%. EBITDA was MXN 70 million compared to MXN 63 million a year ago.
Famsa USA Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015
Apr 23 15
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.
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