August 29, 2016 12:16 AM ET

Multiline Retail

Company Overview of Grupo Sanborns, S.A.B. de C.V.

Company Overview

Grupo Sanborns, S.A.B. de C.V. operates retail stores and restaurants in Mexico and Central America. The company operates specialized department stores, electronics and entertainment stores, convenience stores, luxury stores, and restaurants, as well as fashion boutiques under various brands, such as Sears, Sanborns, iShop-MixUp, EduMac, Dax, Sanborns Café, and Saks Fifth Avenue. Its stores offer fashion ware, large and small appliances, furniture, home improvement products and electronics, books, magazines, health and beauty products, pharmacy products, toys, recorded music and videos, jewelry, photography products, cellular phones, candies, gifts, video games, cosmetics and perfumes, and c...

No.245 Presa Falcón Building

7th Floor

Plaza Carso, Lago Zurich

Ampliación Granada

Mexico City, DF 11529

Mexico

Founded in 1928

47,080 Employees

Key Executives for Grupo Sanborns, S.A.B. de C.V.

Grupo Sanborns, S.A.B. de C.V. does not have any Key Executives recorded.

Grupo Sanborns, S.A.B. de C.V. Key Developments

Grupo Sanborns, S.A.B. de C.V. Presents at Credit Suisse's 10th Annual Midsummer LatAm Conference, Aug-03-2016

Grupo Sanborns, S.A.B. de C.V. Presents at Credit Suisse's 10th Annual Midsummer LatAm Conference, Aug-03-2016 . Venue: Omni Berkshire Place Hotel, 21 East 52nd Street at Madison Avenue, New York, New York, United States. Speakers: Angelica Pina, Head of IR, Mario Enrique Bermúdez Dávila, Chief Financial Officer.

Grupo Sanborns, S.A.B. de C.V. Announces Consolidated Earnings Results for the Second Quarter and First Six Months Ended June 30, 2016

Grupo Sanborns, S.A.B. de C.V. announced consolidated earnings results for the second quarter and first six months ended June 30, 2016. For the quarter, the company announced total revenues of MXN 10,803 million compared to MXN 10,245 million for the same period a year ago. Operating income was MXN 1,162 million compared to MXN 1,076 million for the same period a year ago. Income before taxes was MXN 1,182 million compared to MXN 1,100 million for the same period a year ago. Consolidated net income was MXN 762 million compared to MXN 728 million for the same period a year ago. Profit attributable to owners of parent company was MXN 681 million compared to MXN 651 million for the same period a year ago. EBITDA was MXN 1,435 million compared to MXN 1,307 million for the same period a year ago. For the six months, the company announced total revenues of MXN 21,088 million compared to MXN 20,172 million for the same period a year ago. Operating income was MXN 2,115 million compared to MXN 1,964 million for the same period a year ago. Income before taxes was MXN 2,157 million compared to MXN 2,008 million for the same period a year ago. Consolidated net income was MXN 1,469 million compared to MXN 1,357 million for the same period a year ago. Profit attributable to owners of parent company was MXN 1,312 million compared to MXN 1,209 million for the same period a year ago. EBITDA was MXN 2,655 million compared to MXN 2,419 million for the same period a year ago. Capital expenditure totaled MXN 1,522 million compared to investments of MXN 976 million during the same period of the previous year.

Grupo Sanborns, S.A.B. de C.V. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Capital Expenditure Guidance for the Year 2016

Grupo Sanborns, S.A.B. de C.V. announced consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company's revenues were MXN 10,285 million compared with MXN 9,927 million a year ago. Operating income was MXN 954 million compared with MXN 888 million a year ago. Profit attributable to owners of parent company was MXN 631 million compared with MXN 558 million a year ago. EBITDA was MXN 1,221 million compared with MXN 1,112 million a year ago. Income before taxes was MXN 976 million compared with MXN 908 million a year ago. Consolidated net income was MXN 707 million compared with MXN 629 million a year ago. CapEx investments totaled $421 million compared to investments of $493 million during the same period of the previous year. For 2016, the company estimates capex of around MXN 2,659 million, for the opening of 18 new stores of the 3 main formats and 13 renovations of Sears and Sanborns.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 18, 2016
Additional 14% Stake in Sears Operadora Mexico and 14% Stake in Inmuebles SROM, S.A. De C.V.
Merger/Acquisition
February 8, 2016
Plaza VIP S.A.P.I. de C.V.
 

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