May 26, 2016 8:40 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. The company operates department, specialty, electronic and entertainment, convenience, and luxury stores; fashion boutiques; and a chain of industrial cafeterias, as well as coffee shops. It also operates a network for the sale of recorded music and videos, as well as gift, computer, and record stores; distributes and sells Apple products, cosmetics, and perfumes; manages and leases shopping malls; and generates and supplies electricity. The company operates its stores under the brand names of Sears, Sanborns, iShop-MixUp, EduMac, Dax, Sanborns Café, and Saks Fifth Avenue. As of March 31, 2015, it operated 419 units in Me...

Presa Falcón Building

7th Floor

Plaza Carso, Lago Zurich No. 245

Ampliación Granada

Mexico City, DF 11529

Mexico

Founded in 1928

46,972 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. 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.

Grupo Sanborns, S.A.B. de C.V. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Grupo Sanborns, S.A.B. de C.V. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenues of MXN 14,288 million against MXN 13,665 million a year ago. Operating income was MXN 2,057 million against MXN 1,890 million a year ago. Controlling net income was MXN 1,324 million against MXN 1,272 million a year ago. EBITDA was MXN 2,168 million against MXN 1,882 million a year ago. Profit attributable to owners of parent Co. was MXN 1,324 million against MXN 1,272 million a year ago. Income before taxes was MXN 2,153 million against MXN 1,960 million a year ago. For the year, the company reported revenues of MXN 44,413 million against MXN 41,203 million a year ago. Operating income was MXN 4,908 million against MXN 4,428 million a year ago. Controlling net income was MXN 3,458 million against MXN 3,205 million a year ago. EBITDA was MXN 5,707 million against MXN 5,028 million a year ago. Profit attributable to owners of parent Co. was MXN 3,090 million against MXN 2,922 million a year ago. Income before taxes was MXN 5,055 million against MXN 4,637 million a year ago. Since partial investments in the new stores of 2015 were made the year before, CapEx totaled MXN 2,256 million compared with investments of MXN 2,546 million during 2014.

Grupo Sanborns, S.A.B. de C.V., Q4 2015 Earnings Call, Feb 25, 2016

Grupo Sanborns, S.A.B. de C.V., Q4 2015 Earnings Call, Feb 25, 2016

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