• Margins improve, but 3Q sales drop at Latin American Domino's stores

MEXICO CITY -- Alsea, master franchisee of more than 450 Dominos Pizza stores in Mexico and Brazil, reported a 1.6 percent drop in income for the third quarter 2002, compared to the same period last year.

In its filing with the Mexico City Stock Exchange, Alsea said Domino's operating costs as a percentage of sales did improve during the period, dropping to 45.8 percent from 46.5 percent in the same period a year ago.

Alsea, which also operates Starbucks stores in Mexico, saw its overall sales rise 6.8 percent during the period to 625 million pesos (U.S. $62.8 million), compared to 585.5 million pesos (U.S.$58.9 million) in the same period last year. Alsea said the boost was helped by its August purchase of the bakery division of Alysa.

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