MEXICO CITY -- Alsea SA, the franchisee for Domino's Pizza in Mexico and Brazil, reported in an April 24 filing to the Mexican Stock Exchange that its first quarter 2002 net profit rose 59.5 percent to 44.9 million pesos (U.S. $4.9 million), versus the same period in 2001.
Alsea's total sales rose 3.1 percent to 596.4 million pesos (U.S. $65.6 million), despite a 5.7 percent decline in same-store sales in Mexico, where price competition is stiff. The franchiser's operations in Brazil helped make up the difference.
Earnings before interest, taxes, depreciation and amortization rose 15.6 percent to 93.9 million pesos (U.S. $10.3 million).
The company ended the first quarter with 455 stores, mostly in Mexico. It operates Pan Caliente stores in Brazil. It has also been commissioned to launch Starbucks (SBUX) coffee shops in Mexico.