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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Alsea
Alsea (ALSEA) investor relations material
Alsea Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary21 Oct, 2026
Executive summary
Consolidated same-store sales rose 4.2%, up from 2.6% in Q2, with momentum improving through the quarter; Mexico led the recovery as customers resumed routines after the World Cup.
Net sales increased 1.8% to MXN 21,243M, or 5.6% excluding FX; pre-IFRS 16 EBITDA rose 2.2% to MXN 2,943M and margin expanded 10 bps to 13.9%.
Net income rose 15.3% to MXN 590M; 9M free cash flow was positive at MXN 955M, a nearly MXN 4B improvement YoY.
Financial highlights
Net sales were MXN 21,243M, up 1.8% YoY; post-IFRS 16 sales were MXN 21.4B, up 2.0%.
Pre-IFRS 16 EBITDA was MXN 2,943M, up 2.2%, with a 13.9% margin, up 10 bps; gross margin declined 10 bps to 67.2%.
Net income increased 15.3% to MXN 590M and EPS rose 15.8% to MXN 0.74, on a pre-IFRS 16 basis.
Regional sales: Mexico MXN 12,150M, up 5.9%; Europe MXN 6,079M, down 4.6% in pesos; South America MXN 3,015M, flat.
Digital sales grew 11.3% to MXN 8.1B, or 40.7% of total sales; loyalty sales rose 9% to MXN 5.6B.
Outlook and guidance
Reaffirmed updated FY2026 guidance issued in July; October trends through week three resembled September, the strongest month in Q3.
Q4 is typically the strongest sales quarter; priorities for 2027 include value, innovation, disciplined CapEx, profitability and cash generation, with detailed guidance expected in February.
Starbucks Mexico plans no price increases; productivity and P&L efficiencies are intended to offset an estimated 17% labor-cost impact in 2027.
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Latest events from Alsea
- Sales were flat, EBITDA margin at 13.5–20.5%, and 2026 guidance revised lower.ALSEA
Q2 2026 - Sales and EBITDA rose, but net income dropped sharply due to refinancing and FX impacts.ALSEAQ1 2026
- Disciplined growth, ambitious expansion, and innovation drive the 2026 strategy.ALSEAInvestor Day 2026
- 2025 net sales rose 9.1% and net income surged 88.7%, led by digital and Mexico growth.ALSEAQ4 2025
- Net income jumped 559% on 5.7% sales growth, but 2025 guidance was trimmed.ALSEAQ3 2025
- Sales and EBITDA rose, but net income dropped sharply on higher financing costs and FX impacts.ALSEAQ3 2024
- Sales and EBITDA grew on digital and loyalty gains, but net income was pressured by FX and debt.ALSEAQ2 2024
- Sales up 12.8%, digital and loyalty gains strong, but profit margins contracted.ALSEAQ1 2025
- Sales and EBITDA rose in 2024, but net income dropped on FX and financing costs.ALSEAQ4 2024
Next Alsea earnings date
Q4 202625 Feb, 2027
Alsea
Next Alsea earnings date
Q4 202625 Feb, 2027
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Frequently asked questions
Alsea S.A.B. de C.V., established in 1997, is an operator of multi-brand restaurants across Latin America and Europe. The company manages a diverse portfolio of internationally recognized brands such as Domino's Pizza, Starbucks, Burger King, and Chili's Grill & Bar among others. Alsea operates these brands through various formats including quick service, coffee shops, fast casual, casual dining, and family dining segments. The company supports its operations through a Shared Services Center which provides administrative, supply chain, and developmental processes. Alsea is headquartered in Mexico City, Mexico, and its shares are listed on the Mexican Stock Exchange.