MEXICO - During the second quarter, sales of Mexican retailer El Puerto de Liverpool SAB de C.V. (Liverpool) grew 12.1% while same-store sales (SSS) did so by 8.6%. On a cumulative basis the increase was of 11.5% in total stores and 8.2% of SSS.
Liverpool’s SSS growth was below the industry average. According to figures released by ANTAD (Mexican Association of supermarkets and department stores), its affiliates posted a 9.4% same-store growth during Q2 / 2015. Across the industry the categories showing the best accumulated growth ratio are furniture, followed by cosmetics and accessories. The categories with slower growth are electronics and sports. It is important to point out that these last two categories are being compares against a year in which the football world cup took place.
Net income at the end of the second quarter was 14.5% higher than that obtained in the same period in 2014 to total MXP 1.993 million and 22.6% cumulatively growth, reaching 3.297 million MXP.
EBITDA for the quarter totaled MXP 3.383 million, 15.8% higher compared to 2T/2014. Accumulative EBITDA reached MXP 5.574 million, up 17.3% against the 1S/2014.
The accumulated EBITDA margin was 14.3%, an expansion of 72 basis points against the previous year. For the last twelve months EBITDA margin is at 16.3%, in line with the previous period.
Liverpool currently operates 93 department stores in Mexico, 70 of the Liverpool banner and 23 under the Fabricas de Francia banner.
