Sanborns’ income in the fourth quarter of 2024 grew 2.2% per year to 25,253 million pesos due to the day of the dead, the good end, Christmas and the end of the year.
“The revenues of the fourth quarter of 2024 amounted to 25,253 million pesos, in 4T23 revenues recorded 24,703 million pesos. In this quarter the relevant events were day of the dead, the good end, Christmas and New Year, ”he said in his report sent to the Mexican Stock Exchange (BMV).
The company stressed that its gross utility went from 32.8 to 30.8% of sales, that is, a loss of two percentage points.
“The operating and administration expenses were 5.483 million pesos compared to 7,131 million of 4T23,” the company said.
He pointed out that the comprehensive financing result had an expense for 51 million pesos, compared to an expense for 67 million pesos in the same quarter last year.
In addition, it reported that cash and cash equivalents increased by 1,146 million weight, that is, 18.5% against the one reported in 4T23.
“At the end the inventories increased 1,566 million, representing an increase of 10.6% by 14,725 in 4T23 to 16,291 in 4T24,” he said.
Fixed asset investments total 1,579 MDP
Fixed active investments totaled 1,579 million pesos, amount that was 34.6% higher than the figure of 1,173 million of the same period last year.
Sanborns also pointed out that as of December 31, the sales area totaled 1,162,570 m2 with 451 stores, with a slight decrease of 1.8% in the consolidated commercial area, compared to the same period last year.
The company reported that after having exceeded the crisis by COVID-19, its finances are aimed at a better position. However, he highlighted some risks.
Among these risks, Sanborns pointed out those related to purchasing capacity and consumption habits, competition, inventory levels, factors related to our expansion, remodeling and growth, factors related to computer systems, factors related to human resources, financing, regulatory changes, Factors related to real estate sector, risks related to Mexico, risks related to our actions, risk factors related to its corporate structure and social modality.
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