Alsea reports profit growth and a 26.09 percent EPS miss for Alsea stock

Published on 10/22/2026 at 09:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales reached MXN 21.2 billion, up 1.8 percent year over year. Alsea stock saw EPS of USD 0.648 versus USD 0.8767 expected.

Quarterly performance and outlook

Alsea's third-quarter net income rose 15.3 percent to MXN 590 million in the period ended September 30, 2026.
Sales reached MXN 21.2 billion in the third quarter of 2026, up 1.8 percent year over year.
Third-quarter earnings per share of USD 0.648 came in below the USD 0.8767 consensus estimate.

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Alsea reported third-quarter net income of MXN 590 million, up 15.3 percent from a year earlier, while earnings per share missed the consensus estimate. The results for the period ended September 30, 2026, showed stronger sales and cash generation but uneven profitability across regions, according to Investing.com.

Sales growth outpaced expectations

Alsea's third-quarter sales rose 1.8 percent year over year to MXN 21.2 billion. Same-store sales increased 4.2 percent, while EBITDA rose 2.2 percent to MXN 2.9 billion and the EBITDA margin reached 13.9 percent, up 10 basis points.

The earnings picture was more mixed. Earnings per share came in at USD 0.648, below the USD 0.8767 consensus estimate, a shortfall of 26.09 percent. Revenue matched the USD 21.4 billion forecast cited in the earnings coverage.

Three events shaped the stock

On September 25, 2026, Investing.com reported that Goldman Sachs upgraded Alsea from Sell to Neutral and set a MXN 52.30 price target, while second-quarter sales had fallen 0.9 percent to MXN 20.21 billion. On October 20, 2026, Alsea published its third-quarter results, with net income of MXN 544.81 million in the detailed release and sales of MXN 21.397 billion, as reported by Miranda Newswire. The October 21, 2026 earnings call then highlighted the 4.2 percent same-store sales increase and the earnings shortfall.

What does the earnings gap mean?

The key issue is the conversion of sales into profit. Mexico sales grew 5.9 percent to MXN 12.2 billion, while Europe sales rose 2.8 percent in euros but declined 4.6 percent in pesos because of currency effects. South America sales were broadly stable at MXN 3.0 billion.

Cash generation offered a counterweight. Alsea reported year-to-date free cash flow of MXN 955 million through September 30, 2026, compared with cash consumption of about MXN 3.0 billion in the same period of 2025. Management also said fourth-quarter trends through the third week of October were consistent with September, its strongest month of the third quarter.

Upcoming shareholder decision

The next substantiated corporate date is the annual shareholders meeting in April 2027, where management said the share repurchase program is expected to be renewed. The company also said it plans to complete key store remodeling work by mid-November 2026.

Profit growth meets regional pressure

Alsea combines improving traffic and cash flow with cost and currency risks. The 15.3 percent increase in third-quarter net income gives the business a stronger base, but the 26.09 percent earnings-per-share shortfall keeps margin execution central to the stock story.