Sanborns reports MXN 74,296 million sales: what store closures mean for Sanborns stock

Sanborns (ISIN MX01GS000004) recorded MXN 74,296 million in sales during fiscal year 2025, up 1.3 percent from 2024, according to Expansion on October 6, 2026. The retailer's store reset is becoming the central operating question after 10 Mexico City locations closed, including two cafes.

What do 469 outlets reveal?

The scale of the network remains substantial. At the end of fiscal year 2025, Grupo Sanborns operated 469 outlets in Mexico, including 141 Sanborns stores and restaurants, 14 Sanborns Cafe units, 95 Sears stores, 48 Dax stores, 46 Mixup stores and 124 iShop locations, Expansion reported on October 6, 2026. Net profit fell 12.7 percent in fiscal year 2025 as the group invested in technology, internal systems and digital platforms.

Three dates define the reset

On September 24, 2026, Infobae reported that Sanborns had closed 10 locations in Mexico City. On October 6, 2026, Expansion documented 469 outlets and MXN 74,296 million in fiscal 2025 sales. On October 7, 2026, IT Boltwise reported the closure of 10 stores and a 46.5 percent year-over-year profit decline in the first quarter of 2025.

Store economics carry the risk

The operating picture combines modest sales growth with weaker profit conversion. Expansion said fiscal-year profit declined 12.7 percent after investments in modernization and digital infrastructure, while Infobae attributed the store closures to high rents, weaker economics at individual locations and a shift toward more efficient formats.

Sanborns stock stays tied to execution

For Sanborns stock, the key issue is whether a smaller store network can improve profitability without weakening the group's reach. The 1.3 percent sales increase in fiscal year 2025 provides scale, but the 12.7 percent profit decline and 46.5 percent first-quarter comparison show why the next operating update matters.