Grupo Gigante, S. A. B. de C. V. (BMV: GIGANTE)

GIGANTE Income Statement

Financials in millions MXN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	33,721	33,466	31,818	27,740	25,281	32,131
Other Revenue	514.82	514.82	352.99	663.92	647.85	314.2
Revenue	34,235	33,981	32,171	28,404	25,929	32,446
Revenue Growth (YoY)	2.54%	5.63%	13.26%	9.54%	-20.08%	-2.24%
Cost of Revenue	20,553	20,612	20,097	17,670	16,815	20,265
Gross Profit	13,683	13,369	12,073	10,734	9,115	12,181
Selling, General & Admin	10,614	10,345	9,351	8,481	9,011	9,379
Operating Expenses	10,614	10,345	9,351	8,481	9,011	9,379
Operating Income	3,069	3,024	2,723	2,252	104.1	2,802
Interest Expense	-1,936	-1,888	-1,667	-1,754	-1,656	-1,550
Interest & Investment Income	385.05	357.65	204.24	98.24	124.02	190.18
Earnings From Equity Investments	485.39	501.08	468	602.77	457.51	182.92
Currency Exchange Gain (Loss)	-23.44	90	66.63	7.51	11.12	0.42
Other Non Operating Income (Expenses)	-258.33	-164.89	170.4	417.92	-419.76	-443.47
EBT Excluding Unusual Items	1,721	1,920	1,965	1,625	-1,379	1,183
Asset Writedown	1,129	1,078	585.3	911.38	-504.97	136.64
Pretax Income	2,850	2,998	2,551	2,536	-1,884	1,319
Income Tax Expense	878.44	932	410.66	612.44	49.28	690.17
Earnings From Continuing Operations	1,971	2,066	2,140	1,924	-1,933	629.14
Earnings From Discontinued Operations	1.65	3.43	-126.05	-26.76	-209.58	-
Net Income to Company	1,973	2,070	2,014	1,897	-2,143	629.14
Minority Interest in Earnings	-122.01	-141.07	-124.86	-112.42	-66.49	-28.29
Net Income	1,851	1,929	1,889	1,785	-2,210	600.85
Net Income to Common	1,851	1,929	1,889	1,785	-2,210	600.85
Net Income Growth	2.42%	2.09%	5.85%	-	-	-48.64%
Shares Outstanding (Basic)	994	994	994	994	994	994
Shares Outstanding (Diluted)	994	994	994	994	994	994
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	1.86	1.94	1.90	1.80	-2.22	0.60
EPS (Diluted)	1.86	1.94	1.90	1.80	-2.22	0.60
EPS Growth	2.54%	2.09%	5.85%	-	-	-48.64%
Free Cash Flow	3,444	3,867	2,580	2,855	994.45	2,726
Free Cash Flow Per Share	3.46	3.89	2.59	2.87	1.00	2.74
Gross Margin	39.97%	39.34%	37.53%	37.79%	35.15%	37.54%
Operating Margin	8.96%	8.90%	8.46%	7.93%	0.40%	8.64%
Profit Margin	5.41%	5.68%	5.87%	6.28%	-8.52%	1.85%
Free Cash Flow Margin	10.06%	11.38%	8.02%	10.05%	3.84%	8.40%
EBITDA	3,954	3,913	3,567	3,138	1,064	3,619
EBITDA Margin	11.55%	11.51%	11.09%	11.05%	4.11%	11.16%
D&A For EBITDA	885.05	888.89	844.72	885.69	960.33	817
EBIT	3,069	3,024	2,723	2,252	104.1	2,802
EBIT Margin	8.96%	8.90%	8.46%	7.93%	0.40%	8.64%
Effective Tax Rate	30.82%	31.08%	16.10%	24.15%	-	52.31%
Revenue as Reported	33,981	33,981	32,171	28,404	25,929	32,446
Advertising Expenses	-	374.86	353.8	318.9	309.46	397.77

Source: S&P Capital IQ. Standard template. Financial Sources.