Mexico · Delayed Price · Currency is MXN El Puerto de Liverpool Earnings Call Transcripts
Fiscal Year 2026
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First quarter 2026 saw flat revenue as retail faced weak demand and operational disruptions, but financial services and real estate delivered strong growth. Net profit fell 17% year-over-year, while digital and credit segments expanded. Management expects gradual recovery as temporary issues are resolved.
Fiscal Year 2025
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Revenue grew 4.4% year-over-year, led by financial services and real estate, but margins contracted due to logistics transition costs and higher provisions. Digital and credit businesses expanded, while EBITDA margin guidance was revised down to 15.5%-16%.
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Q2 2025 saw 8% revenue growth, strong e-commerce, and a completed Nordstrom acquisition, but margins fell due to heavy promotions and higher costs. Inventory and NPLs are expected to normalize, with margin recovery anticipated in H2.
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Q1 2025 delivered 10.4% revenue growth, outpacing the market, but margins declined due to aggressive promotions and higher costs. Inventory remains elevated but is expected to normalize, while digital and financial services showed strong gains.
Fiscal Year 2024
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Q4 2024 revenue grew 9% year-over-year, with strong gains in retail, financial services, and digital channels. Net profit rose 11.4%, and robust investments supported logistics and technology. 2025 guidance anticipates continued expansion, margin pressure from logistics, and prudent risk management.
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Q3 2024 saw double-digit revenue growth, robust net profit, and strong digital and financial services performance. Inventory rose 20% to prepare for a strong holiday season, while NPLs increased but are expected to improve by year-end. CapEx and liquidity remain strong.
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Q2 2024 saw strong revenue and profit growth, with robust digital and financial services performance. Margins improved, NPLs rose but remain manageable, and CAPEx and dividends increased. Outperformance versus peers was noted, with continued focus on credit risk and digital expansion.