28 July 2023
The Weekly
Mexico

The group improved its revenues by 18.5% and earned 33% more in the period, ended June 30. Sales reached $1,330mn in the period, which represents a growth of 18.5% in comparable terms. According to data from the National Association of Self-Service and Department Stores (Antad), retail same-store sales increased by 6.3% in the semester. For the department store segment in Mexico, the revenue increased by 4.8%. El Palacio de Hierro registered a net profit of $62mn. Online increased by 36% in the first six months of the year. Ebitda increased by 21%, to $180mn, and net profit improved by 33%, to $62mn. Revenues through the group's digital channel increased by 36%.

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