MEXICO CITY, July 20 (Reuters) – Mexican restaurant and cafe chain operator Alsea cut its 2026 earnings growth forecast on Monday, citing weak consumer spending and currency headwinds, as the Mexican restaurant chain operator reported a 53% drop in second-quarter net profit.
The company, which operates Domino’s Pizza and Starbucks outlets in Europe and Latin America, trimmed its full-year EBITDA growth outlook to low-single digits from mid-single digits.
• Alsea posted a second-quarter net profit of 531.5 million pesos ($30.37 million).
• Second-quarter revenues of 21.09 billion pesos ($1.205 billion) in the April-to-June period.
• Consumer spending was particularly weak in April, the company said.
• Alsea had budgeted an exchange rate of 19.3 pesos per U.S. dollar and 22.7 pesos per euro; peso strength versus those levels reduced reported revenues.
($1 = 17.4986 pesos at end-June)
(Reporting by Natalia Siniawski, Editing by Iñigo Alexander)
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