Organización Soriana, S. A. B. De C. V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 23, 2024 at 10:14 am EST
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Organización Soriana, S. A. B. de C. V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MXN 49,406.56 million compared to MXN 45,322.19 million a year ago. Net income was MXN 2,179.64 million compared to MXN 1,963.27 million a year ago. Basic earnings per share from continuing operations was MXN 1.21 compared to MXN 1.09 a year ago. Diluted earnings per share from continuing operations was MXN 1.21 compared to MXN 1.09 a year ago.
For the full year, the company reported sales was MXN 176,120.14 million compared to MXN 166,157.2 million a year ago. Net income was MXN 5,021.06 million compared to MXN 5,023.23 million a year ago. Basic earnings per share from continuing operations was MXN 2.79 compared to MXN 2.79 a year ago. Diluted earnings per share from continuing operations was MXN 2.79 compared to MXN 2.79 a year ago.
Organizacion Soriana SAB de CV is a Mexico-based company primarily engaged in the food retail sector. The Company focuses on the development and management of a network of supermarkets, grocery and discount stores. It retails food, apparel, automotive accessories, sport goods, hardware, garden tools, toys, personal care products and electronic devices, among others. It operates stores under various brand names, such as Soriana Hiper and Mega hypermarkets, Soriana Super and Comercial Mexicana supermarkets, Soriana Express and Super City grocery stores, Soriana Mercado and Bodega discount supermarkets, as well as City Club membership clubs. Furthermore, it offers online shopping and delivery services through Soriana e-commerce platform. The Company operates through a range of subsidiaries, such as Centros Comerciales Soriana SA de CV and Tiendas de Descuento Monterrey SA de CV.
ORGANIZACIÓN SORIANA, S. A. B. DE C. V. 
