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Wednesday, October 23, 2024

Liverpool increases income by 10.4% due to cost control – Grupo Milenio

Liverpool increases income by 10.4% due to cost control – Grupo Milenio

The department store company, The Port of Liverpool reported that thanks to his expense control had an increase in its total income of 10.4 percent in the third quarter of the year compared to the same period in 2023.

In its quarterly report sent to the Mexican Stock Exchange (BMV), the company indicated that both the Liverpool and Suburbia stores had an increase of 7.6 percent.

Operational flow

Due to the above, their full business income They were for 40,145 million pesos, an increase of 9.7 percent.

While, from July to September, its operating flow or Ebitda grew 7.3 percent, reaching 7,493 million pesos.

In addition, its net profit had an increase of 11.3 percent compared to a previous year, mainly due to the exchange rate.

“One of the main strategies is to have a better offer of services. We have remodeled and increased the different Geek Help spaces, thus covering a broader concept of services such as support in the configuration and use of cell phones, laptops and other technology devices “, you can read in today’s report.

Liverpool also noted that during this period five new store spaces were opened for suit rentals, thus adding 11 locations for this service.

Furthermore, it reinforced the template of your designers.

It should be noted that in addition to what was reported, they opened 6 units to reach a total of 35, as well as their third toy store. Toys R Us in Mexico and the first of Barbies.

In terms of sustainability, he recalled that, in September, S&P published the results of its Corporate Sustainability Assessment (CSA), in which Liverpool improved 12 points compared to last year, thanks to progress in its ESG strategies.

On the other hand, Newsweek and Statista published the list of “Most trusted companies in the world by 2024”in which Liverpool was ranked the 22nd most trusted retailer in the world and 2nd in Mexico.

K.L.

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