Grupo Famsa S.A.B. de C.V. operates within the Department stores sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Grupo Famsa S.A.B. de C.V. with three other
department stores in Latin America:
Empresas La Polar SA
sales of 318.51 billion Chilean Pesos [US$429.98 million]
of which 86%
Empresas Hites SA
(291.19 billion Chilean Pesos [US$393.11 million]
of which 72%
was Retail), and
based in CHILE
(187.33 billion Chilean Pesos [US$252.89 million]
Sales levels dropped significantly in the first
quarter of 2021 versus the previous year's first quarter.
During the first
quarter of 2021, sales at Grupo Famsa S.A.B. de C.V. totalled
968.09 million Mexican Pesos.
This is a drop of 78.4%
from the 4.49 billion Mexican Pesos in sales at the company during the first quarter in 2020.
During the previous 6 quarters, sales at Grupo Famsa S.A.B. de C.V. have fallen vis-à-vis the same quarter in the previous year.
There appears to be at least some degree of seasonality in the sales at Grupo Famsa S.A.B. de C.V.: during 8 of the previous 9
years, sales were highest during the fourth quarter.
The exception to this was during 2020, when the
first quarter was the best quarter, accounting for
68% of sales (during that same year, the
fourth quarter accounted for 11% of sales).
Sales fell dramatically in 2020:
During the year ended December of 2020, sales at
Grupo Famsa S.A.B. de C.V. were 6.57 billion Mexican Pesos (US$323.07 million).
decrease of 68.0%
versus 2019, when the company's sales were 20.53 billion Mexican Pesos.
Contributing to the drop in overall sales was the 73.0% decline
in Mexico - Operating, from 18.73 billion Mexican Pesos to 5.05 billion Mexican Pesos.
There were also decreases in sales in
the Usa - Operating (down 12.5% to 1.49 billion Mexican Pesos)
Other (down 63.7% to 324.30 million Mexican Pesos)