Grupo Famsa, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 05:57 pm EDT
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Grupo Famsa, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 906.409 million compared to MXN 1,960.963 million a year ago. Operating loss was MXN 1,164.654 million compared to MXN 511.909 million a year ago. Net loss was MXN 1,388.016 million compared to MXN 12,805.504 million a year ago. For the half year, sales was MXN 1,874.495 million compared to MXN 4,757.577 million a year ago. Operating loss was MXN 1,426.362 million compared to MXN 262.915 million a year ago. Net loss was MXN 2,101.947 million compared to MXN 13,376.478 million a year ago.
Grupo Famsa SAB de CV is a Mexico-based holding company primarily engaged in retail sector. The Company owns and operates a network of Famsa Mexico department stores located in Mexican cities, as well as Famsa USA stores established in the United States. Via its retail network, the Company is active in the import, distribution and sale of household appliances, furniture and consumer electronics, among others. Through Banco Ahorro Famsa SA Institucion de Banca Multiple, the Company is also involved in the provision of a variety of banking and sales financing services to its retail customers.
GRUPO FAMSA, S.A.B. DE C.V. 
