Grupo Gigante, S. A. B. De C. V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 05:54 pm EDT
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Grupo Gigante, 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 6,665.216 million compared to MXN 4,877.881 million a year ago. Operating income was MXN 357.281 million compared to operating loss of MXN 1,476.430 million a year ago. Net income was MXN 127.706 million compared to net loss of MXN 1,962.313 million a year ago. For the half year, sales was MXN 13,299.324 million compared to MXN 12,707.392 million a year ago. Operating income was MXN 763.426 million compared to operating loss of MXN 947.409 million a year ago. Net income was MXN 217.793 million compared to net loss of MXN 1,933.575 million a year ago.
Grupo Gigante, S.A.B. de C.V. is a holding company. The Company's segments include Retail, Restaurants, Real Estate and Corporate. The Retail segment includes specialized stores, which sell office supplies and furniture, as well as office electronics and housewares. The Restaurants segment includes family restaurant chain that offers dishes and service in a casual environment. The Real Estate segment includes development of investment property, retail stores, shopping malls and corporate office buildings leased to tenants, as well as development of housing for sale. The Specialized Retail segment includes Office Depot, with the Casa Marchand, Fesa and Radio Shack, brands, as well as Grupo Prisa in Chile; Tiendas Home Store, and Petco (Joint Venture). The Restaurants segment is composed of Restaurantes Toks, with the Beer Factory and Restaurantes California brands; Panda Express, a franchise of the gourmet Chinese restaurant, and Cup Stop, offering specialty coffee and baked bread.
GRUPO GIGANTE, S. A. B. DE C. V. 
