Grupo Sports World, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2023

Grupo Sports World SAB de CV is a Mexico-based company engaged, together with its subsidiaries, in the management of a network of membership fitness and wellness centers, which operate under such names as Sports World Club, SW Gym Plus, Fitkidz, In Shape, Sports World Fit and SW Gym, among others. The Company has operations established in such cities as Tijuana, Hermosillo, Monterrey, Veracruz and Puebla. As of December 31, 2011, the Company owned such subsidiaries as Operadora y Administradora SW SA de CV and Grupo Concentrador de Servicios SA de CV, and Nexxus Capital SA de CV was its major shareholder with 20.34% of its interest. In August 2013, the Company's new club, SW Reforma Rhin, has initiated its operations.