Grupo Sports World, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 05:54 am EDT
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Grupo Sports World, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 460.38 million compared to MXN 333.93 million a year ago. Net loss was MXN 2.76 million compared to MXN 90.01 million a year ago.
For the nine months, sales was MXN 1,312.19 million compared to MXN 939.74 million a year ago. Net income was MXN 70.06 million compared to net loss of MXN 279.16 million a year ago. Basic earnings per share from continuing operations was MXN 0.24 compared to basic loss per share from continuing operations of MXN 3.4 a year ago.
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.
GRUPO SPORTS WORLD, S.A.B. DE C.V. 
