Alsea stock reports weaker Q2 results as profit falls 48.4 percent

Published on 10/07/2026 at 15:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alsea stock faces a 48.4 percent Q2 profit decline reported on September 25, 2026. Goldman Sachs set a MXN 52.30 target after upgrading its rating to Neutral.

Alsea, MXP001661315, Illustration mit AI erstellt.

Alsea stock is tied to a sharp Q2 earnings reset, with net income falling 48.4 percent to MXN 528 million in the quarter ended June 30, 2026. The result puts weaker consumer demand, currency movements and operating leverage at the center of the investment case.

Profit drops as sales soften

According to Investing.com on September 25, 2026, Alsea's Q2 revenue declined 0.9 percent to MXN 20.21 billion, while EBITDA fell 6.2 percent to MXN 2.8 billion. Net income reached MXN 528 million, down 48.4 percent from the comparable period.

The pressure was concentrated in the underlying operating picture, but the same report showed a more constructive split within sales. Foreign exchange-adjusted revenue increased 3.5 percent, while same-store sales rose 2.6 percent during Q2 2026.

Goldman shifts to Neutral

Goldman Sachs upgraded Alsea from Sell to Neutral and set a MXN 52.30 price target, according to Investing.com on September 25, 2026. The change followed a 17 percent decline in Alsea shares in US dollar terms and a 14 percent year-to-date de-rating cited in the report.

Goldman Sachs argued that valuation now reflects more of the difficult consumer backdrop, while identifying the Mexican macro cycle and the Starbucks Mexico turnaround as conditions for a more constructive view. The rating change therefore balances cheaper valuation against weaker near-term earnings momentum.

Results date is October 21

MarketBeat lists October 21, 2026, as Alsea's next earnings date. That report will give investors a fresh test of whether the 3.5 percent foreign exchange-adjusted sales growth and 2.6 percent same-store sales increase can offset the Q2 profit decline.

Alsea's investor-relations page describes the group as a restaurant operator across Latin America and Europe, with fast-food, cafe and full-service restaurant formats. Its listed operating footprint includes 1,929 fast-food units, 1,964 cafes and 908 full-service restaurants, according to Alsea.

Alsea stock keeps valuation in view

Alsea's market capitalization was USD 2.0 billion on October 6, 2026. The combination of a 48.4 percent earnings decline, a 2.6 percent same-store sales gain and Goldman Sachs' MXN 52.30 target leaves the October 21 results as the next concrete checkpoint for the shares.