Cmr, S.A.B. De C.V. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 01, 2021 at 01:32 am IST
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CMR, S.A.B. De C.V. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was MXN 486.526 million compared to MXN 795.973 million a year ago. Operating loss was MXN 54.542 million compared to MXN 46.618 million a year ago. Net loss was MXN 114.214 million compared to MXN 102.458 million a year ago. Basic loss per share was MXN 0.2082 compared to MXN 0.2503 a year ago.
CMR SAB de CV is a Mexico-based company primarily engaged in the management of restaurants. The Company's activities are divided into two business segments: Restaurants and Rental. The Restaurants division is responsible for the operation of fast food and Mexican restaurants under a range of brand names, such as Wings, La Calle, Fonda Mexicana, Chili's, Olive Garden, La Destileria, El Lago, Red Lobster, The Capital Grille, LongHorn Steakhouse and Bistro Chapultepec. The Rental segment includes leasing of commercial real estate. The Company operates in Mexico through Centro Restaurantero Mexicano SA de CV, Gastronomia Especializada SA de CV, Operadora Wings SA de CV and Conturmex SA de CV, among others.