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Liverpool's Revenues to Grow More than 20% in 4Q 2021: Bx+
- Liverpool, one of Mexico's leading department store chains, is projected to experience a 20.2% increase in revenues in Q4 2021 compared to the same period in the previous year.
- The company also is expected to report double-digit growth in operating cash flow (EBITDA) of 34.5% and a 19.5% growth in in-store sales, surpassing industry estimates.
02/22/2022
The revenues of Liverpool, one of the leading department store chains in Mexico, are expected to increase by 20.2% in the fourth quarter of 2021 compared to the same period the previous year, according to estimates by Marisol Huerta, an analyst at Grupo Financiero Ve por Más (Bx+).
Liverpool is set to announce its financial results for October to December 2021 on February 22nd, with a double-digit growth anticipated for the operating cash flow (EBITDA), projected to rise by 34.5%.A 19.5% growth in in-store sales is expected during the mentioned period, surpassing the ANTAD's estimate of 16.3% for the department store sector.
Additionally, a better performance is anticipated in the clothing category, which had experienced significant declines previously. Furthermore, positive results are expected in online sales as well, with digital sales accounting for 21% of total sales during the third quarter of 2021.
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