The Port of Liverpool recorded a positive third quarter: it increased sales in its stores with more than a year in operation, maintained a healthy overdue portfolio and made progress in an ambitious logistics project to group the logistics operations of its chains and boutiques in the Logistics Platform North Arch (PLAN).
Despite the inflationary scenario that has reduced the income of Mexicans, sales to stores with more than a year in operation, known as equal stores, increased 19.3% in the quarter. In Suburbia, the increase was 16.1%, according to its latest report sent to the Mexican Stock Exchange.
The Port of Liverpool explained that the result is due to greater dynamism in the softline categories (products such as clothing and footwear) and the opening of new stores. On September 20, Liverpool Tijuana was inaugurated, opening with which it covers the last metropolitan area of the country where it did not yet have a presence.
The retailer highlighted that the regions of the Center, Bajío and the State of Mexico stand out for their good performance, while the Metropolitan Area of Mexico City, the Northwest and the Gulf perform below average.
Even with the current levels of inflation, which increasingly adjust the portfolios of the compadres, the group that integrates the Liverpool and Suburbia chains maintains its non-performing portfolio level at 2.8%. This is the lowest level for a third quarter in a decade.
The group led by Graciano Guichard registered between July and September 38,054 million pesos in income, 19.6% more than the 31,828.9 reported in the same period of the previous year, according to the information in its financial statement.
In the third quarter, the company reached a net profit of 3,079 million pesos, 35.5% higher than the previous year. The EBITDA -operating flow- for the period closed at 6,189 million pesos, 18.3% above 2021, when it reported 5,231.8 million pesos.
Consolidation of logistics operations
The group closed its distribution center in Huehuetoca, State of Mexico, in September, to concentrate all operations in PLAN, from where it will distribute big ticket merchandise, which refers to products such as televisions and technology. With this movement, the company claims to have increased its capacity to serve 70% more customers.
“The PLAN project transforms our supply chain with important innovations in infrastructure, transportation, management and distribution of merchandise. The ship integrates for the first time the logistics processes of Liverpool, Suburbia and its boutiques”, detailed the company in its financial statement for the third quarter of the year.
The company also increased its inventories 26%, with which it is expected to meet the demand for promotional events towards the end of the year.
The Port of Liverpool advances in deliveries to end customers. Those made in five days or less improved 15% against the same period of the previous year, while Click & Collect gained participation, representing 34% of digital sales during the third quarter of the year. Nine percentage points above the previous year.
Direct store deliveries represented 16.7% of total sales, growing 2.4 times compared to the previous year.
