Alsea Cuts 2026 EBITDA Forecast on Weak Spending, Strong Peso

Mexican restaurant operator Alsea has lowered its full-year earnings growth forecast for 2026, citing the dual pressures of weakening consumer spending and an appreciating Mexican peso. The announcement on Monday accompanied a report of a 53% drop in the company's second-quarter net profit.

Revised Outlook and Quarterly Results

Alsea, which operates Starbucks and Domino's Pizza franchises across Latin America and Europe, announced it now expects full-year EBITDA growth in the low-single digits. This marks a downward revision from its previous forecast of mid-single-digit growth.

The revised guidance followed the release of the company's second-quarter results. Key figures from the April-to-June period include:

• Net Profit: 531.5 million pesos ($30.37 million)
• Revenues: 21.09 billion pesos ($1.205 billion)

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Consumer and Currency Headwinds

In its report, Alsea attributed the weaker performance to a slowdown in consumer activity, noting that spending was particularly soft in April. The company's results are often seen as a barometer for consumer health in the regions it serves.

Alsea also highlighted significant currency headwinds. The sustained strength of the Mexican peso against the U.S. dollar and the euro negatively impacted the conversion of its international revenues. The company stated it had budgeted for exchange rates of 19.3 pesos per U.S. dollar and 22.7 pesos per euro, but the stronger peso ultimately reduced the value of its reported earnings.