Earnings release
Page 1
L Liverpool Grupo BMV LIVEPOL EL PUERTO DE LIVERPOOL , S.A.B. DE C.V. FIRST QUARTER 2021 RESULTS PRESS RELEASE El Puerto de Liverpool initiated the first quarter with all of its stores in Mexico City , the State of Mexico , Puebla and various other states closed as a result of the tough ' red light ' COVID 19 restrictions as of December 19th . In the State of Mexico , stores were permitted to reopen as of the last week of January , and starting on Tuesday , February 9th in Mexico City . The reopening was subject to capacity restrictions , such as number of people per family , closures on certain days of the week and strict health control measures . We were able to offset part of the impact of store closures by offering Click & Collect by car for the delivery of merchandise . Results : Given the importance of Central Mexico to our business , and considering the store closings mentioned above , all of our businesses were negatively impacted . On the other hand , the comparison base as of the second half of March 2020 already reflects the sanitary restrictions associated with the pandemic . • For Liverpool , same store sales increased by 1.2 % in the quarter . ● For Suburbia , same store sales decreased by 16.7 % in the period . • Total revenues during the quarter decreased by 4.3 % . • The EBITDA for the quarter was Ps . $ 2.280 billion . • Net profit for the quarter was Ps . $ 690 million . In these cond the digital channel credit card collection and customer service . again played an important role in terms of sale Our digital channel reported an increase in sales of 3.1 times for the quarter , while growth in website visits doubled and the conversion rate increased by 30 % . Marketplace sales grew by more than 330 % . Liverpool's digital share of sales during the first quarter was 26.0 % compared to 9.3 % in the first quarter of 2020 . The logistics area continued to experience significant challenges in the quarter as the volume of last mile deliveries increased by 191 % . The delivery commitment to our Customers was met in 96 % of cases . Home delivery remains our Customers ' preferred method , with direct deliveries from our store to Customers ' homes growing by 34x . Our omnichannel model allows us to deliver directly to our Customers in 24 hours or less . We improved the delivery times for our Click & Collect offering , meaning we are now able to have merchandise available for our clients in just four hours if their chosen store has the requested items in stock .