La Comer: LACOMER, Quarterly Report 1Q21:Continued to grow,albeit with lower profitability
La Comer maintained an above-sector performance, growing even in spite of a difficult comparative base. The only retailer to have increased sales. As for EBITDA, it advanced at a slower pace than revenues (+3.5% y/y) and reached MXN 749 million, while the corresponding margin contracted 40 bps to 11.3%, as a result of incremental expenses related to the pandemic, as well as higher resources allocated to meet the increase in e-commerce demand.