Organizacion Soriana, the Mexican retailer, has posted a jump in third-quarter profits, with cost cuts offsetting a slowdown in sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


In a filing with the Mexican stock exchange, Soriana said net profit rose to MXN551.7m (US$40.8m), up from MXN262.9m in the third quarter of 2008.


Soriana’s sales were hit by the recession, dropping from MXN23.85m last year to MXN21.96m in the third quarter of this year. Same-store sales were down 9.8%.


However, last April the company embarked on a cost-cutting programme, which has seen administration and distribution streamlined as well as cuts to the workforce. The company said that savings totalled MXN447m in the quarter.


The company’s margins improved by 1.2% to 20.6%, the group added.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now