Liverpool Q1 Sales Slip as Security Turmoil and Cautious Shoppers Weigh on Stores

Overview

• Liverpool said Tuesday that first‑quarter revenue edged down 0.2% to 45,418 million pesos.
• Same‑store sales fell 2.5% at Liverpool department stores and 3.1% at Suburbia as in‑store traffic weakened.
• Management linked February security incidents tied to actions against CJNG leader Nemesio Oseguera to two‑to‑three‑day store closures in Jalisco, the Pacific, and the Bajío, which cooled spending in the following weeks.
• Profitability came under pressure, with net income down 17.2% to 1,915 million pesos and EBITDA down 6.2% to 5,143 million pesos.
• Online momentum partly softened the blow, with digital making up 31.4% of sales and digital gross merchandise value rising 12.4%.