MENU
2021 ANNUAL REPORT

Formats and Brands

* Includes Sanborns restaurant-stores; DAX stores; Sanborns Home&Fashion store; Sanborns Café, and Saks Fifth Avenue.
** Other formats include a Sears store in El Salvador.

Grupo Sanborns has a wide geographic presence, focused primarily on Mexico. Our network of stores has a presence in 62 cities of the Republic.

Share of Sales by Subsidiaries
Million pesos

SEARS		 24,365
Sanborns		 13,829
Mixup y iShop		 14,106
Others		 640
52,939
Million pesos

Share of EBITDA by Subsidiaries
Million pesos

SEARS		 2,538
Sanborns		 785
Mixup y iShop		 955
Others		 447
4,742
Million pesos

*For 2019, Financial Expenses for $92 million pesos derived from changes in the reasonable value of investment properties were not considered, nor the $117 million pesos share in the results of subsidiaries and joint businesses. For 2020, $1,489 million pesos from the valuation of the pension fund and retirements, as well as $26 million pesos for the deterioration of real estate were not considered. For 2021, $33 million pesos of gain derived from changes in the reasonable value of investment properties was not considered. See the conciliation of the EBITDA in Note 26 of the Financial Statements.

Total Sales
(Million pesos)

52,842
19
39,205
20
52,939
21

Gross Profit
(Million pesos)
gross margin %

20,125
19
20,334
20
13,609
21
35.5%
34.7%
33.1%

Operating Income
(Million pesos)
operating margin %

4,699
19
1,681
20
2,683
21
8.9%
4.3%
5.1%

EBITDA*
(Million pesos)
EBITDA margin %

6,789
19
2,041
20
4,742
21
12.8%
5.2%
8.9%

Number of
Grupo Sanborns Cards
(Million Cards)

4.16
19
4.41
20
4.48
21