On Wednesday, El Puerto de Liverpool (OTC:ELPQF) received an upgrade from Itau BBA. The firm upgraded El Puerto’s rating from Market Perform to Outperform, with a price target of MXN 195. This upgrade reflects a positive outlook on the company’s future performance.
A woman in a retail store trying out a product, showcasing the retail colocation of the company.
The company released its Q1 2025 key business developments on April 25, 2025. El Puerto reported a revenue of MXN 45.5 billion in Q1 2025, which represented a 10.4% year-over-year increase. This was driven by all of the company’s segments: retail revenue increased by 9.5%, financial services revenue by 16.8%, and real estate revenue by 14.3%. Specifically, Liverpool sales grew by 7.9%, and Suburbia’s same-store sales increased by 7.3%. 6 new Liverpool express units and 1 new Suburbia store were also opened.
El Puerto’s omnichannel strategy is proving effective, with total Gross Merchandise Volume/GMV growing by 15.8% year-over-year, and significant digital growth in both Liverpool and Suburbia. Liverpool’s digital sales now account for 28.7% of its total sales, while Suburbia’s digital share reached 6.2%. The company also saw a 6.5% rise in customer traffic and a 1.4% increase in average transaction value.
El Puerto de Liverpool operates a chain of department stores primarily in Mexico. It operates through Liverpool Commercial, Suburbia Commercial, Real Estate, and Credit segments.
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This article is originally published at Insider Monkey.
