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Mexico’s Alsea reports 98% tumble in third-quarter profit

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(Reuters) – Mexican restaurant chain operator Alsea on Tuesday posted a 98% tumble in its third-quarter net profit, reaching just 11.9 million pesos.

Alsea, which operates chain stores including Starbucks (NASDAQ:SBUX), Burger King and Domino’s Pizza (NYSE:DPZ), also reported quarterly revenues down 64% from a year earlier to 20.74 billion pesos.

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