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

(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, Burger King and Domino’s Pizza, also reported quarterly revenues down 64% from a year earlier to 20.74 billion pesos.

(Reporting by Sarah Morland and Kylie Madry; Editing by Leslie Adler)