Palacio de Hierro stock gains as third-quarter revenue rises 7.2%
Published on 11/03/2026 at 02:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSThird-quarter growth broadens
- Financial services were the group's fastest-growing division during the quarter.
- Digital sales outpaced total nine-month revenue growth.
- The group plans to reopen its Monterrey store toward the end of 2026.
Grupo Palacio de Hierro reported consolidated third-quarter revenue of 13,957 million Mexican pesos, up 7.2% from the same period a year earlier, according to a report published by FashionNetwork on November 1, 2026. The company submitted the underlying report to the Mexican Stock Exchange on October 29.
Finance division leads expansion
The financial-services division delivered the strongest quarterly growth, with revenue rising 27.7%. Commercial revenue increased 5.7%, while the real-estate division grew 0.4%. The total margin held at 34.6%, and EBITDA reached 1,681 million pesos, equal to 12% of sales.
Net income reached 383 million pesos in the quarter, 18% above the year-earlier level. For the first nine months, consolidated revenue rose to 42,606 million pesos, with financial services up 15.3% and commercial sales up 4.7%. Digital sales increased 18% over the same period.
Store investment remains active
The group has seen positive results after reopening its Guadalajara store in June following a renovation built around its community-store concept. It expects to reopen its Monterrey location toward the end of 2026. Capital investment reached 2,182 million pesos during the year.
El Palacio de Hierro operates 15 department stores, two Casa Palacio locations, two Boutiques Palacio stores and two outlets. The company is also expanding its online offering across fashion, beauty, jewelry, food and home products.
Premium retail positioning
Grupo Palacio de Hierro operates a Mexican department-store and online retail business focused on premium and luxury products, including fashion, accessories, beauty, jewelry, spirits and home goods. Its customer proposition combines physical stores with online ordering, pickup and delivery services. In the comparison cited by FashionNetwork, the group is growing faster than El Puerto de Liverpool in department-store retail, while its luxury-focused assortment gives it a more specialized position. The company's website highlights brands such as Ferragamo, Saint Laurent, Bottega Veneta, Loewe and TAG Heuer.
Palacio de Hierro business profile
- Company: Grupo Palacio de Hierro
- Third-quarter revenue: 13,957 million Mexican pesos
- Third-quarter net income: 383 million Mexican pesos
- First-nine-month revenue: 42,606 million Mexican pesos
- Retail network: 15 department stores, two Casa Palacio locations, two Boutiques Palacio stores and two outlets
