What: El Palacio de Hierro reported 9% revenue growth in Q3, with digital sales up 30% and a new CEO leading the company.

Why it is important: El Palacio de Hierro’s performance demonstrates sustained outperformance in revenue and digital sales.

El Palacio de Hierro continues to set the pace in the Mexican department store sector, closing the third quarter with a 9% revenue increase and an 11.3% year-to-date surge, reaching $2.197 billion. The company’s net profit stood at $94 million, while gross operating profit rose by 6.4% to $302 million. This strong performance is driven by a significant boost in digital sales, which grew 30% year-on-year, maintaining the momentum established earlier in the year. The company’s digital channel had already shown a 27% increase in the first half, underscoring the effectiveness of its omnichannel strategy. Leadership transition also marked this period, as Eléonore de Boysson became the first woman to lead the company, bringing a new perspective to its executive team. El Palacio de Hierro’s growth notably outpaces the national average for both the retail and department store segments, reinforcing its position as a leader in luxury retail and exclusive distributor of major international brands in Mexico.

IADS Notes: El Palacio de Hierro’s Q3 results are consistent with its earlier financial achievements, including 12% revenue growth in both Q1 and H1 2025 and 11% in 2024, as reported in Modaes (February, April, July 2025). Digital sales have consistently driven this momentum, with gains of 27–28% in previous periods, while the appointment of Eléonore de Boysson as CEO in May 2025 (Press Release) and new luxury brand partnerships (Fashion Network, June 2025) have further strengthened the company’s leadership and market position.

El Palacio de Hierro reports 9% revenue growth in 2025 Q3, nets $94 million