Becle, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 04:04 pm EDT
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Becle, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 10,542.33 million compared to MXN 11,527.03 million a year ago. Net income was MXN 203.45 million compared to MXN 1,714.76 million a year ago. Basic earnings per share from continuing operations was MXN 0.06 compared to MXN 0.48 a year ago. Diluted earnings per share from continuing operations was MXN 0.06 compared to MXN 0.48 a year ago.
For the nine months, sales was MXN 31,190.26 million compared to MXN 31,928.89 million a year ago. Net income was MXN 2,753.7 million compared to MXN 4,464.71 million a year ago. Basic earnings per share from continuing operations was MXN 0.77. Diluted earnings per share from continuing operations was MXN 0.77.
Becle SAB de CV is a Mexico-based company engaged in the beverages industry. The Company focuses on the production, bottling, trade and distribution of alcoholic and non-alcoholic beverages. Its offer includes various types of tequila distributed under own Jose Cuervo brand name, non-alcoholic drinks, ready-to-drink beverages, as well as other distilled alcohols distributed under third-party brand names, including Three Olives, Hangar 1, Stranahan's, Bushmills and Boodles. Its distribution chain comprises operations in the United States, Mexico and other countries. In addition, the Company is involved in the farming and processing of blue agave. The Company owns a number of subsidiaries, such as Tequila Cuervo la Rojena SA de CV, Casa Cuervo SA de CV and Azul Agricultra y Servicios SA de CV.
BECLE, S.A.B. DE C.V. 
