Gruma, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 23, 2023 at 03:04 am EST
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Gruma, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MXN 1,556.87 million compared to MXN 1,230.85 million a year ago. Net income was MXN 112.61 million compared to MXN 87.64 million a year ago. Basic earnings per share from continuing operations was MXN 0.3 compared to MXN 0.22 a year ago. Diluted earnings per share from continuing operations was MXN 0.3 compared to MXN 0.22 a year ago. Basic earnings per share was MXN 0.3 compared to MXN 0.22 a year ago. Diluted earnings per share was MXN 0.3 compared to MXN 0.22 a year ago.
For the full year, sales was MXN 5,596.62 million compared to MXN 4,623.57 million a year ago. Net income was MXN 319.22 million compared to MXN 302.16 million a year ago. Basic earnings per share from continuing operations was MXN 0.85 compared to MXN 0.77 a year ago. Diluted earnings per share from continuing operations was MXN 0.85 compared to MXN 0.77 a year ago. Basic earnings per share was MXN 0.85 compared to MXN 0.77 a year ago. Diluted earnings per share was MXN 0.85 compared to MXN 0.77 a year ago.
Gruma, S.A.B. de C.V. is a Mexico-based food holding company. The Company is engaged in corn and flour tortilla production across the world. The Company produces wheat flour and its derivatives, such as flatbreads, wraps, chapatti, and pizza bases plus other food products. Its segments include: Corn flour and packaged tortilla division, which manufactures and distributes approximately 20 varieties of corn flour that are used mainly to produce and distribute different types of tortillas and tortilla chip products in the United States; Corn flour division, which engages principally in the production, distribution and sale of corn flour in Mexico under MASECA brand; and Other segments, which focuses on corn flour, hearts of palm, rice and other products. The Company has operations in the Americas, Europe, Asia and Oceania.
GRUMA, S.A.B. DE C.V. 
