Grupo Bimbo, S.A.B. de C.V. Reports Earnings Results for the Third Quarter Ended September 30, 2021
October 29, 2021 at 01:24 pm EDT
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Grupo Bimbo, S.A.B. de C.V. reported earnings results for the third quarter ended September 30, 2021. For the third quarter, the company reported sales was MXN 88,182 million compared to MXN 85,715 million a year ago. Net income was MXN 4,031 million compared to MXN 3,601 million a year ago.
Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others. Its segments comprise Mexico; North America, including the United States and Canada; Organization Latinamerica (OLA), including Central and South America, and Europe. The Company operates in over 20 countries and has approximately 100 brands. The Company offers over 10,000 products under various brand names, such as Bimbo, Barcel, Sara Lee, Oroweat, Marinela, Arnold, Entenmann's, Ricolino, Dempster' and Thomas'. It operates through Groupe Adghal.