Grupo Bimbo, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 01:35 pm EDT
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Grupo Bimbo, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 102,821.09 million compared to MXN 85,659.3 million a year ago. Net income was MXN 6,062.16 million compared to MXN 4,020.54 million a year ago. Basic earnings per share from continuing operations was MXN 1.27 compared to MXN 0.83 a year ago. Diluted earnings per share from continuing operations was MXN 1.27 compared to MXN 0.83 a year ago. Basic earnings per share was MXN 1.37 compared to MXN 0.9 a year ago. Diluted earnings per share was MXN 1.37 compared to MXN 0.9 a year ago.
For the nine months, sales was MXN 289,977.79 million compared to MXN 244,241.77 million a year ago. Net income was MXN 16,667.4 million compared to MXN 11,090.09 million a year ago. Basic earnings per share from continuing operations was MXN 3.44 compared to MXN 2.26 a year ago. Diluted earnings per share from continuing operations was MXN 3.44 compared to MXN 2.26 a year ago. Basic earnings per share was MXN 3.74 compared to MXN 2.47 a year ago. Diluted earnings per share was MXN 3.74 compared to MXN 2.47 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.
GRUPO BIMBO, S.A.B. DE C.V. 
