Grupo Herdez B de C : Second quarter 2022 earnings release
July 22, 2022 at 09:34 am EDT
Share
Grupo Herdez Second quarter 2022 earnings release
Investors/ By Gene Cantoral
Mexico City, Mexico, July 21, 2022 - Grupo Herdez, S.A.B. de C.V. ("Grupo Herdez" or the "Company") (MSE: HERDEZ) today announced results for the second quarter of 2022, ended june 30, 2022.
Although the current environment continues to challenge us as a company, our top line performance in all segments was very solid. The recent issuance of SLBs reinforces our more than 30-year commitment with investors and highlights the relevance of our sustainability efforts as part of our business model and its contribution to the development of Mexico.
Héctor Hernández- Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez
CONSOLIDATED HIGHLIGHTSFOR THE QUARTER
Net sales were MXN 7.7 billion, 27.4% higher versus the same quarter of last year.
EBIT before other expenses and income increased 23.9% to MXN 755 million.
Consolidated net income was MXN 395 million.
2Q22
%
2Q21
%
% change
Net sales
4,313
100.0
3,727
100.0
15.7
Gross profit
885
20.5
1,152
30.9
(23.2)
EBIT
32
0.7
328
8.8
(90.2)
EBITDA
130
3.0
432
11.6
(70.0)
Net Income
78
1.8
309
8.3
(74.9)
*Figures in millions of MXN*
Download the press release
Download the report
Attachments
Original Link
Original Document
Permalink
Disclaimer
Grupo Herdez SAB de CV published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 13:33:04 UTC.
Grupo Herdez SAB de CV is a Mexico-based company engaged in the food processing sector. The Company's activities are divided into two business segments: Food and Frozen. The Food division focuses on the manufacture and distribution of canned and packed food products in Mexico and the United States. Its offer includes burritos, canned vegetables, guacamole, home-style salsa, honey, jam, ketchup, mayonnaise, mole, mustard, organic food, pasta, spices, tea, tomato puree and tuna, among others. It sells products through a number of brand names, such as Aires de Campo, Barilla, Bufalo, Chi-Chi's, Del Fuerte, Don Miguel, Dona Maria, Embasa, Herdez, La Victoria, McCormick, Wholly Guacamole and Yemina. In addition, it has distribution agreements in Mexico for GoGoSqueez, Kikkoman, Ocean Spray, Reynolds and Truvia products. The Frozen division is responsible for the manufacture and distribution of frozen yogurts and ice creams under the Nutrisa and Helados Nestle brand names.
GRUPO HERDEZ, S.A.B. DE C.V. 
