Grupo Herdez, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 26, 2020
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Grupo Herdez, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was MXN 5,977 million compared to MXN 5,848 million a year ago. Operating income was MXN 866 million compared to MXN 925 million a year ago. Net income was MXN 274 million compared to MXN 355 million a year ago. For the full year, sales was MXN 22,420 million compared to MXN 20,971 million a year ago. Operating income was MXN 2,990 million compared to MXN 2,997 million a year ago. Net income was MXN 1,014 million compared to MXN 1,156 million a year ago.
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. 
