Grupo Herdez, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 22, 2021 at 04:05 pm EDT
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Grupo Herdez, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 6,019.852 million compared to MXN 6,091.444 million a year ago. Operating income was MXN 539.641 million compared to MXN 646.520 million a year ago. Net income was MXN 125.591 million compared to MXN 133.585 million a year ago. Basic earnings per share was MXN 0.35 compared to MXN 0.35 a year ago. For the half year, sales was MXN 11,868.936 million compared to MXN 11,843.826 million a year ago. Operating income was MXN 1,185.492 million compared to MXN 1,505.580 million a year ago. Net income was MXN 305.799 million compared to MXN 379.955 million a year ago. Basic earnings per share was MXN 0.84 compared to MXN 0.97 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. 
