Grupo Herdez, S.A.B. De C.V. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 21, 2020
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Grupo Herdez, S.A.B. De C.V. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was MXN 5,817 million compared to MXN 5,569 million a year ago. Net income was MXN 60 million compared to MXN 205 million a year ago. For the nine months, sales was MXN 17,661 million compared to MXN 16,443 million a year ago. Net income was MXN 440 million compared to MXN 741 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. 
