Grupo Herdez, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 20, 2022
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Grupo Herdez, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 7,666.72 million compared to MXN 6,019.85 million a year ago. Net income was MXN 127.46 million compared to MXN 125.59 million a year ago. Basic earnings per share from continuing operations was MXN 0.370909 compared to MXN 0.349189 a year ago. Diluted earnings per share from continuing operations was MXN 0.370909 compared to MXN 0.349189 a year ago.
For the six months, sales was MXN 14,774.41 million compared to MXN 11,868.94 million a year ago. Net income was MXN 287.82 million compared to MXN 305.8 million a year ago. Basic earnings per share from continuing operations was MXN 0.830244 compared to MXN 0.841015 a year ago. Diluted earnings per share from continuing operations was MXN 0.830244 compared to MXN 0.841015 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. 
