Grupo Herdez, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 21, 2021 at 04:30 pm EDT
Share
Grupo Herdez, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was MXN 6,766.67 million compared to MXN 5,817.44 million a year ago. Net income was MXN 146.56 million compared to MXN 60.18 million a year ago. Basic earnings per share from continuing operations was MXN 0.41 compared to MXN 0.17 a year ago. Diluted earnings per share from continuing operations was MXN 0.41 compared to MXN 0.17 a year ago.
For the nine months, sales was MXN 18,635.61 million compared to MXN 17,661.26 million a year ago. Net income was MXN 452.36 million compared to MXN 440.13 million a year ago. Basic earnings per share from continuing operations was MXN 1.25 compared to MXN 1.14 a year ago. Diluted earnings per share from continuing operations was MXN 1.25 compared to MXN 1.14 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. 
