Grupo Herdez B de C : First Quarter 2024 earnings release
April 18, 2024 at 01:57 pm EDT
Share
/ General/ By avictoria
Mexico City, Mexico, April 17, 2024 - Grupo Herdez, S.A.B. de C.V. ("Grupo Herdez" or the "Company") (MSE: HERDEZ) today announced results for the first quarter ended March 31, 2024.
"We begin 2024 with a significant expansion in our margins driven by lower costs of key raw materials. In the coming months, we will reinvest part of these benefits in the market,.", said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez.
FIRST QUARTER RESULTS
1Q2024
%
1Q2023
%
% cambio
Net Sales
8,886
100
8,632
100
2.9
Gross Profit
3,500
39.4
3,138
36.4
11.5
EBIT
1,249
14.1
1,046
12.1
19.4
Consolidated Net Income
840
9.5
797
9.2
5.4
EBITDA
1,561
17.6
1,316
15.2
18.6
Figures in millions of MXN.
*EBITDA= Earnings Before Interest Taxes Depreciation and Amortization
Download Full Report
Download Press Release
Attachments
Original Link
Permalink
Disclaimer
Grupo Herdez SAB de CV published this content on
17 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
18 April 2024 17:56:04 UTC.
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. 
