Bimbo's U.S. sales jump more than 7%

by Jeff Gelski
Share This:

MEXICO CITY — A favorable sales mix and new product launches helped drive U.S. sales growth of 7.3% for Grupo Bimbo S.A.B. de C.V. in the first quarter ended March 31. Sales of NP4,118 million ($376.8 million) compared with NP3,836 million in the previous year’s first quarter. U.S. operating profit increased to NP61 million ($5.6 million) from NP45 million.

Oroweat and Hispanic brands led first-quarter U.S. performance. The entire U.S. portfolio and all regions in the country reported volume gains. Price increases implemented in September and in the first quarter of 2007 mainly helped to offset rising raw material costs. The average U.S. price increase implemented in the first quarter was 4.1%.

Companywide, Mexico City-based Grupo Bimbo S.A.B. de C.V. recorded first-quarter net income of NP783 million, almost 14% above NP667 million in the previous year’s first quarter. Net sales rose 10% to NP16,991 million behind sustained volume growth and market penetration in each of the company’s operating regions.

In Mexico, sales increased more than 8% to NP11,671 million and operating profit rose to NP1,075 million from NP1,020 million. In Latin America, sales increased more than 26% to NP1,540 million. Operating profit in Latin America was NP41 million, which followed an operating loss of NP9 million in the previous year’s first quarter.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.








The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.