Despite the complicated comparison and the pressure of exchange rates, Grupo Bimbo achieved record sales levels of 88.182 million pesos in the third quarter, a growth of 2.9%, thanks to the strong performance of volumes and a mix of prices.
The president of the company, Daniel Servitje, indicated that they registered a pressure of 6.5% coming from exchange rates, significant inflation and complexities in the supply chain.
“We have sequentially reported record levels in sales and profits and our cash flow has grown consistently. The solid results reflect the dedication of our teams, global diversification, strong demand from our consumers, investments in our brands and pricing strategies ”, he assured.
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Only in Mexico, its sales increased 16.4%, attributable to volume growth, product mix and price increases; Furthermore, most of the categories showed growth, mainly in cookies, sweet bread, pastries, salty snacks and confectionery, as well as the traditional channel and self-service channels.
Bimbo’s operating flow between July and last September amounted to 12,963 million pesos, which represented an increase of 6.9% compared to the same period last year, due to strong sales performance in all regions and solid operating performance.
In turn, the net profit of the Mexican bakery amounted to 4,031, a growth of 11% compared to last year.
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