During the third quarter of this year, Grupo Kuo reported a 10% growth in revenues to 17,087 million pesos, driven by a higher level of prices and volume, mainly in the categories of sauces and vegetables from Herdez del Fuerte in the domestic market. , and guacamole and sauces in the United States.
In the last 12 months, Libanius’ sales reached close to 500 million pesos. The company has two plants in Querétaro and more than 300 employees.
Just last week, Gerardo Canavati, director of administration and finance for Grupo Herdez, said in a conference with analysts that the company would focus on designing new marketing strategies that allow it to boost its sales in an inflationary and pricing context. .
In the call, he declared that the company would make a disbursement of 1,300 million pesos and that it would mean a percentage of less than 5% of its assets.