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Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF)
OTHER OTC:GRBMF
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -17.73%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong overall performance with record EBITDA margins and strategic growth through acquisitions. However, challenges in North America and Latin America, along with structural adjustments, present ongoing hurdles.Company Guidance
During the Q3 2024 earnings call for Grupo Bimbo, the company reported a strong financial performance with a net sales increase of 7.4% and a record adjusted EBITDA margin of 14.7%. In Mexico, net sales improved by 6.6% and the EBITDA margin reached nearly 22%, while in the EAA region, the EBITDA margin hit a record 10%. Despite a challenging environment in North America, where net sales declined by 4% due to weak consumption and strategic exits from certain non-branded businesses, the company observed a slight sequential improvement. In Latin America, net sales rose by 7.7%, driven by strong results in Brazil and smaller countries like Costa Rica and El Salvador, despite challenges in Colombia and Chile. The company also completed several strategic acquisitions, including in Uruguay and Brazil, which are expected to enhance its portfolio and market position. Looking forward, Grupo Bimbo plans to focus on volume growth and productivity optimization while managing its global footprint through strategic closures of five bakeries.Record Adjusted EBITDA Margin
Grupo Bimbo achieved a record adjusted EBITDA margin for the third quarter at 14.7%. The company attributes this success to positive volume growth and strategic cost management.
Strong Performance in Mexico and EAA
In Mexico, net sales improved by 6.6% with a strong EBITDA margin of nearly 22%, benefiting from positive volume and a favorable mix effect. In the EAA region, the company achieved the highest EBITDA margin ever at 10%.
Successful Strategic Acquisitions
Completed acquisitions in Uruguay and signed an agreement to acquire Don Don in Southeast Europe, expanding Grupo Bimbo's footprint and contributing to growth.
Recognition and Social Responsibility
Grupo Bimbo received multiple recognitions, including being named one of the world's best employers by Forbes and achieving a successful global race that contributed to food bank donations.
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GRBMF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GRBMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $3.15 | $3.10 | -1.59% |
| Jul 24, 2024 | $3.62 | $3.68 | +1.66% |
| Apr 22, 2024 | $4.12 | $4.15 | +0.73% |
| Oct 26, 2023 | $4.26 | $4.37 | +2.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF) report earnings?
Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF) earnings time?
Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRBMF EPS forecast?
Currently, no data Available
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