Mexico’s Bimbo sees Q4 net profit rise 66.9% due to strong sales

This post was originally published on this site

Grupo Bimbo’s earnings jumped to 4.8 billion pesos ($235 million) in the October-to-December period, beating the Refinitiv estimate of 3.3 billion pesos ($162 million).

Revenue for the company that operates some 100 brands climbed 14.9% in the last three months of 2021, driven by a mix of favorable prices, the company said.

Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter soared to 13.5 billion pesos, beating the Refinitiv estimate of 12.9 billion pesos.

($1 = 20.5075 pesos at end-December)