Grupo Bimbo, S.A.B. de C.V. (BIMBOA.MX)
| Previous close | 70.07 |
| Open | 70.31 |
| Bid | 69.83 x 263600 |
| Ask | 70.61 x 342600 |
| Day's range | 69.41 - 72.18 |
| 52-week range | 65.78 - 103.41 |
| Volume | |
| Avg. volume | 2,310,099 |
| Market cap | 306.191B |
| Beta (5Y monthly) | 0.21 |
| PE ratio (TTM) | 11.57 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.94 (1.34%) |
| Ex-dividend date | 10 May 2024 |
| 1y target est | N/A |
- Insider Monkey
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- Reuters
UPDATE 3-Mexican breadmaker Grupo Bimbo's profit plummets nearly 90%
Mexican breadmaker Grupo Bimbo's fourth-quarter net profit plummeted 89% compared to the same period in 2022, the company said in a filing on Monday, citing foreign exchange, higher costs and restructurings notably in North America. In a call with analysts, finance chief Diego Gaxiola said the company had suffered from negative foreign exchange effects due to the appreciation of the Mexican peso, and though margins should contract slightly in the first half of this year they should recover in the second half. Besides foreign exchange, Grupo Bimbo said it had been hit by higher North American labor costs, as well as restructurings including the closure of a bakery in Albuquerque.
- Reuters
Mexican breadmaker Bimbo cuts outlook on strong peso
MEXICO CITY (Reuters) -Mexican breadmaker Grupo Bimbo lowered its sales and earnings guidance for 2023 as it deals with the strong appreciation of the peso, which also hurt second-quarter results released on Tuesday. Bimbo cut its annual sales forecast to low-to-mid single-digit growth, Chief Financial Officer Diego Gaxiola said in a call with analysts, down from a previous projection of mid-to-high single-digit growth. "Compared to our initial sales guidance, we have an impact of more than six percentage points" due to the strength of the peso, Gaxiola said.
