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Gruma and Bimbo Sustain EBITDA as Profits Slide

Operational efficiencies drove EBITDA gains for the producers despite net income declines from weak U.S. demand.

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Overview

  • Gruma’s Q2 EBITDA rose 1% to $289.7 million even as net sales fell 4% and net income contracted 2%.
  • Gruma’s U.S. revenue dropped 5% to $875.7 million while its European unit delivered a 16% sales surge.
  • Grupo Bimbo posted record second-quarter net sales of MXN 107,503 million, up 9.4% year-on-year, buoyed by exchange rates and acquisitions.
  • Bimbo’s adjusted EBITDA increased 6.7% to MXN 14,897 million even as North American margins narrowed amid weak consumer spending.
  • Both firms outlined major capex plans, with Gruma allocating $56 million to plant maintenance and capacity expansion and Bimbo ramping up automation investments.