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.