Latest news with #GrupoBimboSABdeCV
Business Insider
21-05-2025
- Business
- Business Insider
Analysts' Opinions Are Mixed on These Consumer Goods Stocks: Diageo (OtherDGEAF) and Grupo Bimbo SAB de CV (OtherGRBMF)
Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Diageo (DGEAF – Research Report) and Grupo Bimbo SAB de CV (GRBMF – Research Report). Confident Investing Starts Here: Diageo (DGEAF) Kepler Capital analyst Richard Withagen maintained a Buy rating on Diageo on May 19 and set a price target of p2700.00. The company's shares closed last Tuesday at $29.32. According to Withagen is ranked #6800 out of 9558 analysts. Diageo has an analyst consensus of Moderate Buy, with a price target consensus of $33.32, representing a 18.1% upside. In a report issued on May 7, Bernstein also maintained a Buy rating on the stock with a £28.50 price target. Grupo Bimbo SAB de CV (GRBMF) In a report released yesterday, Ricardo Alves from Morgan Stanley initiated coverage with a Sell rating on Grupo Bimbo SAB de CV and a price target of peso49.00. The company's shares closed last Tuesday at $2.91.
Yahoo
30-04-2025
- Business
- Yahoo
Grupo Bimbo SAB de CV (BMBOY) Q1 2025 Earnings Call Highlights: Record Sales Amidst North ...
Consolidated Sales: Record-breaking sales in the first quarter. Mexico EBITDA Margin: 19%. Latin America EBITDA Margin Increase: 50 basis points. North America Sales Decrease: 4.9% excluding FX effect. Canada EBITDA Margin Contraction: 130 basis points. Latin America Net Sales Increase: 5.2% excluding FX effect. Europe, Asia, and Africa Sales Increase: 4.5% excluding FX effect. Europe, Asia, and Africa EBITDA Margin: 7.2% unchanged from Q1 2024. CapEx: $260 million, 20% lower than Q1 2024. Total Debt: MXN161 billion. Net Debt to Adjusted EBITDA Ratio: 2.9 times. Full-Year Guidance Adjustment: High single-digit sales growth, mid-single digit EBITDA growth. Warning! GuruFocus has detected 6 Warning Sign with BMBOY. Release Date: April 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Grupo Bimbo SAB de CV (BMBOY) achieved record-breaking sales in the first quarter, driven by exceptional diversification and global presence. The company reported high single-digit growth in EBITDA, with Mexico reaching a 19% EBITDA margin, highlighting operational strength. Grupo Bimbo SAB de CV (BMBOY) was named one of the World's Most Ethical Companies for the ninth consecutive year, reflecting its commitment to ESG principles. Sales in Latin America increased by 5.2%, with strong performance in Brazil, Argentina, and the Central America region, contributing to a 50 basis point expansion in adjusted EBITDA margin. The company is actively broadening its distribution footprint and leveraging channel-specific strategies to deliver compelling value across various markets. Sales in North America decreased by 4.9% due to a soft consumption environment and the impact of last year's strategic exit from certain non-branded items. Adjusted EBITDA margin in Canada contracted by 130 basis points, primarily due to soft top-line performance and strategic investments in transformation projects. The company faces challenges in North America with a weak consumer environment and ongoing strategic investments impacting EBITDA margins. In Europe, Asia, and Africa, the adjusted EBITDA margin remained unchanged due to the impact of minimum wage increases and the phase-out of wage subsidies in Romania. Grupo Bimbo SAB de CV (BMBOY) revised its full-year guidance, anticipating a softer consumption environment in North America and a slight margin contraction compared to last year. Q: Can you provide insights into the early benefits of your investments in the US and any changes in guidance due to the current global scenario? A: Mark Bendix, Deputy CEO, explained that Grupo Bimbo is optimizing its North American operations by integrating people, processes, technologies, and systems. This transformation is a multi-year plan aimed at enhancing operational efficiency and expanding customer base. Diego Gaxiola, CFO, added that current tariffs have minimal direct impact on Grupo Bimbo due to the USMCA framework. The guidance adjustments are based on the current US environment, with no additional tariff impacts assumed. Q: What are the consumption trends in Mexico, and how do they compare to North America? A: Rafael Romero, Co-CEO, noted some softness in Mexican consumption, particularly in convenience channels, but highlighted resilience in retail and traditional channels. Despite a softer scenario, Grupo Bimbo sees opportunities to adapt its portfolio and expand in key locations and emerging channels in Mexico. Q: Could you elaborate on the performance and challenges in North America and EAA regions? A: Diego Gaxiola mentioned that specific investment impacts in North America are not disclosed, but margins are sustainable with room for improvement. In the EAA region, labor expenses in Romania and the loss of subsidies have pressured margins, but the company is confident in managing these challenges and continuing margin improvements. Q: How is Grupo Bimbo addressing competitive dynamics and consumer trends in the US? A: Mark Bendix explained that the US market is bifurcating, with economically stressed consumers opting for private labels and affluent consumers choosing premium products. Grupo Bimbo is expanding its value segment offerings and premium products to address these trends, while also adapting promotional strategies post-pandemic. Q: What is the outlook for CapEx and working capital for the year? A: Diego Gaxiola stated that the company generated positive free cash flow in Q1 and is cautious with CapEx execution. While the initial CapEx guidance remains, it may be adjusted slightly lower. The company is focused on improving working capital and expects to generate cash from it, enhancing financial position. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
19-03-2025
- Business
- Yahoo
Packaged Brownies Market Size is Projected to Reach US$ 5.96 Billion by 2031, Exclusive Report by The Insight Partners
Packaged brownies market to register a CAGR of 6.2% during 2024–2031. Leading players are General Mills Inc, McKee Foods Corp, Grupo Bimbo SAB de CV, Britannia Industries Ltd, Elite Foods Pvt Ltd, Rich Products Corp, Flax4Life, Dolci di Maria, Sweet Street Desserts Inc, St Michel Biscuits SAS, Mars Inc, nutrezybars, Dr. August Oetker Nahrungsmittel KG, Marks and Spencer Group Plc, and Pulsin Ltd. US & Canada, March 19, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global packaged brownies market is growing due to the increasing demand for convenience baked goods through e-commerce platforms. The report carries out an in-depth analysis of market trends, key players, and future opportunities. The multicultural composition of many societies highlights various cultural preferences. As individuals from different cultural backgrounds share culinary experiences, there is an increased desire for products that align with specific cultural tastes, contributing to the demand for packaged bakery products. Overview of Report Findings Market Growth: The packaged brownies market is expected to reach US$ 5.96 billion by 2031 from US$ 3.91 billion in 2024; it is anticipated to register a CAGR of 6.2% during 2024–2031. Hectic work schedules are changing the lifestyle and eating habits of consumers, thereby increasing their dependency on convenience food products, such as packaged bakery products. These products allow consumers to save time and effort associated with ingredient shopping and baking preparation. The food industry is witnessing a surge in the consumption of high-quality convenience food. According to a report by the Food Institute, convenience remains a key driver of prepared food sales, with 72% of consumers citing it as a major factor in their purchasing decisions. This shift toward convenient and packaged food options can be attributed to the growing busy lifestyles of consumers. Growth in sales of prepared foods, such as ready-to-eat and ready-to-heat meals, is due to the expansion of meal kit delivery services, grocery store prepared food sections, and online ordering platforms. The rise of single-person households and the elderly population has also fueled this demand. Consumers are willing to pay a premium for convenience, with 40% of respondents willing to pay more for quick-prepared meals. According to the 2023 Food and Health Survey conducted by the International Food Information Council, out of 1,022 people in America (aged between 18 and 80 years), 61% of participants chose convenience as a major factor impacting food buying decisions in 2023, which was 56% in 2022. Preprocessed food allows consumers to save time and effort associated with food preparation and reduces baking time. Thus, the rising demand for packed bakery food drives the packaged brownies market. Expansion of E-Commerce: The emergence of e-commerce has transformed the way people purchase food products. Increasing penetration of the Internet and smartphones, growing purchasing power of consumers, rising convenience provided by online retail shopping platforms, and rapid access to emerging technologies are bolstering e-commerce. According to the US Department of Commerce Retail Indicator Division, e-commerce sales in the US reached US$ 870 billion in 2021, which is 14.2% more than 2020. Furthermore, online grocery sales increased by 170% in 2021 than 2020, accounting for 9.6% of total grocery sales in the US. The online sales of food and beverages increased during the COVID-19 outbreak due to the shutdown of brick-and-mortar stores and the imposition of social restrictions by governments. This results in the rising preference of consumers to buy convenience and packaged food via online retail channels. Increasing Product Innovations and Launches by Key Market Players: Consumers seek convenience, nutrition, and artisanal quality while preparing or purchasing baked goods, prompting manufacturers to enhance product quality and develop innovative products to cater to evolving consumer demands. Manufacturers are investing significantly in strategic development initiatives, such as product innovation, research and development, mergers and acquisitions, and business expansion, to attract a broad customer base and enhance their market position. In February 2024, Bimbo Bakeries USA (a subsidiary of Grupo Bimbo SAB de CV) introduced Entenmann's Brownie Drizzle Drops in two flavors, Triple Chocolate and Creamy Caramel, under Entenmann's Brand. Innovative ingredient sourcing and processing have allowed manufacturers to offer high-quality, allergen-free, and gluten-free baked goods that align with these dietary restrictions. For instance, in August 2023, Beech-Nut Nutrition Co introduced Brownies with Hidden Veggies, a non-GMO vegetable snack made from raisins, butternut squash, and carrots. The product offers a healthier alternative to traditional brownies, containing 2–3 grams of whole grains per serving, which is free from artificial colors and flavors. Thus, increasing product innovations and launches by key players drive the packaged brownies market. Geographical Insights: North America led the market in 2024 with a substantial revenue share, followed by Asia Pacific and Europe. Further, Asia Pacific is expected to register the highest CAGR during the forecast Segmentation Based on flavor, the packaged brownies market is segmented into chocolate, chocolate chip, hazelnut, salted caramel, raspberry, and others. The chocolate segment held the largest share of the market in 2024 By category, the packaged brownies market is bifurcated into gluten-free and conventional. In 2024, the conventional segment accounted for a larger share of the market. In terms of distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment accounted for the largest share of the market. The packaged brownies market is segmented into five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. Competitive Strategy and Development Key Players: General Mills Inc, McKee Foods Corp, Grupo Bimbo SAB de CV, Britannia Industries Ltd, Elite Foods Pvt Ltd, Rich Products Corp, Flax4Life, Dolci di Maria, Sweet Street Desserts, Inc., St Michel Biscuits SAS, Mars Inc, nutrezybars, Dr. August Oetker Nahrungsmittel KG, Marks and Spencer Group Plc, Pulsin Ltd are among the major companies operating in the packaged brownies market. Trending Topics: Bakery ingredients, bakery products, flatbread, decoration and inclusions, and fruit filling, among others. Global Headlines on Packaged Brownies McKee Foods Launched Little Debbie Big Pack Cookies & Creme Brownies Britannia's Sonic Signature Makes Waves in Online Shopping with ZeptoConclusion The packaged brownies market is experiencing steady growth, driven by increasing demand for convenience foods and the rise of busy lifestyles favoring ready-to-eat bakery products. Packaged bakery products such as brownies offer a wide range of food choices that can be easily stored and prepared with minimal effort. The demand for packaged bakery products is strong in urban areas, where consumers seek quick meal solutions without compromising taste or quality. In addition, health-conscious consumers seek packaged brownies with specific dietary requirements, such as gluten-free, organic, or low-calorie. The transition in dietary patterns has driven various manufacturers to expand their product range, thereby fueling market growth. The report from The Insight Partners provides several stakeholders—including raw material suppliers, packaged bakery products manufacturers, distributors/suppliers, and others—with valuable insights to successfully navigate this evolving market landscape and unlock new Report Titles: Brownie Mix Market Strategies, Top Players, Growth, Analysis, and Forecast by 2031 Baked Snacks Market Growth Opportunities, Top Players, and Forecast by 2031 Baked Chips Market Opportunities, Forecast, Size, Competitive Analysis till 2031 Confectionery Market Analysis and Forecast by 2031About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit MathurE-mail: +1-646-491-9876Press Release: in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
Grupo Bimbo SAB de CV (BMBOY) Q4 2024 Earnings Call Highlights: Record Growth and Strategic ...
Release Date: February 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Grupo Bimbo SAB de CV (BMBOY) achieved record top-line growth in 2024, driven by strong performance in Mexico and the EAA regions. The company completed five strategic acquisitions in profitable and growing markets like Eastern Europe and North Africa, enhancing its global profile. Grupo Bimbo SAB de CV (BMBOY) reached 97% renewable electricity globally, with 100% renewable electricity in 28 out of 35 operating countries. The company was recognized for its commitment to global nutrition and health, ranking 4th among food companies evaluated by the Access to Nutrition Initiative. Sales in Latin America increased by 13.8%, with strong growth in countries like Argentina, Paraguay, El Salvador, and Panama. In North America, the topline declined by 5.7% due to a weak consumption environment and strategic exit from certain non-branded businesses. The adjusted margin in North America contracted by 390 basis points, primarily due to strategic investments and one-time charges related to bakery closures. Grupo Bimbo SAB de CV (BMBOY) faced a challenging consumer environment in North America, with prolonged inflationary pressures affecting consumption. The company is still awaiting regulatory approvals for acquisitions in Brazil and the Balkans, which could delay expansion plans. Grupo Bimbo SAB de CV (BMBOY) anticipates a challenging first half of 2025 due to ongoing investments in North America and a strained consumer environment. Warning! GuruFocus has detected 5 Warning Sign with BMBOY. Q: Can you elaborate on the expected benefits from your investments in North America, particularly in the second half of 2025? A: (Diego Aciola, CFO) We anticipate seeing benefits from our investments in North America starting in the second half of 2025. The first half will be challenging due to tough comparisons and ongoing investments. However, we expect to see improvements as the benefits from these investments begin to materialize, alongside a more favorable comparison base. Q: How much of your Mexican operations are exposed to potential tariffs on exports to the US? A: (Rafael Sameer, CEO) Less than 10% of our US revenues come from Mexican exports, so the impact of potential tariffs would be minimal. We have contingency plans to mitigate any impact, including maximizing local production in the US. Q: What are the main drivers behind the 2% year-over-year growth in Mexico's top line? A: (Rafael Sameer, CEO) The growth is primarily driven by volume increases, supported by innovation and a strong market presence. We have been prudent with pricing strategies, focusing on volume growth through new product introductions and market expansion. Q: Can you provide more details on the competitive environment in North America and any changes in consumer trends? A: (Mark Bendix, Executive Vice President) We are seeing a bifurcation in consumer behavior, with economically stressed consumers opting for value offerings and more affluent consumers choosing premium products. Our focus is on expanding our value segment offerings and premium products to capture these trends. Q: What is your strategy for driving growth in North America in 2025, and are there any plans for M&A activities? A: (Mark Bendix, Executive Vice President) Our strategy includes focusing on health-conscious consumers, expanding capacity and distribution, and optimizing our asset base. We are also exploring M&A opportunities that align with our strategic goals, although no specific plans can be disclosed at this time. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
