grupo bimbo
Bimbo white toast bread packaging in the supermarket in Mexico.

20 Feb: Grupo Bimbo announces excellent 2023 results

Grupo Bimbo’s net sales reached a record level of Ps. 399,879 million last year, an increase of 11.4%, according to its Q4 and 2023 report. “In 2023, we witnessed a record-breaking year in several metrics including our Capex investments, marked by outstanding performance despite challenges in certain markets. We remain committed to investing in our business, actively seeking efficiencies and exploring transformational opportunities throughout the supply chain across all the markets we operate,” said Daniel Servitje, Chairman and CEO.

Bimbo white toast bread Blanco Mediano packaging supermarket in Mexico.

01 Nov: Grupo Bimbo reports third quarter 2023 results

Grupo Bimbo’s net sales in Q3 – 2023 reached a record level excluding FX rate impact, growing 8.2% due to favorable price/mix across regions, according to its results for the three months ending on September 30, 2023. Its adjusted EBITDA reached historic levels, Bimbo reports: excluding FX rate impact, it increased by 9.5% and the margin expanded 50 basis points, reaching 14.6%.