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%.
Thomas’, a Bimbo Bakeries brand producing grocery store English muffins and bagels in the U.S., expanded its breakfast portfolio with the launch of its new Croissant Bread. It has the flaky delicate layers of a croissant baked into a loaf, which is sliced for convenience.
Grupo Bimbo is listed for the first time in TIME magazine’s ‘World’s Best Companies’. The ranking is established together with market research specialist Statista. According to the research, Grupo Bimbo is the highest-ranked Mexican company in the publication.
David Wagstaff, the managing director of St Pierre Groupe, discusses how the cost-of-living crisis is impacting the industry. He also
Grupo Bimbo’s net sales reached a record level for a second quarter at Ps. 100,366 million, a 4.1% increase. The adjusted EBITDA rose by 7.8%. In Q2, the company acquired National Choice Bakery, a US-based bagel producer.
Zero Carb Company, a gluten-free, zero-carb bread startup company, announced a partnership with
Grupo Bimbo, active in more than 34 different countries. Zero Carb Company spent five years in R&D for a tasty, gluten-free, carbohydrate-free bread range.
Canada Bread will pay a CAD 50 million fine concerning two wholesale price increases implemented by Weston Foods (Canada) and Canada Bread more than a decade ago, when Canada Bread was majority owned and controlled by Maple Leaf Foods.
Grupo Bimbo issued sustainability-linked bonds (Certificados Bursátiles) in its home market of Mexico, for a total amount of MXN 15,000 million (EUR 807,000), the largest corporate sustainability-linked bond (SLB) in the history of the Mexican market.
Thomas’® announced new entries to its breakfast portfolio, which include Everything Mini Bagels and the brand’s first keto product, Thomas’ Keto Bagel Thins Bagels. Both product ranges are now available at major retailers throughout the US.
Bimbo Ventures, the venture capital arm of Grupo Bimbo, made a minority investment in Olyra Foods, a producer of organic and nutritional breakfast biscuits made with stone-milled ancient Greek grains. The funding will help Olyra Foods further expand its presence in retail and online marketplaces. Olyra biscuits are available online as well as in over 5,000 retail locations in the US.
Setting a sustainability strategy requires a holistic approach. By Maggie Glisan Tune into the news at any given moment, and
Setting a sustainability strategy requires a holistic approach. By Maggie Glisan Tune into the news at any given moment, and
