Mexican baker Grupo Bimbo has posted a 24.5% jump in third-quarter net profit, which was boosted by increased sales in the US.


Bimbo’s earnings increased to MXN1.73bn (US$128m) in the quarter. Sales increased 41.1% year-on-year, rising to MXN29.1bn.


US sales gains were primarily driven by Bimbo’s acquisition of George Weston’s business in the market last year. The company also saw a 16.3% sales lift in Latin America.


Excluding acquisition-related gains, net sales would have risen 4.2% in the period.


Bimbo said that gross margin was up 2.2% in the quarter, to 53.8% of sales. Operating and EBITDA margins rose 1.3% and 1.4% respectively. However, net margin declined 80 bps to 5.9% as a result of higher financing costs relating to debt taken on to fund its US acquisition.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

For the full release click here, or check back later for just-food’s post-conference call insight.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now