Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF)
OTHER OTC:GRBMF
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, record profitability and meaningful margin expansion across multiple regions supported by productivity gains, successful acquisitions and ESG progress. Near-term headwinds include North American top-line softness and volume declines, integration costs in Latin America (Wickbold), increased financial expenses from energy hedge mark-to-market movements, and currency-related impacts that could mute reported growth in pesos. Management provided constructive guidance for modest organic growth and slight margin expansion in 2026 while flagging short-term integration and macro pressures.Company Guidance
Record financial results and margin expansion
Grupo Bimbo delivered record levels of sales and adjusted EBITDA in 2025; company-level adjusted EBITDA margin expanded by 30 basis points to 13.9% (annual), described as the second-highest annual margin in company history.
Strong Mexico performance
Mexico achieved 4.8% sales growth in Q4 (all-time high for a fourth quarter) with Q4 adjusted EBITDA margin expanding ~40 basis points to ~22% (quarter); full-year Mexico adjusted EBITDA margin reported at 20.4%, driven by distribution efficiencies, productivity gains and disciplined cost control.
North America productivity and margin recovery
Despite a soft consumption environment, North America delivered a Q4 EBITDA margin expansion of 330 basis points to 9.2% (Q4) and full-year margin expansion of ~60 basis points to 9.0%, driven by transformation productivity (manufacturing, logistics, admin) and improved revenue growth management; market-share gains reported in buns & rolls, mainstream bread and salty snacks.
EAA (Europe, Asia & Africa) strong growth and margin expansion
EAA sales (ex-FX) increased 17.8% in the quarter to an all-time high; adjusted EBITDA margin expanded by ~420 basis points in the quarter to a double-digit Q4 margin of 13.8%. Management reports a record annual EAA margin (10.8% with ~300 bps annual expansion), supported by organic strength, productivity and accretive acquisitions.
Latin America top-line strength (ex-FX)
Latin America net sales (ex-FX) grew 15.4% in Q4 to a record quarter, aided by the acquisition of Wickbold in Brazil (Oct 2025) which expands market presence and synergy potential.
Productivity, innovation and innovation-rate
Company captured record productivity benefits (notably in North America); innovation rate now exceeds 12%, with new product launches (e.g., Sara Lee half loaves, Thomas Protein bagels) aimed at evolving consumer needs.
Capital allocation and balance sheet actions
CapEx for 2025 was $1.2 billion (below prior year and original guidance of $1.3–1.4B); MXN 5.6 billion returned via dividends and buybacks; total debt closed at MXN 154 billion while net debt/adjusted EBITDA improved 0.2x to 2.7x; successfully issued MXN 12 billion in bonds with MXN 19 billion demand.
ESG and sustainability milestones
Key ESG achievements in 2025: 98% of bread/buns/breakfast portfolio deliver positive nutrition; ~48% of sales meet/exceed a 3.5-star Health Star Rating benchmark; 100% reuse of treated water vs 2020 baseline; >500,000 hectares under sustainable agriculture practices; 99% recyclable packaging; >40,000 electric vehicles in fleet electrification efforts.
Guidance and outlook for 2026 (organic)
Excluding FX, management expects 2026 sales to increase in the low- to mid-single-digit range driven by growth across regions in local currency and a slight adjusted EBITDA margin expansion driven by operational leverage and efficiencies; CapEx guidance set at $1.2–1.4 billion for 2026.
GRBMF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GRBMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $4.00 | $4.00 | 0.00% |
Oct 28, 2025 | $3.49 | $3.47 | -0.57% |
Jul 24, 2025 | $2.56 | $2.89 | +12.67% |
Apr 29, 2025 | $3.39 | $2.94 | -13.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF) report earnings?
Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF) earnings time?
Grupo Bimbo S.A.B. de C.V. (ADR) (GRBMF) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GRBMF EPS forecast?
GRBMF EPS forecast for the fiscal quarter 2026 (Q1) is 0.03.