Strong Global Performance
Grupo Bimbo reported a sequential acceleration in sales growth with record performance outside the U.S. in either sales or EBITDA margin. Innovation rate surpassed 12%, and 99% of daily consumption products are now free from artificial flavors and colorants.
Resilience in Mexico
Sales in Mexico grew by 3%, despite a softer consumer environment, reaching a new all-time high. The record high margin of 20.3% was achieved due to a favorable mix and lower cost of sales.
Latin America Momentum
Excluding FX effects, Latin America set a record for second-quarter net sales with double-digit growth in regions like Brazil and El Salvador. Adjusted EBITDA margin expanded by 100 basis points.
Expansion in Europe, Asia, and Africa
Sales increased by nearly 7%, driven by acquisitions and strong performance in the Bimbo QSR business unit, India, Romania, and the U.K.
Acquisition of Don Don
Grupo Bimbo closed the acquisition of Don Don, a key player in Southeast Europe's baking industry, which is expected to be accretive to earnings.