Record Third Quarter Revenues
Sigma achieved record third-quarter revenues of $2.4 billion, an increase of 8% year-on-year and 5% sequentially.
Mexico's Strong Performance
In Mexico, revenues in local currency increased year-over-year and sequentially, driven by retail channel growth and a 1% increase in volume quarter-on-quarter.
Positive Sequential Improvement in EBITDA
Despite a year-on-year decrease, comparable EBITDA increased 3% sequentially, marking the third consecutive quarter of improvement.
Strong Financial Position
Sigma maintained a strong net debt-to-EBITDA ratio of 2.7x at the close of the third quarter.
Growth and Innovation Initiatives
Sigma is advancing in innovation with 46 prototypes developed and 11 innovation commitments in progress, along with the expansion of Grill House into the U.S.