Solid Financial Performance
The company reported a 2.8% increase in consolidated net sales reaching MXN 11.5 billion. EBITDA for the quarter grew 16.7%, reaching MXN 2.7 billion, with an EBITDA margin expansion of 270 basis points to 23.4%.
Strong Performance in Mexico
Mexico posted solid second quarter results with net sales value growing 4.8% and shipments increasing by 7.1% year-over-year.
Tequila Segment Growth
The total Tequila business grew by 0.6% in the U.S., outperforming the total industry decline of 2.5%, confirming its importance as a key growth driver.
Improved Cash Flow and Debt Management
The company generated MXN 1.7 billion in net cash from operating activities. The lease adjusted net debt ratio improved to 1.7x from 1.9x in Q1.