MEXICO CITY
,
October 20, 2023
(press release)
–
Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the third quarter ended September 30, 2022. “This quarter results reflect a recovery in consumption as well as a significant expansion in our gross margin after the disruptions caused by the pandemic. In the near term, we anticipate a normalization of inflation, which will allow us to focus on innovation and various initiatives to stimulate demand,” said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez. CONSOLIDATED HIGHLIGHTS FOR THE QUARTER 3Q2023 % 3Q2022 % % cambio Sales 9,019 100.0 7,961 100.0 13.3 Gross Profit 3,670 40.7 2,702 35.0 23.2 EBIT 1,282 14.2 854 10.7 50.1 Consolidated Net Income 830 9.2 469 5.9 76.8 EBITDA 1,600 17.7 1,170 14.7 36.8 Figures in Millions of MXN * EBITDA = Earnings Before Taxes Depreciation and Amortization 
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