MEXICO CITY , April 18, 2024 (press release) –
Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the first quarter ended March 31, 2024.
“We begin 2024 with a significant expansion in our margins driven by lower costs of key raw materials. In the coming months, we will reinvest part of these benefits in the market,.”, said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez.
| 1Q2024 |
% |
1Q2023 |
% |
% cambio |
|
| Net Sales |
8,886 | 100 | 8,632 | 100 | 2.9 |
| Gross Profit |
3,500 | 39.4 | 3,138 | 36.4 | 11.5 |
| EBIT |
1,249 | 14.1 | 1,046 | 12.1 | 19.4 |
| Consolidated Net Income |
840 | 9.5 | 797 | 9.2 | 5.4 |
| EBITDA |
1,561 | 17.6 | 1,316 | 15.2 | 18.6 |
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistribute or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.