Grupo Bimbo, S.A.B. de C.V. Provides Earnings Guidance for the Full Year of Fiscal 2021
February 24, 2021
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Grupo Bimbo, S.A.B. de C.V. provided earnings guidance for the full year of fiscal 2021. Versus 2019, the company is expecting a low double-digit growth rate for the company's sales and mid- to high teens for its adjusted EBITDA. While versus 2020, the company's sales and adjusted EBITDA will remain essentially flat.
Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others. Its segments comprise Mexico; North America, including the United States and Canada; Organization Latinamerica (OLA), including Central and South America, and Europe. The Company operates in over 20 countries and has approximately 100 brands. The Company offers over 10,000 products under various brand names, such as Bimbo, Barcel, Sara Lee, Oroweat, Marinela, Arnold, Entenmann's, Ricolino, Dempster' and Thomas'. It operates through Groupe Adghal.