Hamburg. (bm) Grupo Bimbo reported its first quarter 2016 financial results. Net sales rose 13.2 percent reflecting FX rate benefit and solid organic growth in Mexico and Latin America. Gross margin expansion of 110 basis points was driven by lower raw material costs in most regions. Operating income increased a significant 50.6 percent, with a 170 basis point expansion in the margin, due to lower restructuring expenses and a disposal of assets. Adjusted Ebitda rose 35 percent, reflecting productivity efficiencies in Mexico and a 230 basis point margin expansion in North America. Net majority income grew 57.6 percent, with a 70 basis point expansion in the margin. Other topics of the week:
- Grupo Bimbo: reports first quarter 2016 results [MX] Fri 04-29
- CSM: Announces Investments and Changes in Global Footprint [US] Fri 04-29
- Mondelez: Reports Q1 Results and Reaffirms 2016 Outlook [US] Fri 04-29
- AAK: Interim Report for the First Quarter 2016 [SE] Fri 04-29
- Pinnacle Foods: names CEO and Director of the Board [US] Fri 04-29
- Yum! Brands: names President and CFO [US] Fri 04-29
- Hershey: Announces Q1/2016 Results, Updates Outlook [US] Thu 04-28
- J+J Snack Foods: Reports Q2/2016 Sales And Earnings [US] Thu 04-28
- Hershey: Acquires barkThins Snacking Chocolate [US] Thu 04-28
- Alpha Baking: Acquires Two Bakeries from ConAgra [US] Thu 04-28
- McDonald’s: Reports First Quarter 2016 Results [US] Wed 04-27
- Real Good Food: Pre-Close Trading Update [UK] Wed 04-27
- Starbucks: Reports Record Q2/2016 Results [US] Tue 04-26
- ADM: Launches Sustainability Progress Tracker [US] Tue 04-26
- Gruma: Reports First Quarter 2016 Results [MX] Mon 04-25
- Premier Foods: Relationship Agreement with Nissin [UK] Mon 04-25
- Via Alibaba: Waitrose to export «Duchy Organic» biscuits to China [UK] Sat 04-23
- Euromonitor: Fast casual dining drives foodservice growth [US] Sat 04-23
