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Grupo Bimbo, S.A.B. de C.V. (BMBOY)

16.49

-0.06

(-0.36%)

At close: April 25 at 3:24 PM EDT

Entenmann’s parent Grupo Bimbo names Rafael Pamias as CEO

The bakery giant is overhauling its C-suite with the former Danone executive to improve its corporate governance and operations following a prolonged period of growth.

Food Dive 3 days ago

BMBOY
-0.36%
Grupo Bimbo Recognized as One of The World's Most Ethical Companies for the 8th Consecutive Year

For the eighth consecutive year, The Ethisphere Institute recognized Bimbo Canada's parent company, Grupo Bimbo, the world's leading baking company, as one of the 2024 World's Most Ethical Companies®. Following a comprehensive evaluation encompassing cultural analysis, corporate social responsibility, and other initiatives, Grupo Bimbo was acknowledged for its exemplary business integrity, ethical practices, compliance, and governance standards, as well as for its efforts aimed at fostering a po

CNW Group 8 days ago

BMBOY
-0.36%
GRBMF
-0.12%
Bimbo Bakeries USA Earns 2024 ENERGY STAR® Partner of the Year Award for the Seventh Year in a Row

Commercial Baker Honored by the EPA for Energy Management and Efficiency at 19 North American FacilitiesHORSHAM, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Grupo Bimbo and Bimbo Bakeries USA, Inc. is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency. The 2024 award marks the seventh year in row that the EPA has recognized the Company’s dedication to energy management strategy and leadership in t

GlobeNewswire 16 days ago

BMBOY
-0.36%
GRBMF
-0.12%
20 Biggest Snack Companies in the World

In this piece, we will look at 20 Biggest Snack Companies in the World. If you want to skip our analysis on the global snack food market, you can go directly to 5 Biggest Snack Companies in the World. So, the snack food market is on the up and up. It’s expected to go from […]

Insider Monkey last month

UTZ

BMBOY
-0.36%
CPB
Bimbo Bakeries USA Commences Multi-Site Microgrid Energy System at Six California Bakeries

Microgrid System Developed as Part of Conservation Plan Through Partnership with GreenStruxure Microgrid systems are providing nearly 20% of Bimbo Bakeries USA’s energy usage and saving an estimated 1,700 CO2e Tons per year.GreenStruxure, backed by strong partner Schneider Electric, designed and built, and now operates and maintains the renewable energy microgrid systems at all sites. HORSHAM, Pa., March 12, 2024 (GLOBE NEWSWIRE) -- Bimbo Bakeries USA, Inc. today announced the launch of its on-s

GlobeNewswire last month

BMBOY
-0.36%
GRBMF
-0.12%
Grupo Bimbo Recognized as One of the World’s Most Ethical Companies for 8th Consecutive Year

Grupo Bimbo was one of 136 companies from 20 countries and 44 industries to be recognized in 2024.The World's Most Ethical Companies assessment includes more than 240 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. HORSHAM, Pa., March 04, 2024 (GLOBE NEWSWIRE) -- Grupo Bimbo, the world's leading baking company, has been listed for the eighth consecutive year as one of the "World's

GlobeNewswire last month

BMBOY
-0.36%
GRBMF
-0.12%
For the Second Consecutive Year, Grupo Bimbo Receives Recognition for Its Actions to Mitigate the Effects of Climate Change at A Global Level

The Carbon Disclosure Project (CDP) included the bakery in The A List 2023, which highlights companies with the best environmental strategies in the world.Approximately 21,000 global companies from different industries applied for The A List and only 346, including Grupo Bimbo received this rating. HORSHAM, Pa., Feb. 28, 2024 (GLOBE NEWSWIRE) -- For the second consecutive year, the non-governmental organization CDP recognized Grupo Bimbo, the world's largest bakery, for its global efforts to com

GlobeNewswire last month

BMBOY
-0.36%
GRBMF
-0.12%
UPDATE 3-Mexican breadmaker Grupo Bimbo's profit plummets nearly 90%

Mexican breadmaker Grupo Bimbo's fourth-quarter net profit plummeted 89% compared to the same period in 2022, the company said in a filing on Monday, citing foreign exchange, higher costs and restructurings notably in North America. In a call with analysts, finance chief Diego Gaxiola said the company had suffered from negative foreign exchange effects due to the appreciation of the Mexican peso, and though margins should contract slightly in the first half of this year they should recover in the second half. Besides foreign exchange, Grupo Bimbo said it had been hit by higher North American labor costs, as well as restructurings including the closure of a bakery in Albuquerque.

Reuters 2 months ago

BMBOY
-0.36%
Mexican breadmaker Bimbo issues $1.25 billion in bonds through U.S. subsidiary

Mexican breadmaker Bimbo said on Thursday its subsidiary Bimbo Bakeries USA had issued $1.25 billion in bonds. The U.S.-based subsidiary issued $800 million in senior notes maturing in 2036, and reopened 2029 notes originally issued in November to raise an additional $450 million, Bimbo said in a filing. Bimbo, which also makes snacks and sweets, said the funds would partly go to paying down debt, including on notes set to mature this year and amounts the U.S. subsidiary owes its parent company.

Reuters 3 months ago

BMBOY
-0.36%
Grupo Bimbo Signs Aitana Bonmatí, the World’s Best Soccer Player, to Boost Female Talent

Aitana Bonmatí Aitana Bonmatí joins Grupo Bimbo as a brand ambassador. Aitana Bonmatí, FC Barcelona soccer player and Spanish National Soccer Team member, will be the global brand ambassador for BIMBO®️.This agreement aims to promote female talent, equity, nutrition, and healthy lifestyles, in addition to supporting young talent in the context of BIMBO®️'s commitment as a Global Partner of FC Barcelona and as the Main Partner of Female FC Barcelona. HORSHAM, Pa., Dec. 05, 2023 (GLOBE NEWSWIRE) -

GlobeNewswire 4 months ago

BMBOY
-0.36%
GRBMF
-0.12%
UPDATE – OTC Markets Group Welcomes Grupo Bimbo S.A.B. de C.V. to OTCQX

NEW YORK, Oct. 16, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Grupo Bimbo S.A.B. de C.V. (Bolsa Mexicana de Valores: BIMBO; OTCQX: BMBOY; GRBMF), the largest baking company in the world, has qualified to trade on the OTCQX® Best Market. Grupo Bimbo S.A.B. de C.V. upgraded to OTCQX from the Pink® market. Grupo Bimbo S.A.B. de C.V. begins trading today on OTCQX under the symbols “BMBOY”

GlobeNewswire 6 months ago

BMBOY
-0.36%
GRBMF
-0.12%
OTCM
OTC Markets Group Welcomes Grupo Bimbo S.A.B. de C.V. to OTCQX

NEW YORK, Oct. 16, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Grupo Bimbo S.A.B. de C.V. (Bolsa Mexicana de Valores: BIMBOA; OTCQX: BMBOY; GRBMF), the largest baking company in the world, has qualified to trade on the OTCQX® Best Market. Grupo Bimbo S.A.B. de C.V. upgraded to OTCQX from the Pink® market. Grupo Bimbo S.A.B. de C.V. begins trading today on OTCQX under the symbols “BMBOY”

GlobeNewswire 6 months ago

BMBOY
-0.36%
GRBMF
-0.12%
OTCM
Grupo Bimbo Will Donate More Than 2.8 Million Slices of Bread to Help Those Who Need it Most

Through the Bimbo Global Race, Grupo Bimbo committed to donating 20 slices of bread for each person registered.This year, the Bimbo Global Race had 120 thousand people in the physical race globally and more than 300 thousand participants, including virtual runners.The United States – where Bimbo Bakeries USA, part of Grupo Bimbo, is headquartered – was among the countries with the highest number of participants this year. HORSHAM, Pa., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Grupo Bimbo, the world’s

GlobeNewswire 6 months ago

BMBOY
-0.36%
GRBMF
-0.12%
Grupo Bimbo Boosts the Development of Food Industry Startups and Scaleups with Second Edition of "Bimbo Open Door"

Bimbo Open Door is Grupo Bimbo’s open innovation platform for startups and scaleups in the food industry.In this second edition, Grupo Bimbo seeks to optimize and invest in startups and scaleups specialized in the cookie and energy bar sector.Through this platform, the bakery aims to share knowledge, innovate, and scale initiatives that contribute to transforming the future of food. HORSHAM, Pa., Sept. 22, 2023 (GLOBE NEWSWIRE) -- To build the future of food and open opportunities for collaborat

GlobeNewswire 6 months ago

BMBOY
-0.36%
GRBMF
-0.12%
Mexican breadmaker Bimbo cuts outlook on strong peso

MEXICO CITY (Reuters) -Mexican breadmaker Grupo Bimbo lowered its sales and earnings guidance for 2023 as it deals with the strong appreciation of the peso, which also hurt second-quarter results released on Tuesday. Bimbo cut its annual sales forecast to low-to-mid single-digit growth, Chief Financial Officer Diego Gaxiola said in a call with analysts, down from a previous projection of mid-to-high single-digit growth. "Compared to our initial sales guidance, we have an impact of more than six percentage points" due to the strength of the peso, Gaxiola said.

Reuters 8 months ago

BMBOY
-0.36%
UPDATE 3-Mexican breadmaker Bimbo cuts outlook on strong peso

Mexican breadmaker Grupo Bimbo lowered its sales and earnings guidance for 2023 as it deals with the strong appreciation of the peso, which also hurt second-quarter results released on Tuesday. Bimbo cut its annual sales forecast to low-to-mid single-digit growth, Chief Financial Officer Diego Gaxiola said in a call with analysts, down from a previous projection of mid-to-high single-digit growth. "Compared to our initial sales guidance, we have an impact of more than six percentage points" due to the strength of the peso, Gaxiola said.

Reuters 8 months ago

BMBOY
-0.36%
LatAm packaged food outlook to remain stable amid challenges -Fitch

The rating outlook for Latin American packaged food producers is expected to remain stable in the year's second half, but making a profit will be challenging, Fitch Ratings said on Monday. While the industry can "cope with a weaker than projected economic growth with rising borrowing costs and fragile investor sentiment," profitability will suffer from economic slowdowns, tighter financing conditions and persistent cost pressures, Fitch said in a report. Companies such as Mexican breadmaker Grupo Bimbo , Argentina's Arcor and Brazilian meatpacker BRF face constrained consumer purchasing power, high inflation, elevated credit costs and lower investment due to policy uncertainty, Fitch noted.

Reuters 8 months ago

BMBOY
-0.36%
GRUPO BIMBO Announces the Successful Issuance of approximately $850 Million Dollars in Sustainability-Linked Local Bonds

Grupo Bimbo S.A.B. de C.V. ("Grupo Bimbo" or the "Company") announces the successful issuance in the Mexican market of Sustainability-linked Bonds (Certificados Bursátiles) for a total amount of approx. $850 million dollars, which represents the largest corporate Sustainability-linked Bond (SLB) in the history of the Mexican market, and the largest transaction so far during the year.

CNW Group 10 months ago

BMBOY
-0.36%
GRBMF
-0.12%
UPDATE 1-Mexico's Grupo Bimbo posts lower profit after Ricolino sale

Mexican breadmaker Grupo Bimbo posted on Thursday a first quarter net profit down 9.4% from a year earlier, citing the sale of its confectionary business and higher benefits from its pension plan in the same quarter of 2022. The company, which sells buns, cakes, cookies, bagels and tortillas across 34 countries, recorded a 4.05 billion pesos ($224 million) net profit for the first three months of 2023, as its profit margin shrunk by 80 basis points. Excluding these effects, however, Bimbo said its profit would have risen 42% and its margin by 90 basis points.

Reuters 11 months ago

BMBOY
-0.36%

Performance Overview

Return	BMBOY	S&P/BMV IPC
YTD	-19.56%	-0.52%
1-Year	-19.29%	+4.34%
3-Year	+104.48%	+16.29%

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Grupo Bimbo, S.A.B. de C.V. (BMBOY)

Entenmann’s parent Grupo Bimbo names Rafael Pamias as CEO

Grupo Bimbo Recognized as One of The World's Most Ethical Companies for the 8th Consecutive Year

Bimbo Bakeries USA Earns 2024 ENERGY STAR® Partner of the Year Award for the Seventh Year in a Row

20 Biggest Snack Companies in the World

Bimbo Bakeries USA Commences Multi-Site Microgrid Energy System at Six California Bakeries

Grupo Bimbo Recognized as One of the World’s Most Ethical Companies for 8th Consecutive Year

For the Second Consecutive Year, Grupo Bimbo Receives Recognition for Its Actions to Mitigate the Effects of Climate Change at A Global Level

UPDATE 3-Mexican breadmaker Grupo Bimbo's profit plummets nearly 90%

Mexican breadmaker Bimbo issues $1.25 billion in bonds through U.S. subsidiary

Grupo Bimbo Signs Aitana Bonmatí, the World’s Best Soccer Player, to Boost Female Talent

UPDATE – OTC Markets Group Welcomes Grupo Bimbo S.A.B. de C.V. to OTCQX

OTC Markets Group Welcomes Grupo Bimbo S.A.B. de C.V. to OTCQX

Grupo Bimbo Will Donate More Than 2.8 Million Slices of Bread to Help Those Who Need it Most

Grupo Bimbo Boosts the Development of Food Industry Startups and Scaleups with Second Edition of "Bimbo Open Door"

Mexican breadmaker Bimbo cuts outlook on strong peso

UPDATE 3-Mexican breadmaker Bimbo cuts outlook on strong peso

LatAm packaged food outlook to remain stable amid challenges -Fitch

GRUPO BIMBO Announces the Successful Issuance of approximately $850 Million Dollars in Sustainability-Linked Local Bonds

UPDATE 1-Mexico's Grupo Bimbo posts lower profit after Ricolino sale

Performance Overview