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Baristas - 1 Nielsen - 1 Maria Echaveste - 1 Joshua Gotbaum - 1 Wilma Liebman - 1 Daniel Servitje - 1 Neal Mohan - 1 Mike Sievert - 1
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Search resuls for: "Grupo Bimbo"


5 mentions found


☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
  + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com   time to read: +8 min
The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.
Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S
☆ Mexican breadmaker Bimbo cuts outlook on strong peso
  + stars: | 2023-07-26 | by ( Kylie Madry Aida Pelaez-Fernandez | Kylie Madry | Aida Pelaez-Fernandez | ) www.reuters.com   time to read: +2 min
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. Earlier on Tuesday the firm, which sells buns, cakes, cookies, bagels and tortillas across 34 countries, reported that revenues increased 4% to a second-quarter record of 100.37 billion pesos ($5.86 billion) following price hikes, which were also offset by the peso's strength. The strong peso also partially contributed to a nearly 30% drop in quarterly net profit, falling to 4.30 billion pesos, Bimbo said. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 7.8% to 14.00 billion pesos.
Persons: Bimbo, Diego Gaxiola, Gaxiola, Kylie Madry, Aida Pelaez, Fernandez, Brendan O'Boyle, Sonali Paul Organizations: MEXICO CITY, U.S, Thomson Locations: Canada, MEXICO, U.S, Mexico
☆ Mexico's Grupo Bimbo sees Q4 net profit skyrocket to 30.2 billion pesos
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: 1 min
MEXICO CITY, Feb 22 (Reuters) - Mexican breadmaker Grupo Bimbo's (BIMBOA.MX) net profit increased to 30.234 billion pesos in the fourth quarter of 2022 from 4.824 billion pesos in the year earlier period, according to a filing published Wednesday. Company revenue totaled 109 billion pesos, a jump from the 94.550 billion pesos reported the same period a year before. Reporting by Valentine Hilaire and Marion Giraldo; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.
☆ Mexico's Grupo Bimbo's Q4 net profit surges aided by sales, Ricolino deal
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +1 min
MEXICO CITY, Feb 22 (Reuters) - Mexican breadmaker Grupo Bimbo's (BIMBOA.MX) net profit surged 526% in the fourth quarter of 2022 from the year-earlier period, driven by rising sales and the exit of its Ricolino unit, according to a filing published Wednesday. Grupo Bimbo's net profit totaled 30.23 billion pesos ($1.5 billion). Company revenue totaled 109 billion pesos, a 15% jump from the year before, aided by a favorable price mix and higher sales volumes, the filing said. Adjusted earnings before interests, tax, depreciation and amortization stood at 14.64 billion pesos, up 12% from the previous October to December period. ($1= 19.5089 Mexican pesos at end December)Reporting by Valentine Hilaire and Marion Giraldo; Editing by Brendan O'Boyle and David GregorioOur Standards: The Thomson Reuters Trust Principles.
☆ Mexico's Bimbo beats Q3 estimates, driven by product price hikes
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +1 min
MEXICO CITY, Oct 27 (Reuters) - Mexico's Grupo Bimbo (BIMBOA.MX) on Thursday posted a 51% year-on-year jump in its third quarter net profit, beating estimates, boosted by strong sales and product price increases to tackle rising inflation. Grupo Bimbo's earnings stood at 6.06 billion pesos ($301 million) in the July to September period, the company said in a statement, well above the 4.1 billion pesos anticipated by analysts, according to Refinitiv. The company increased prices in Europe, Asia and Africa, and said it also adjusted prices in the rest of the regions it operates in. "We reached record levels and our volumes continued to grow despite price increases," Bimbo's Chief Executive Daniel Servitje said in a statement. The firm's earnings per share stood at 1.37 pesos, beating the Refinitiv estimate of 1.02 pesos.
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