Mexico City, Mexico, april 21, 2022 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the first quarter 2022, ended March 31.
This quarter’s results are a reflection of our ability as a company and team to navigate challenging circumstances, achieving encouraging results in all segments, despite the complexity of the current environment.
Héctor Hernández- Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez
RELEVANT DATA OF THE QUARTER
- Net sales grew 21.5% versus the same quarter of the previous year, driven mainly by price increases.
- EBIT increased 29.3% to MXN 835 million, with margin expansion of 70 basis points to 11.7%
- Consolidated net income was MXN 464 million, 14.3% lower than a year ago, due to lower results at MegaMex
| 1Q22 | % | 1Q21 | % | % change | |
| Net sales | 7,108 | 100.0 | 5,849 | 100.0 | 21.5 |
| Gross profit | 2,569 | 36.2 | 2,195 | 37.5 | 17.0 |
| Operation profit | 835 | 11.7 | 646 | 11.0 | 29.3 |
| Consolidated net income | 464 | 6.5 | 542 | 9.3 | (14.3) |
| UAFIDA | 1,076 | 15.1 | 871 | 14.9 | 23.6 |