Grupo Herdez first quarter 2022 earnings release

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 7,108100.05,849100.021.5
Gross profit2,56936.22,19537.517.0
Operation profit 83511.764611.029.3
Consolidated net income4646.55429.3(14.3)
UAFIDA1,07615.187114.923.6
*Amounts in millions of pesos*