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


  • 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)
*Amounts in millions of pesos*


  • 2020: We launched the first edition of Semillero Nutrisa. Together with Nutrisa and the Victoria147 business academy for women, we invited women entrepreneurs to participate in a training program to improve the management of their businesses and have the potential to become part of our supply chain.

We established our first technological alliance with Google, which will allow us to accelerate the digital transformation of Grupo Herdez through the use of Google Cloud Platform tools such as BigQuery ML, Looker, among others.

Through the Herdez® brand and Aires de Campo® we joined the “Sowing a New Normality” initiative, promoted by the civil society organizations Ríos Tarango and Ectágono, which aims to increase the vegetation cover of the environmentally valuable area Barranca de Tarango.

  • 2021: We developed the Group’s second proprietary e-commerce platform, with the Nutrisa® online store.

We updated the apps through which we manage the loyalty programs of our retail brands, Cielito Querido Café® and Nutrisa®, improving our customers’ in-store experience.

During the year, 15 formulas had their nutritional profile strengthened by reducing some critical added nutrients (sugars, sodium and saturated fats).

  • 2022: We expanded our capabilities into new categories through the acquisition of Interdeli and Deli, Dips & Snacks. Integrating brands such as Libanius, Flaveur, Liguria and Señor Cactus into our portfolio.

We Issued the first sustainability bond through which we
committed to a 25% reduction in our water consumption.

Together with our partner McCormick & Company, Inc. we
brought the most iconic Mexican cuisine to the tables of the United Kingdom
through meal kits, sauces and condiments under the Herdez® brand.
  In less than a year, we obtained a 5.5% shelf
share in the Tesco supermarket chain.

We consolidated the integration of Chilim Balam® into retail brands, a leading brand in the snack segment