Grupo Herdez reports second quarter 2017 results

Mexico City, Mexico, July 27, 2017 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ, OTC: GUZBY) today announced results for the second quarter ending June 30, 2017.

We stay vigilant on current market dynamics and consumer trends. As you can see from our results this quarter the restructuring of Nutrisa and the innovative campaigns we are launching, leveraging our unique know-how and recognition of our brands will enable us to reach the guiadance of the year”

said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer.


Net sales in the second quarter increased by 10.0 percent compared to the same quarter last year to MXN 4,876 million. Net sales in the Preserves division grew 9.9 percent mainly due to pricing actions taken in the last twelve months to offset cost of goods sold increases.
The Frozen division reached MXN 880 millon in sales, 10.9 percent higher than the second quarter of 2016, boosted by same store sales growth of 11 percent in Nutrisa and the solid performance of the Helados Nestlé portfolio. Exports grew 10.0 percent due to volume
growth across regions with the canned vegetables, homestyle salsa and peppers categories outperforming.

Highlights from the quarter:

  • Net sales increased by 10.0 percent to MXN 4,876 million due to higher prices and volume growth.
  • EBIT and EBITDA margins expanded 1.9 and 2.0 percentage points to 14.1 and 16.9 percent, respectively.
  • Consolidated net income reached MXN 432 million, 15.9 percent higher than in 2016.


  • 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