Title:

Grupo Bimbo, S.A. de C.V Q1 2007 Earnings Conference Call Transcript

Price:$54.00
Publication Date:Apr 27, 2007
Source:Thomson StreetEvents
Report Type:Transcript
Abstract:Final Transcript of BIMBOA.MX earnings conference call or presentation, 27-Apr-07 11:30am ET
Brief Excerpt:... - Grupo Bimbo - IROThank you, Nelson and thank you everyone and good morning. As we mentioned last quarter, Daniel Servitje and Guillermo Quizoz, our CEO and CFO respectively, are in China this week for a Board meeting. So Andrea Amozurrutia and I will be hosting the call ourselves today, and are joined here by other members of our finance group. Our focus will be to give some additional insight on the numbers we reported yesterday and then to take any questions you may have. Let me start by noting that most of the underlying trends that have impacted our results over the past few quarters are still very [regular]. In the first quarter of ####, we have again demonstrated some ability to connect with consumers on the sales side. At the same time, higher raw material costs are still putting pressure on our gross margins, but we are offsetting that with price increases almost across the board; as well as with significant operating improvements, particularly in international operations that...
Word Count:3993
Length:9 Pages
Ticker:BIMBOA.MX
Time:11:30am ET
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