Title:

Grupo Bimbo, S.A. de C.V Q2 2007 Earnings Conference Call Transcript

Price:$54.00
Publication Date:Jul 26, 2007
Source:Thomson StreetEvents
Company:Grupo Bimbo, S.A. de C.V
Report Type:Transcript
Abstract:Final Transcript of BIMBOA.MX earnings conference call or presentation, 26-Jul-07 11:00am ET
Brief Excerpt:... - Grupo Bimbo S.A de C.V. - CEOThank you very much, Nelson, and good morning, everyone. Joining me here today is our finance team including our CFO, Guillermo Quiroz, and Armando Giner and Andrea Amozurrutia from Investor Relations. We will review some of our operational and financial highlights from the quarter. And as usual, we will take any questions you may have at the end. Let me start by saying that as expected, the trends we have been seeing in recent quarters continue to be relevant today. Healthy volume growth in Mexico and the United States, strong gains in Latin America, and raw material costs that are still putting pressure on the gross margin. Although none of this is news and we have certainly factored this into our #### forecast, let me share with you some of the specific challenges we saw on the raw materials side this quarter. Prices for key ingredients such as oils and dairy rose by double digits on a year-over-year basis. And international wheat reserves are at their...
Word Count:2613
Length:6 Pages
Ticker:BIMBOA.MX
Time:11:00am ET
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