Title:

Grupo Bimbo, S.A. de C.V Q3 2007 Earnings Conference Call Transcript

Price:$54.00
Publication Date:Oct 26, 2007
Source:Thomson StreetEvents
Report Type:Transcript
Abstract:Final Transcript of BIMBOA.MX earnings conference call or presentation, 26-Oct-07 11:00am ET
Brief Excerpt:... - Grupo Bimbo S.A. de C.V - CFOThank you, Aota. Good morning. Thanks for joining. Daniel, our CEO, is traveling, so it's my turn to take you through the operational and financial highlights from the quarter. Overall we were pleased with the results of the period, particularly given the soft environment. As you know, the industry as a whole is facing some serious challenges on the raw materials side. Wheat flour remained at peak levels in the quarter and it is expected to continue to have substantial effects in the month ahead, while prices for several of our key inputs grew at double digit rates during the period. To offset those pressures, we have two tools at our disposal. The first is to raise product prices and the second is to make the operation more -- much more efficient by improving the sales mix and reducing operating expenses. By using these strategies, we were able to generate a ## basis point improvement in the operating margin this quarter, despite the #% increase in the...
Word Count:4438
Length:10 Pages
Ticker:BIMBOA.MX
Time:11:00am ET
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