Title:

Q1 2008 Grupo Bimbo, S.A. de C.V Earnings Conference Call Transcript

Price:$54.00
Publication Date:Apr 25, 2008
Source:Thomson StreetEvents
Report Type:Transcript
Abstract:Final Transcript of BIMBOA.MX earnings conference call or presentation, 25-Apr-08 10:00am CT
Brief Excerpt:... - Grupo Bimbo - CEOGood morning, everyone. Thank you for joining us. I am here with Guillermo Quiroz, our CFO, along with the Investor Relations team and after reviewing the highlights from the quarter, we will be happy to answer any questions you may have. First, I will start by saying that it was a good quarter in terms of top line growth, particularly given expectations about consumption in some of our markets. We benefited from a better sales mix, higher average prices, and importantly, stable volumes across a major part of our product portfolio. Nonetheless, despite healthy sales, the commodities environment continues to be very tough, particularly in wheat flour, eggs, oils and fats. Year-over-year, raw materials costs increased ##% and as we shared with you previously, this factor will continue to exert downward pressure on growth margins at least through the first half of ####. To a certain extent, and especially in our domestic market, we were able to successfully offset those...
Word Count:4630
Length:10 Pages
Ticker:BIMBOA.MX
Time:10:00am CT
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