EarningsQ2 2026 Earnings Report
MX:BIMBOA Q2 2026 EPS Results
Actual EPS$0.68
Consensus EPS$0.75
Beat/MissMissed by -$0.07
One Year Ago EPS$0.65
MX:BIMBOA Q2 2026 Revenue Results
Actual Revenue$105.03B
Expected Revenue$105.96B
Beat/MissMissed by -$936.34M
YoY Revenue Growth-2.30%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeAfter Close
Conference CallThursday, July 23, 2026
MX:BIMBOA Upcoming Earnings
Grupo Bimbo SAB de CV's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BIMBOA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and financial performance: solid organic sales growth (4.5% ex-FX), margin expansion (14.4% adjusted EBITDA margin), strong free cash flow (MXN 12 billion) and measurable deleveraging to 2.5x net debt/EBITDA. Key strategic wins include market share gains across all U.S. categories and continued margin improvement in Mexico. Offsetting risks include increased inflationary impact ($70–90 million, ~35–45 bps), a slow Brazil/Wickbold integration, and persistent geopolitical/input cost pressures that could weigh on 2027. Management expects to mitigate some inflation through productivity and revenue management and has raised its margin expansion guidance despite higher near-term inflation headwinds.Company Guidance
Organic Net Sales Growth (FX-Adjusted)
Net sales grew 4.5% on a currency-neutral (ex-FX) basis, marking the strongest Q2 performance since Q2 2023.
Adjusted EBITDA Margin Expansion
Adjusted EBITDA margin reached 14.4%; company raised full-year EBITDA margin expansion guidance to a 70–120 basis point improvement for 2026.
Strong Free Cash Flow and Capital Returns
Generated approximately MXN 12 billion of free cash flow after investing ~MXN 7 billion in CapEx; returned more than MXN 5 billion to shareholders through dividends and share buybacks.
Deleveraging Progress
Net debt to EBITDA improved to 2.5x (from 2.7x at end-2025 and 2.9x a year ago), reflecting rapid deleveraging driven by operational results.
U.S. Market Share Gains and Recovery
Gained market share across every category in the U.S. for the first time since 2020; North America posted a second consecutive quarter of positive sales growth and accelerated vs. Q1.
Mexico Outperformance and Margin Improvement
Mexico delivered broad-based growth, benefited from seasonal tailwinds (World Cup) and execution, and achieved a record-level margin; accumulated ~100 basis points of incremental margin year-to-date.
Geographic and M&A Contributions
EAA delivered broad-based growth and benefited from Don Don and Bonel acquisitions (note: Don Don inorganic effect will end after this quarter); continued strategic M&A pipeline for bolt-on deals.
CapEx Re-phasing and Updated Guidance
Refined full-year CapEx guidance to $1.0–$1.2 billion (previously $1.2–$1.4 billion) reflecting phasing of investments, supporting cash generation while maintaining strategic priorities.
Operational Productivity and Transformation Benefits
Productivity initiatives, North America transformation, supply chain efficiencies, automation and disciplined G&A management are cited as drivers of margin expansion and resilience against inflationary headwinds.
MX:BIMBOA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed