EarningsQ3 2024 Earnings Report

Gruma SAB de CV (GRUMAB) Q3 2024 Earnings Report

0 Followers

Previous Report: Q2 2024

Next Report: Q4 2024

MX:GRUMAB Q3 2024 EPS Results

Actual EPS$7.10

Consensus EPS$6.55

Beat/MissBeat by +$0.55

One Year Ago EPS$6.79

MX:GRUMAB Q3 2024 Revenue Results

Actual Revenue$30.73B

Expected Revenue$31.49B

Beat/MissMissed by -$760.42M

YoY Revenue Growth+6.32%

Earnings Announcement Details

QuarterQ3 2024

Date10/23/2024

TimeTBA

Conference CallWednesday, October 23, 2024

MX:GRUMAB Upcoming Earnings

Gruma SAB de CV's next earnings date is estimated for October 21, 2026, based on past reporting schedules.

Q3 2024 Earnings Call Audio

MX:GRUMAB Q3 2024 Earnings Call

0:00 / 0:00

Q3 2024 Earnings Slide Deck

Q3 2024 Earnings Call Summary

Q3 2024

Earnings Call Date:Oct 23, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call reflects a balanced outlook with significant growth in certain international markets and categories like Better For You, offset by challenges in logistics and specific market segments such as the U.S. food service channel.

Company Guidance

During Gruma's third quarter 2024 earnings call, guidance emphasized a focus on maintaining profitability amidst various challenges. Consolidated volumes decreased by 1%, while sales declined by 4%, influenced by lower volumes and price adjustments in Mexico. Despite these challenges, Gruma achieved a 3% growth in EBITDA. In the U.S., volumes and revenues each contracted by 2%, but the company highlighted ongoing success in its Better For You category, which continues to grow in double digits. In Mexico, GIMSA reported flat volumes and a 1% decline in revenues, while Europe saw a 45% increase in EBITDA despite flat volumes, driven by expanded distribution and higher retail business. Central America experienced notable growth, with volumes up 6%, sales up 10%, and a 48% rise in EBITDA. Asia and Oceania maintained flat volumes, but sales and EBITDA grew by 5% and 24%, respectively. Gruma remains committed to its guidance, focusing on profitability and adapting to market conditions.

EBITDA Growth

Gruma achieved EBITDA growth of 3% despite challenges in various markets, highlighting a focus on profitability.

European and Asian-Oceania Expansion

The European retail business grew in the high single digits, and the Asia-Oceania region saw sales and EBITDA growth of 5% and 24%, respectively.

Central America Performance

Central America saw volume growth of 6%, sales growth of 10%, and a 48% increase in EBITDA, reaching a profitability margin of 16%.

Better For You Category Growth

The Better For You category in the U.S. retail space continues to grow in double digits, signaling strong consumer demand.

MX:GRUMAB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 21, 2026	2026 (Q3)	6.49 / -	6.939	―
Jul 22, 2026	2026 (Q2)	6.67 / 6.07	7.016	-13.44% (-0.94)
Apr 22, 2026	2026 (Q1)	6.29 / 5.10	6.594	-22.70% (-1.50)
Feb 19, 2026	2025 (Q4)	6.67 / 6.37	8.448	-24.63% (-2.08)
Oct 22, 2025	2025 (Q3)	6.97 / 6.94	7.103	-2.31% (-0.16)
Jul 23, 2025	2025 (Q2)	7.29 / 7.02	7.53	-6.83% (-0.51)
Apr 23, 2025	2025 (Q1)	7.06 / 6.59	5.118	28.84% (+1.48)
Feb 19, 2025	2024 (Q4)	6.99 / 8.45	5.651	49.50% (+2.80)
Oct 23, 2024	2024 (Q3)	6.55 / 7.10	6.79	4.61% (+0.31)
Jul 24, 2024	2024 (Q2)	5.62 / 7.53	4.78	57.53% (+2.75)

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