EarningsQ2 2026 Earnings Report
MX:SIGMAFA Q2 2026 EPS Results
Actual EPS$0.29
Consensus EPS$0.29
Beat/MissMet expectations
One Year Ago EPS$0.00
MX:SIGMAFA Q2 2026 Revenue Results
Actual Revenue$42.38B
Expected Revenue$42.86B
Beat/MissMissed by -$487.04M
YoY Revenue Growth-5.58%
Earnings Announcement Details
QuarterQ2 2026
Date07/21/2026
TimeAfter Close
Conference CallTuesday, July 21, 2026
MX:SIGMAFA Upcoming Earnings
Sigma Foods SAB de CV's next earnings date is estimated for October 15, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SIGMAFA 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 strong operational momentum and several clear achievements: record volumes and revenues, double-digit EBITDA growth, regional turnaround (notably Europe and Mexico), a strategic bolt-on acquisition in the U.S., continued shareholder returns and reaffirmed full-year EBITDA guidance. Offset risks include higher net financial costs and lower reported net income (impacted by last year’s one-offs), elevated SG&A and working-capital-driven muted cash generation in H1, input-cost and freight volatility, and a U.S. business that remains on a recovery trajectory. Overall, positive operational and financial progress outweighed the challenges, with management providing a clear plan to address leverage, cash generation and integration needs.Company Guidance
Record Quarterly Performance
Sigma Foods delivered record second-quarter volume, revenues and comparable EBITDA; revenues were up 6% versus Q2 2025 and increased 10% in the first half of 2026.
Strong EBITDA Growth
Comparable EBITDA rose 17% year-over-year both for the quarter and accumulated year-to-date, driven by strong contributions from Mexico, Europe and Latin America.
Mexico Outperformance
Mexico delivered record Q2 volume, revenues and EBITDA, with accumulated EBITDA up 23% versus the first half of 2025, supported by retail strength, dairy (notably Greek yogurt) and favorable price/cost alignment.
European Turnaround Momentum
Europe posted its highest second-quarter comparable EBITDA since 2021 and year-to-date comparable EBITDA was 66% higher than H1 2025; fresh meat benefited from temporarily lower live hog prices in Spain and capacity recovery work (La Bureba start-up and Valencia plant) is underway.
U.S. Sequential Improvement and Strategic Acquisition
U.S. volumes increased sequentially (seasonal) with volume +12%, revenues +9% and EBITDA +12% sequentially (excluding Roger Wood Foods integration); Sigma completed the Roger Wood Foods bolt-on acquisition and early integration results (first two months) are in line with expectations.
Latin America Progress
Latin America delivered record Q2 volume and the fourth consecutive quarter of sequential EBITDA improvement driven by better price-cost alignment and operational efficiencies.
Capital Allocation and Shareholder Returns
Paid first installment of the annual cash dividend totaling $76 million (second installment in October) and executed opportunistic share buybacks while maintaining commitment to balance-sheet targets.
Guidance and Balance Sheet
Management reaffirmed confidence in delivering full-year EBITDA guidance of $1.1 billion; net debt was approximately $2.9 billion with net leverage of 2.7x and an expectation to trend toward the 2.5x target by year-end.
MX:SIGMAFA 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