Gruma second quarter profit fell about 12% as weaker US demand at Mission Foods hit volumes, even as net sales rose 5% to about US$1.62 billion.
Mexico · Companies
Key Facts
—Q2 net sales. About US$1.62 billion, up 5% year-on-year, led by operations outside the US.
—Q2 EBITDA. US$261.9 million, down 5%; EBITDA margin narrowed 170 basis points to 16.1%.
—Q2 operating income. US$189.2 million, down 13%; operating margin fell to 11.6%.
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