Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Hillshire Brands Co    HSH   US8031111037

No quotes available
-- USD   --.--%
02/23DJCredits & Debits
02/18DJKimberly-Clark Hires Hillshire Brands' Former No. 2 as CFO
02/12DJIndigestion Hits Food Giants
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Mexico's Bimbo 4Q Net Profit Down 26% On Operations, Taxes

02/22/2012 | 07:00pm US/Eastern

Mexican baked goods company Grupo Bimbo SAB (BIMBO.MX) said Wednesday its fourth-quarter net profit decreased 26% on the year to 1.01 billion pesos ($79 million), a reflection of the company's operating performance and higher effective tax rate.

The company said sales rose 37% to MXN41.62 billion, driven by organic growth and the integration of Sara Lee Corp. (>> Sara Lee Corp.) operations in the U.S. and Spain, as well as Fargo operations in Argentina.

Higher raw material costs, integration expenses for acquisitions and the depreciation of the Mexican peso ate into the company's quarterly gross margin, which was 51% versus 51.9% in the year-earlier quarter.

Operating income for the quarter increased 8.4% to MXN2.90 billion, although the company's operating margin fell to 7% from 8.8%.

Earnings before interest, taxes, depreciation and amortization grew 15% to MXN4.60 billion for an Ebitda margin of 11% compared with 13.2% in the fourth quarter 2010.

For the full year, Bimbo posted net profit of MXN5.33 billion, down 1.2%, for a net profit margin of 4%. Net sales grew 14.1% in 2011 to MXN133.73 billion.

-By Amy Guthrie, Dow Jones Newswires; (5255) 5980-5177; amy.guthrie@dowjones.com

Stocks mentioned in the article : Sara Lee Corp., Grupo Bimbo S.A.B. de C.V.
React to this article
Latest news on HILLSHIRE BRANDS CO
02/23DJCredits & Debits
02/18DJKimberly-Clark Hires Hillshire Brands' Former No. 2 as CFO
02/12DJIndigestion Hits Food Giants
02/12DJChanging Tastes Give Indigestion to Top Food Makers
2014DJHedge Funds Stumble Over M&A in 2014
2014 Pinnacle Foods to buy Canadian protein foods maker Garden
2014 HILLSHIRE BRANDS : Trademark Application for "VAN'S SIMPLY DELICIOUS" Filed by H..
2014 HILLSHIRE BRANDS : Trademark Application for "BEST'S KOSHER" Filed by Hillshire ..
2014 HILLSHIRE BRANDS : Trademark Application for "HILLSHIRE FARM NATURALS" Filed by ..
2014 HILLSHIRE BRANDS : Trademark Application for "GRILLED JUICYS" Filed
Advertisement
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF