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BUZZ-Shares of breadmaker Bimbo rise after fourth-quarter results

ReutersFeb 28, 2025 6:31 PM

Shares of Mexican breadmaker Grupo Bimbo BIMBOA.MX gained about 4% after the company reported its fourth-quarter results

Bimbo posted a net profit of 3.1 billion pesos ($151 million) from revenues of 110 billion pesos late on Thursday

The company's revenue was in line with estimates, according to a Barclays note, but U.S. and Mexican sales came in weaker than expected

Gains add 9.5 billion Mexican pesos to company's market cap

($1 = 20.5520 Mexican pesos)

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