Sales fell 13.2% year-on-year in the US, 4.5% in the Europe, Middle East and Africa (EAA) area and 3.2% in Latin America.

Grupo Bimbo obtained a net profit of US$ 138.5 million in the first quarter of the year, which represents a 41.8% lower result than that achieved in the same period of the previous year.

The company's sales contracted 6% year-on-year between January and March of this year, leaving a turnover of US$ 5,451 million.

By markets, Bimbo only improved its turnover in Mexico, by 3.2% from the first quarter of 2023. Meanwhile, sales fell 13.2% year-on-year in the United States, 4.5% in the European area, Middle East and Africa (EAA) and 3.2% in Latin America.

Meanwhile, the gross operating result (Ebitda) fell to US$ 692.6 million, 7.8% below the figure reached in the first quarter of 2023. Meanwhile, the operating result decreased by 16.6% year-on-year, up to US$ 401 million.

Among the most notable transactions of the quarter, Bimbo acquired Trei Brutari, a bread and biscuit producer in Romania, and three franchises. Likewise, it acquired a 30% stake in UNO, the leader in packaged bread in Turkey, and has entered the Tunisian market.

The chairman of the board of Bimbo and general director, Daniel Servitje, has highlighted that, after a record year in 2023, Bimbo is beginning 2024, a year of investment and transformation of our business, with a first quarter in which they are appreciating the benefits of geographic, category and channel diversification.

For his part, the global director of Administration and Finance, Diego Gaxiola, pointed out that the first quarter results were "good" and, for the most part, "resilient", considering the difficult basis of comparison with the first quarter of 2023.