Gruma Sab De Cv Unsp/Adr (GMKKY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to GRUMA's third quarter 2025 earnings conference call. During today's call, all parties will be in a listen-only mode. Following the speaker's remarks, the conference will be open for questions. If you have a question, please press the star followed by the one on your touchtone phone. Please press star zero for operator assistance at any time. For participants using speaker equipment, it may be necessary to pick up your handset before making your selection. I would now like to turn the conference over to Mr. Adolfo Fritz, GRUMO's Investor Relations Officer, who will present earnings results, and then we will open the Q&A session where Mr. Raul Cavazos, GRUMO's Chief Financial Officer and team, will be available to answer additional questions. I would now like to turn the conference over to Mr. Fritz, IRO. Please go ahead, sir. Thank you. Good morning and welcome to our third quarter 2025 conference call. We're pleased to have you on the line and thankful for the opportunity to share our results with you. With me today, as always, are Mr. Raul Cavazos-Morales from a CFO, Rogelio Sanchez-Martinez from a corporate finance VP. To start, we'll take a few minutes to discuss the fundamentals and results from the quarter, and then we'll open it up to any questions you may have. In the third quarter of the year, Tortilla Fundamentals continued favoring operations in Europe, where the segment continues to expand and enhance its retail composition, while in Asia and Oceania, stronger performance from all divisions, including China, supported results. In the U.S., consumer sentiment has been the main factor behind a slow recovery in the food service channel, which has been the main challenge dragging our sal...