Grupo Bimbo, S.A.B. de C.V. (BMBOY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to Group Women's First Quarter 2026 Results Conference Call. All participants will be in listen-only mode. If you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Alejandro Rodriguez-Var, CEO. Please go ahead. Good afternoon, everyone, and thank you for joining us today. Connected on the line today are our CFO, Diego Gaciola, BDU President Derek Pearson, along with several members of our finance team. I would like to begin by sincerely thanking our teams and more than 152,000 associates around the world for their dedication and hard work in delivering big outstanding results. At Grupo Bimbo, we operate with one mindset, all for one and one for all, and that one is Grupo Bimbo. We picked up 2026 on a very strong note, delivering record net sales and achieving the highest first quarter EBITDA margin in our history. Importantly, despite the complex environment, we're beginning to see favorable shift in both price mix and volumes, signaling a recovery in underlying demand across our portfolio. In addition, our recent acquisitions are contributing, supporting both top-line growth and margin expansion. All four of our regions deliver growth, with particularly strong contributions from North America and Mexico, and our two largest markets, as well as In North America, we reached an important milestone, delivering positive sales growth for the first time since the third quarter of 2022. This return to year-over-year growth ref...