Grupo Herdez, S.A.B. de C.V. (GUZOF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Grupo Hernandez's first quarter 2025 earnings conference call. This call is being recorded. Information discussed may include forward-looking statements subject to risks and uncertainties. Please refer to the forward-looking statements disclaimer in our press release. I'll now turn the call over to Gerardo Canaviti, Chief Financial and Information Officer. Thank you, Darwin. Good morning, everyone. And thank you for joining us today to discuss Grupo GERDE's first quarter results. We are once pleased with the progress we've made this quarter, demonstrating once again the resilience and strategy, agility of our business in a very dynamic market. As you all are aware, The New World Order is unpredictable. Planning for the future is a hard thing to do. So for now, we hope that reason prevails and we can maintain the favorable outcome for Mexico. After a slow start, we gain traction towards the end of the quarter to deliver good results, which will be highlighted by Andrea. Please go ahead, Andrea. Thank you, Gerardo. Despite widespread uncertainty, Grupo ERDES delivered outstanding results for the first three months of the year. The company's strong performance was underpinned by innovative promotions and comprehensive commercial strategies that successfully boosted both volume and revenue. Key initiatives including the engaging McCormick Diablo Drop-Off sponsorship the successful Alice in Wonderland tea licensing agreement, and the strategic launch of Frank's Barbecue at Costco, all boosting volume, revenue, and brand visibility. Consolidated net sales grew 9.3%, reaching 9.7 billion pesos. This growth was fueled by substantial increases in sales volumes across key categories, including mayo, vegetables, spices, mole, and tomato ...