Gruma, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 19, 2021
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Gruma, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was MXN 23,903 million compared to MXN 23,473 million a year ago. Net income was MXN 1,478 million compared to MXN 1,645 million a year ago. Basic earnings per share from continuing operations was MXN 3.8 compared to MXN 4.1 a year ago.
For the nine months, sales was MXN 68,532 million compared to MXN 69,163 million a year ago. Net income was MXN 4,330 million compared to MXN 3,957 million a year ago. Basic earnings per share from continuing operations was MXN 11.15 compared to MXN 9.87 a year ago.
Gruma, S.A.B. de C.V. is a Mexico-based food holding company. The Company is engaged in corn and flour tortilla production across the world. The Company produces wheat flour and its derivatives, such as flatbreads, wraps, chapatti, and pizza bases plus other food products. Its segments include: Corn flour and packaged tortilla division, which manufactures and distributes approximately 20 varieties of corn flour that are used mainly to produce and distribute different types of tortillas and tortilla chip products in the United States; Corn flour division, which engages principally in the production, distribution and sale of corn flour in Mexico under MASECA brand; and Other segments, which focuses on corn flour, hearts of palm, rice and other products. The Company has operations in the Americas, Europe, Asia and Oceania.
GRUMA, S.A.B. DE C.V. 
