Gruma attributed its own strong results last year to a growing fondness for tortillas among Hispanic and non-Hispanic Americans alike. Further expansion will not be a cakewalk.

Gruma’s U.S. prices have increased more than 50% relative to 2017-2019 levels, but EBITDA margin has moved from 16.2% in 2019 to 16.9% in 2020, 15.9% in 2021, and 14.5% in 2022.

Gruma produces tortillas, pizzas, cornmeal, grits and other breads that are popular in the Latin culture. Approximately 56% of sales are derived in the U.S., 28% in Mexico, ...

See the latest Gruma SAB de CV Class B stock price (GRUMAB:XMEX), related news, valuation, dividends and more to help you make your investing decisions.

The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses, and prices are as of the close of trading. The IPC index rose 0.4 percent to 39,212.16 ...

Mexican tortilla maker Gruma's losses on foreign exchange derivatives grew to 11.2 billion pesos ($811 million) in December after the global credit debacle drove the country's peso to record lows.

Gruma reported a 2% decline in revenue (in U.S. dollars) in the Mexican operations this quarter, with volume basically flat. Management blamed weather disruptions for some of the volume weakness ...

Gruma said operating margin at Gruma USA grew 220 basis points during the second quarter to 14.4% from 12.2%. Meanwhile, cost of sales as a percentage of net sales improved 120 basis points to ...

Gruma SAB de CV (GPAGF) recently announced a dividend of $0.08 per share, payable on 2023-12-29, with the ex-dividend date set for 2023-12-27. As investors look forward to this upcoming payment ...

GRUMA sales worldwide are currently around $4bn, and there’s great potential to continue growing through products where a lot of experience has already been acquired. Implementing vertical integration ...

Francisco Martinez Saldivar is currently the Chief Operational Officer at Gruma SAB de CV. He previously worked as the VP & National Manager-Corn Procurement at Azteca Milling LP.

Gruma SAB, the world’s largest producer of corn flour, said it agreed to pay three banks $668.3 million to close out foreign currency derivatives that had a negative value after the peso plunged.