Grupo Bimbo, S.A.B. de C.V. (GRBMF) Q3 2024 Earnings Conference Call Transcript

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Grupo Bimbo, S.A.B. de C.V. (OTCQX:GRBMF) Q3 2024 Earnings Conference Call October 29, 2024 7:00 PM ET

Company Participants

Rafael Pamias – CEO
Diego Gaxiola – CFO
Mark Bendix – EVP

Conference Call Participants

Fernando Olvera – Bank of America Merrill Lynch
Renata Cabral – Citibank
Ricardo Alves – Morgan Stanley
Antonio Hernandez – Actinver
Felipe Ucros – Scotiabank
Benjamin Theurer – Barclays
Alvaro Garcia – BTG
Alejandro Fuchs – Itau BBA

Operator

Good afternoon, everyone, and welcome to Grupo Bimbo’s Third Quarter Results Conference Call. If you need a copy of the press release issued earlier today, it is available on the company’s website at grupobimbo.com.

Before we begin, I would like to remind you that this call is being recorded and that the information discussed today may include forward-looking statements regarding the company’s financial and operating performance. All projections are subject to risks and uncertainties, and actual results may differ materially. Please refer to the detailed note in the company’s press release regarding forward-looking statements.

I will now turn the call over to Mr. Rafael Pamias, Chief Executive Officer of Grupo Bimbo. Please go ahead, sir.

Rafael Pamias

Good afternoon, everyone. Thank you for joining us. Connected on the line today is our CFO, Diego Gaxiola; Mark Bendix, Executive Vice President; and several members of our finance team.

Before presenting the company’s financial results, I would like to express on behalf of myself and all Grupo Bimbo’s associates, our deepest solidarity with the people from the state of Florida, North Carolina, Yucatan and Guerrero, who continue to deal with an extremely difficult situation after the impact of Hurricane Celine, Milton and John. More than 3,200 associates live in the affected areas. Thankfully, everyone is safe, and we will continue to support them through these challenging times and to serve these impacted communities and those supporting the recovery efforts. Our

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