Grupo Bimbo to lower capex spend into 2025
Grupo Bimbo expects to cut its capital expenditure in 2024 and the following year the Mexican bakery major reported falling quarterly sales and profits.
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Grupo Bimbo expects to cut its capital expenditure in 2024 and the following year the Mexican bakery major reported falling quarterly sales and profits.
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Bottom line results undercut by strong Mexican peso.
Profits, sales lower when adjusted for strong peso.
Adjusted North American results strong in quarter.