Mexico's Gruma posts 11% lower profit in first nine months on weak U.S. consumption
Mexican corn flour and tortilla producer Gruma reported to the Mexican Stock Exchange a net profit of $392.3 million in the first nine months of 2026, down 11% year on year, despite raising revenue 3% to $4,925.3 million. The company attributed the result to weak consumption in the United States, its main market, where quarterly sales fell 4%. Accumulated operating profit dropped 8% and adjusted EBITDA fell 5%.
In 35 seconds
- Net profit of $392.3 million in nine months, down 11%, with revenue of $4,925.3 million (+3%).
- In the U.S., quarterly sales fell 4% and operating profit 22%, on lower institutional demand and consumer caution.
- In Mexico, GIMSA cut sales 1% but raised operating profit 5% on cost efficiencies.
Read the full story at SWI swissinfo.ch
IASummary generated by artificial intelligence from a story by SWI swissinfo.ch. It may contain errors: the original source prevails.
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