Grupo Herdez S.A.B. de C.V. operates within the Pickles, sauces, and salad dressings sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Grupo Herdez S.A.B. de C.V. with three other
processed food manufacturers in developing countries:
Fujian Anjoy Foods Co Ltd
sales of 6.97 billion Chinese Renmimbi [US$1.07 billion]
of which 41%
was Fish gill products),
Sanquan Food Co Ltd
(6.93 billion Chinese Renmimbi [US$1.07 billion]
of which 86%
was Retail market), and
Riken Vitamin Co., Ltd.
based in JAPAN
(82.97 billion Japanese Yen [US$750.08 million]
of which 69%
was Domestic Foods Business).
During the first
quarter of 2021, sales at Grupo Herdez S.A.B. de C.V. totalled
5.85 billion Mexican Pesos.
practically unchanged from the previous year, and is only
an increase of 1.7%
from the 5.75 billion Mexican Pesos in sales at the company during the first quarter of 2020.
During the previous 12 quarters, sales at Grupo Herdez S.A.B. de C.V. have increased compared with the same quarter in the previous year.
Sales at Grupo Herdez S.A.B. de C.V. appear to have some seasonality: during each of the previous 9
years, sales have been highest during the fourth quarter, which has accounted for
between 26.5% and 28.7%
of the annual
During the year ended December of 2020, sales at
Grupo Herdez S.A.B. de C.V. were 24.04 billion Mexican Pesos (US$1.18 billion).
increase of 7.2%
versus 2019, when the company's sales were 22.42 billion Mexican Pesos.
This was the fifth consecutive year of sales increases at Grupo Herdez S.A.B. de C.V.
(and since 2015, sales have increased a total of 47%).
Sales of Export saw an increase
that was more than double the company's growth rate: sales were up
23.0% in 2020, from
1.63 billion Mexican Pesos to 2.01 billion Mexican Pesos.
Grupo Herdez S.A.B. de C.V. also saw significant increases in sales in
Preserved Products (up 10.6% to 19.42 billion Mexican Pesos)
Not all segments of Grupo Herdez S.A.B. de C.V. experienced an increase in sales in 2020:
sales of Frozen Products fell 19.2% to 2.61 billion Mexican Pesos.