Gruma SAB de CV (MEX:GRUMAB)
MXN 331.63 -11.27 (-3.29%) Market Cap: 120.78 Bil Enterprise Value: 149.10 Bil PE Ratio: 15.48 PB Ratio: 3.86 GF Score: 86/100
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Q1 2021 Gruma SAB de CV Earnings Call Transcript

Apr 22, 2021 / 03:30PM GMT
Release Date Price: MXN235.32 (-5.03%)
Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Gruma's First Quarter 2021 Earnings Conference Call. (Operator Instructions)

I would now like to turn the call over to your host, Mr. Raúl Cavazos, Gruma's Chief Financial Officer. Please go ahead, sir.

Raúl Cavazos Morales
Gruma, S.A.B. de C.V. - CFO

Thank you, Melissa. Good morning, and welcome to our first quarter 2021 conference call. We thank you again for giving us the opportunity to share our results with you, which highlight the changing market dynamics. In terms of our business at Gruma, we are pleased to see that Gruma products are keeping share, have retained -- have remained strongly rooted within Gruma's traditional client base as well as within the -- a growing demand for our entire product line, especially in the U.S.

The enhancement of growth at our super soft and more particularly, at our card-balance segment, which has shown double-digit growth over the last 2 years in the U.S., has convinced us that the trend that started with the familiarity of

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