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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Q2 2021 Gruma SAB de CV Earnings Call Transcript

Jul 22, 2021 / 03:30PM GMT
Release Date Price: MXN212.39 (-0.76%)
Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to GRUMA's Second Quarter 2021 Earnings Conference Call. (Operator Instructions) I would now like to turn the conference over to your host, Mr. Raúl Cavazos, GRUMA's Chief Financial Officer. Please go ahead, sir.

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

Thanks, Laura. Good morning, and welcome to our second quarter 2021 conference call. As always, we are very appreciative of your time and for giving us the opportunity to share our result with you.

The tortilla business, whose footprint expressed mainly in the United States and Europe, exhibit a return shift towards the food service channel as it has been recovering, mirroring the progress in the vaccination effort across the world, resulting in food and leisure establishments reopening their doors to the public. As for the retail channel, it is showing remarkable growth in Europe and resilience in the U.S., given the strong client base we had been building over the past few years.

That said, it has slowed down

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