April 28, 2016
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by Josh Sosland
Bimbo brands such as Arnold, Brownberry, and Eureka! are growing.
MEXICO CITY The restructuring of the U.S. Grupo Bimbo S.A.B. de C.V. business is entering a new phase that should extend recent momentum of improving profitability, a top executive of the company said. In the wake of a strong earnings gain at Bimbo Bakeries USA in the first quarter ended March 31, Fred Penny, president of B.B.U., said the companys supply chain was ripe with opportunities for heightened efficiency.
Mr. Penny spoke with investment analysts April 27 in connection with the companys first-quarter financial results.
As reported, operating income of the North American baking…
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