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GRUPO BIMBO SA SPNS/ADR - BMBOY STOCK NEWS

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Grupo Bimbo SA SPNS/ADR (BMBOY) is a global leader in the baking industry, with a strong presence in the United States through its subsidiary, Bimbo Bakeries USA. Known for its category-leading brands like Arnold, Ball Park, Bimbo, Entenmann's, and more, Grupo Bimbo operates in 34 countries and is committed to sustainability and innovation. With a focus on quality, freshness, and environmental responsibility, Grupo Bimbo continues to expand its operations and lead the way in the baking industry.

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Grupo Bimbo, the world's leading bakery company, has been recognized as one of the 'World's Best Employers 2024' by Forbes and Statista. The company ranked 744 out of 850 organizations on the list. This recognition is based on independent surveys conducted in over 50 countries, involving more than 300,000 ratings from employees of multinational corporations.

The selection criteria for the 'World's Best Employers 2024' include prioritizing employee well-being, promoting diversity, equity, and inclusion, offering growth opportunities, and ensuring a healthy work-life balance. Juan Muldoon, Chief People Officer at Grupo Bimbo, emphasized the company's human philosophy and commitment to helping its 152,000 associates reach their full potential.

Grupo Bimbo's 'For Life' strategic initiative, part of its sustainability strategy, focuses on 'Caring for our People'. This approach prioritizes associates' safety, health, and well-being, while creating a diverse, inclusive, and equitable work environment that promotes personal and professional development.

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Grupo Bimbo, the global bakery leader, has been recognized for the second consecutive year on Time's list of the "World's Best Companies". Notably, it ranks among the top 10 global food companies and places 127th out of 1,000 overall. The selection criteria include employee satisfaction, revenue growth, and ESG actions. Employee satisfaction was assessed via surveys in over 50 countries, including feedback from 170,000 participants. Revenue growth considered companies with at least $100 million in 2023 revenues and positive growth from 2021-2023. ESG performance was evaluated using Statista’s ESG database. This inclusion highlights Grupo Bimbo's exceptional global performance.

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Grupo Bimbo's 2024 global campaign 'The Bimbo Dream' enabled 55 girls from 22 countries to train with Aitana Bonmatí, a professional soccer player and BIMBO® brand ambassador, at FC Barcelona facilities in Spain. The initiative, expanding on a successful 2023 project in Argentina, provided a week-long enriching experience for girls aged 10-13. Participants were selected from Barça Academy, Grupo Bimbo's local soccer programs, and soccer associations in countries where the company operates.

The program included training, recreational activities, and a nutrition workshop. To promote the 2025 edition, a five-part campaign will run in August and September 2024, showcasing the participants' experiences. This initiative aligns with Grupo Bimbo's partnership with FC Barcelona, aiming to develop female talent, promote equality in sports, and encourage healthy lifestyles.

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Grupo Bimbo, the world's leading bakery company, released its 2023 Annual Report titled 'Behind our Actions,' showcasing significant strides in sustainability and community engagement. Key achievements include 93% of their packaging being recyclable, aiming for 100% by 2025, and 92% of their global electricity sourced from renewables. The company has 2,693 electric delivery vehicles and exceeded its regenerative agriculture targets with over 170,000 hectares of corn and wheat harvested. Additionally, 98% of their daily consumption products are free from artificial colors and flavors. Community initiatives like the 'Good Neighbor' program have positively impacted over 440,000 people across 28 countries.

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Grupo Bimbo and Bimbo Bakeries USA, Inc. receive the 2024 ENERGY STAR Partner of the Year Award for their commitment to energy management and sustainability. The companies were recognized for their energy-efficient practices, including advanced controls and high-efficiency burners in their facilities. Bimbo Bakeries USA also achieved EPA ENERGY STAR certification for 16 of its U.S. locations, positioning them in the top 25% of national commercial bakeries for energy efficiency.
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Bimbo Bakeries USA, Inc. partners with GreenStruxure to develop microgrid systems in California bakeries, reducing energy usage by 20% and saving 1,700 CO2e Tons per year. The partnership aims to enhance sustainability and lower carbon footprint, utilizing solar arrays and battery storage. GreenStruxure's advanced AI platform ensures clean, reliable, and affordable energy management.
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Grupo Bimbo, a leading baking company, has been recognized as one of the 'World's Most Ethical Companies' for the eighth consecutive year by Ethisphere. The company's commitment to integrity, ethics, compliance, and governance has been highlighted, along with its global initiatives to promote positive impacts. Grupo Bimbo's Code of Ethics and 'Golden Rule' principles guide its interactions with stakeholders and promote a supportive workplace culture.
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Grupo Bimbo, the world's largest bakery, received the prestigious 'A' rating in The A List 2023 by the Carbon Disclosure Project (CDP) for its exceptional environmental efforts. With only 346 companies worldwide achieving this recognition out of 21,000 applicants, Grupo Bimbo stands out for its sustainability initiatives, including reducing carbon emissions, using renewable energy sources, and promoting Regenerative Agriculture.
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Grupo Bimbo (BIMBO) announces Spanish soccer player Aitana Bonmatí as global brand ambassador. The partnership aims to promote female talent, equity, nutrition, and healthy lifestyles, in addition to supporting young talent in the context of BIMBO's commitment as a Global Partner of FC Barcelona and as the Main Partner of Female FC Barcelona. Aitana Bonmatí is a midfielder for FC Barcelona and the Spanish National Soccer Team, named the UEFA Women's Player of the Year and Player of the Season for the 2022-2023 Champions League. She also won the Golden Ball and was named Best Player of the 2023 Women's World Cup. The agreement strengthens Grupo Bimbo and FC Barcelona's partnership to promote gender equality and empower women through sports while highlighting the importance of healthy living and nutrition.
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Grupo Bimbo celebrates the 8th Bimbo Global Race, with over 300,000 participants worldwide and plans to donate 2.8 million slices of bread to food banks. The United States had the highest registrations with 8,000 participants.
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FAQ

What is the current stock price of GRUPO BIMBO SA SPNS/ADR (BMBOY)?

The current stock price of GRUPO BIMBO SA SPNS/ADR (BMBOY) is $13.18 as of October 15, 2024.

What is the market cap of GRUPO BIMBO SA SPNS/ADR (BMBOY)?

The market cap of GRUPO BIMBO SA SPNS/ADR (BMBOY) is approximately 14.0B.

What are some of the leading brands under Grupo Bimbo?

Grupo Bimbo owns brands like Arnold, Ball Park, Bimbo, Entenmann's, and many more.

In how many countries does Grupo Bimbo operate?

Grupo Bimbo operates in 34 countries worldwide.

What is Grupo Bimbo's commitment to sustainability?

Grupo Bimbo is a leader in sustainability initiatives, with a focus on reducing its carbon footprint and promoting renewable energy sources.

How many manufacturing locations does Bimbo Bakeries USA have in the United States?

Bimbo Bakeries USA operates 60 manufacturing locations in the United States.

Who is the CEO of GreenStruxure, the company that developed the microgrid systems for Bimbo Bakeries USA?

Jose Lorenzo Lista is the CEO of GreenStruxure.

What is Grupo Bimbo's stance on clean energy?

Grupo Bimbo is committed to supporting clean energy initiatives and expanding the use of renewable energy sources.

How does Grupo Bimbo contribute to California's clean energy goals?

Grupo Bimbo's microgrid systems in six California bakeries help contribute to the state's efforts to expand the use of renewable energy.

What awards has Bimbo Bakeries USA won for its clean energy initiatives?

Bimbo Bakeries USA has won the Green Power Leadership Award from the U.S. Environmental Protection Agency and is an EPA Green Power Partner.

What is Grupo Bimbo's focus in the baking industry?

Grupo Bimbo focuses on quality, innovation, and sustainability in the baking industry.

How many distribution routes deliver Grupo Bimbo's leading brands in the United States?

Over 11,000 distribution routes deliver Grupo Bimbo's leading brands across the United States.

GRUPO BIMBO SA SPNS/ADR

OTC:BMBOY

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BMBOY Stock Data

13.99B
1.41B
Packaged Foods
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