San Pedro Garza García / MX. (gr) The performance of Mexico’s Gruma S.A.B. de C.V. during the third quarter of 2020 continued to improve benefited mainly by increased tortilla consumption at home, especially in the U.S. The Covid-19 pandemic has helped to speed up consumer familiarity with the use of tortillas, thereby increasing per capita consumption, especially among non-Hispanics. Also, healthier trends and versatility of tortillas for different type of recipes have supported increased consumption. The company believes these factors will continue to expand the tortilla industry at a faster pace.
For additional information please read the Company’s PDF file below (387 KB):
20201031-GRUMA-Q3-2020.
