What was the amount Bimbo Foods Bakeries Distribution paid in interest in 2023?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
Notes to Consolidated Financial Statements
December 31, 2024, 2023 and 2022
(Amounts in millions of Mexican pesos, except where otherwise indicated)
1. Activities and Significant Events
Activities - Grupo Bimbo, S.A.B. de C.V. and subsidiaries ("Grupo Bimbo" or "the Company") is a Mexican entity, primarily engaged in the production, distribution and sale of bakery products, cookies, tortillas, salty snacks and confectionery through November 2022.
The Company operates in different geographical areas, which represent the reporting segments used by the Company: Mexico, North America, Latin America and Europe, Asia and Africa ("EAA").
The Company's corporate offices are located at Prolongación Paseo de la Reforma No. 1000, Colonia Peña Blanca Santa Fe, Álvaro Obregón, Código Postal 01210, Mexico City, Mexico.
During 2024, 2023 and 2022, the net sales of the subsidiaries that are classified in the Mexico segment represented approximately 33%, 33% and 29%, respectively, of the Company's consolidated net sales. During 2024, 2023 and 2022, the net sales of the Company's subsidiaries classified in the North America segment represented approximately 46%, 48% and 51%, respectively, of the Company's consolidated net sales.
Source: Item 23 — RECEIPTS (FDD pages 84–312)
What This Means (2025 FDD)
According to Bimbo Foods Bakeries Distribution's 2025 Franchise Disclosure Document, the consolidated financial statements include information about Grupo Bimbo, S.A.B. de C.V. and its subsidiaries. The financial statements are presented for December 31, 2024, 2023, and 2022, with amounts primarily in millions of Mexican pesos unless otherwise indicated.
However, the provided excerpts do not contain a specific line item detailing the exact amount of interest paid by Bimbo Foods Bakeries Distribution in 2023. The notes to the consolidated financial statements discuss activities, significant events like acquisitions, and the geographical segments in which the company operates, but they do not break down interest expenses separately for Bimbo Foods Bakeries Distribution.
A prospective franchisee should inquire directly with Bimbo Foods Bakeries Distribution for detailed financial information, including interest expenses, to gain a clearer understanding of the company's financial performance. This information is crucial for assessing the financial health and stability of the franchisor.