What was the reported cost of sales for Bimbo Foods Bakeries Distribution in 2023?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
Please read the footnote regarding currency conversion that has been added to the following financial statements.
Av. Ejercito Nacional 843-B Tel: +55 5283 1300 Antara Polanco Fax: +55 5283 1392 11520 Mexico City, Mexico ey.com/mx
April 21, 2025
Bimbo Foods Bakeries Distribution, LLC Earthgrains Distribution, LLC 255 Business Center Drive Horsham, PA 19044
We agree to the inclusion in Bimbo Foods Bakeries Distribution, LLC's and Earthgrains Distribution, LLC's Franchise Disclosure Documents effective April 21, 2025, our report, dated April 21, 2025, regarding our audit of the consolidated financial statements of Grupo Bimbo, S.A.B. de C.V. as of December 31, 2024.
Mancera, S.C. A Member Practice of Ernst & Young Global Limited
Enrique A García Camargo
Consolidated Financial Statements
December 31, 2024, 2023 and 2022 with Independent Auditor's Report
Consolidated Financial Statements
December 31, 2024, 2023 and 2022
Contents:
Independent Auditor's Report
Audited Consolidated Financial Statements:
Consolidated Statements of Financial Position Consolidated Statements of Profit or Loss Consolidated Statements of Other Comprehensive Income Consolidated Statements of Changes in Equity Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements
Source: Item 23 — RECEIPTS (FDD pages 84–312)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the consolidated financial statements of Grupo Bimbo, S.A.B. de C.V. include figures for the years 2022, 2023, and 2024. However, the provided excerpts do not contain a specific 'cost of sales' figure for Bimbo Foods Bakeries Distribution, LLC for 2023. The financial statements are presented at a consolidated level for Grupo Bimbo, which encompasses multiple segments including Mexico, North America, Latin America, and Europe, Asia and Africa.
To obtain the specific cost of sales for Bimbo Foods Bakeries Distribution for 2023, a prospective franchisee should review the complete audited financial statements referenced in Exhibit K-1 of the FDD. These statements, prepared by Mancera, S.C. A Member Practice of Ernst & Young Global Limited, are included in Bimbo Foods Bakeries Distribution's Franchise Disclosure Document.
It is important to request and carefully examine these detailed financial records to understand the specific financial performance of Bimbo Foods Bakeries Distribution, LLC, rather than relying solely on the consolidated figures for the entire Grupo Bimbo. Understanding the cost of sales is crucial for assessing the profitability and financial health of the franchise opportunity.