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Bimbo integration costs to the fore
date:May 04, 2014
Integration costs nearly double the level of a year ago were a principal factor in a sharp operating income decline for the U.S. baking business of Grupo Bimbo S.A.B. de C.V. In an April 30 conference call, expenses during the quarter and the outlook for more were the subject of considerable discussion between Bimbo executives and investment analysts.

Operating income of Bimbo Bakeries USA in the first quarter ended March 31 was 94 million pesos ($7.2 million), down 86% from 676 million pesos i

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