Alfa S. A. B. De C. V Stock Earnings Reports

Sigma Foods reported a strong second quarter 2026 with record volume, revenues and comparable EBITDA driven by broad-based performance across regions and favorable FX translation. Key operational highlights: continued capacity recovery in Europe (La Bureba vacuum capacity start-up and Valencia plant under construction for summer 2027), completion of the Roger Wood Foods acquisition in the U.S., and ongoing organic launches in the Dinner sausages category. Regional performance: Mexico delivered record volume, revenue and EBITDA (notably yogurt and proximity/channel strength); Europe posted its highest Q2 comparable EBITDA since 2021 supported by fresh meat and lower hog prices; the U.S. showed seasonal sequential improvement and early signs of year‑on‑year volume recovery with Roger Wood integration on plan; Latin America recorded its fourth consecutive quarterly EBITDA improvement. Capital allocation: management paid the first $76 million dividend installment, will pay a second in October, and has been opportunistically repurchasing shares while maintaining a target leverage focus. Balance sheet and guidance: net debt was ~$2.9 billion, net leverage 2.7x (targeting ~2.5x by year-end), and management reaffirmed confidence in delivering full‑year EBITDA guidance of $1.1 billion. Key risks and items to monitor: raw material and freight cost volatility (grain prices, geopolitical risks), FX translation impacts on financial costs, seasonality in Europe, and successful ramp-up of new European capacity.