Mexico’s Bimbo lifts lower end of full-year EBITDA outlook

MEXICO CITY, Oct 22 (Reuters) Mexico s Grupo Bimbo, among the world s top distributors of baked ​goods, on Thursday raised ‌the lower end of its adjusted EBITDA margin expansion guidance for the year. • The company raised the lower end ‌of ​its adjusted EBITDA ⁠margin to 85 ⁠basis points from 60 basis points, while the upper end remained unchanged at 120 basis points. • ​The company maintained its 2026 net sales guidance for mid-single-digit ⁠growth and its ⁠capital expenditure forecast of ​between $1 billion and $2 billion, management said ​during a conference call following its ‌third-quarter results. • The previous adjusted EBITDA margin expansion guidance range was 60 to 120 basis ⁠points. • Looking ahead to 2027, management expects continued benefits from its North America transformation initiatives , ⁠profitable ‌growth in Mexico and ⁠improving performance in Latin ​America, ‌but flagged a more ​inflationary environment, ⁠JPMorgan noted following the call. • Net profit in the