In the company’s third quarter report, Grupo Lala discussed an ‘operational issue’ at one of its Mexican cheese plants, resulting in an inventory shortage and 8.8% volume loss.
Mexican dairy producer Grupo Lala's 2019 second quarter sales netted 14,467m pesos ($758m) in Mexico, a 3.9% increase from Q2 2018. The company cited “innovation and an improved mix” of its ‘value-added dairy’ offerings as reason for the jump.
Grupo Lala announced this week that it reached a deal with Blue Diamond Growers to distribute Blue Diamond Almond Breeze almond beverages in Mexico. It also released fourth-quarter and full-year financial reports from 2018.
Mauricio Leyva Arboleda will replace Scot Rank as CEO of Mexico’s Grupo Lala, effective September 1, 2018. The news comes just ten days after the company released its second quarter results.
Grupo LALA posted $789m in net sales for the first quarter of 2017, an 18.3% increase compared to the same period last year, which the dairy company credits to a product mix that continues to evolve towards a value-added portfolio.
Mexico-based Grupo LALA registered a 14.6% sales increase for the fourth quarter of 2016 posting $720m (14.5bn pesos), up from $620m (12.5bn pesos) for the same period last year.
Grupo LALA’s focus on nutritious food and beverage products (both dairy and non-dairy) continues to pay off as the Mexican company reported a 12.5% increase in net sales and $2.4m (44m pesos) in profit compared to the same period last year for its third...
Grupo Lala reported an 8.9% quarterly increase in net sales closing at $684.8m (12,903m pesos) for its second quarter, largely driven by sales of its non-dairy products and strong continued growth of its dairy segment.
Mexican food company Grupo LALA has released its fourth quarter results for 2015, as well as its FY 2015 results for the year, announcing a 43% increase in net income.
