Jose Cuervo Financial Overview
Consolidated Statements of Comprehensive Income
Jose Cuervo
Annual
Nine months ended September 30th
Last 12 months
2022
2022
% of net sales
2023
% of net sales
2023
2023 in US$ (1)
Net sales
45,729
31,929
31,190
44,991
2,553
Cost of goods sold
20,642
14,783
46.3
15,640
50.1
21,499
1,220
Gross profit
25,087
17,146
53.7
15,551
49.9
23,492
1,333
Advertising, marketing and promotion
10,162
6,217
19.5
7,141
22.9
11,087
629
Distribution
2,193
1,536
4.8
1,402
4.5
2,059
117
Selling and administrative
3,877
2,730
8.6
3,023
9.7
4,169
237
Other expenses (income), net
(34)
(44)
(0.1)
(97)
(0.3)
(88)
-5
Operating income
8,890
6,706
21.0
4,080
13.1
6,263
355
Financing results
659
390
1.2
232
0.7
501
28
Profit before income taxes
8,231
6,317
19.8
3,849
12.3
5,764
327
Income taxes
2,350
1,832
5.7
1,078
3.5
1,596
91
Consolidated net income
5,881
4,485
14.0
2,771
8.9
4,167
236
EBITDA
9,843
7,348
23.0
4,876
15.6
7,371
418
1. MXN figures converted to US$ at a rate of 17.6195 (rate as of September 30, 2023), solely for the convenience of the reader
15View entire presentation