Consumer
Mexico Food Company Herdez Soars 12% on Earnings Beat, Outlook
Cans of Grupo Herdez brand mixed vegetables at a store in Mexico City.
Photographer: Susana Gonzalez/BloombergShares of Mexican food company Grupo Herdez are on track for their best day in six months following an earnings beat and amid an optimistic sales outlook.
The company’s equity surged as much as 12% on Thursday, on track for the biggest intraday move since August, and flirting with a record-high.