Mexico’s Gruma Lines Up $125 Million Refinancing as Tortilla Sales Stall

Mexico · Business Key Facts —Stagnant Performance Consolidated net sales rose only 1 percent in Q3 2025, signaling a flattening of revenue growth for the world’s largest tortilla maker. —U.S. Foodservice Weakness Volume declines in the U.S. foodservice channel have been a persistent drag on Gruma’s overall sales, offsetting retail gains. —$125 Million Refinancing The…