MONTERREY, Mexico, April 30, 2025 (GLOBE NEWSWIRE) -- Fomento Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (SEC) followed by its annual report, for the same period, with the Comisión Nacional Bancaria y de Valores (Mexican Banking and Securities Commission) and the Bolsa Mexicana de Valores (Mexican Stock Exchange). ...

Fomento Economico Mexicano S.A.B. de C.V. (FMX) , alias FEMSA, reported first-quarter 2025 net majority earnings per ADS of 79 cents (Ps. 1.62 per FEMSA unit). The company posted adjusted net majority earnings per ADS of 45 cents, down from 47 cents in the year-ago quarter and missed the Zacks Consensus Estimate 52 cents.Net consolidated income was Ps. 8,943 million (US$437.1 million), reflecting growth of 54.3% from the year-ago quarter.Total revenues were US$9.58 billion (Ps. 195,820 million), which impro ...

Core Insights - FEMSA reported a total revenue growth of 11.1% and an increase in income from operations by 4.9% for the first quarter of 2025 compared to the same period in 2024 [5] - The company faced challenges in the Proximity Americas segment, with total revenues growing by 6.8% but income from operations decreasing by 11.8% [5] - Coca-Cola FEMSA achieved a revenue growth of 10.0% and an income from operations increase of 7.4% compared to the first quarter of 2024 [5] Financial Performance - Total revenues for FEMSA reached a growth of 11.1% in Q1 2025 [5] - Gross profit increased by 15.8% in the same period [2] - Income from operations rose by 4.9% compared to Q1 2024 [5] Segment Analysis - Proximity Americas experienced a revenue growth of 6.8% but faced a significant decline in income from operations by 11.8% [2][5] - Proximity Europe saw a revenue increase of 18.0% but a decline in income from operations by 14.6% [2] - The Health segment reported a revenue growth of 21.0% and a substantial increase in income from operations by 27.4% [2] - The Fuel segment had a modest revenue growth of 1.8% but faced a decline in income from operations by 13.9% [2] User Engagement - Spin by OXXO had 8.9 million active users, representing a growth of 20.9% compared to Q1 2024 [5] - Spin Premia recorded 25.2 million active loyalty users, reflecting a growth of 15.9% compared to the same period last year [5] - The average tender for Spin Premia increased to 42.5% from 35.1% in Q1 2024 [5] Management Commentary - The CEO highlighted the company's ability to navigate a challenging environment, particularly in Mexico, leveraging a geographically diversified business platform [3] - The company anticipates a recovery in its Mexico business as the year progresses, projecting momentum in the second half of 2025 [6] - Management expressed confidence in the initiatives being implemented to drive revenues and lower costs [7]

Table of Contents As filed with the Securities and Exchange Commission on April 24, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number 001-35934 Fomento Económico Mexicano, S.A.B. de C.V. (Exact name of registrant as specified in its charter) Mexican Economic Development, Inc. (Translation of registrant's name into English ...

Fomento Economico Mexicano S.A.B. de C.V. (FMX) , alias FEMSA, shares have rallied 24.3% in the year-to-date period. With this rise, FMX shares have outperformed the broader industry and the Consumer Staples sector’s growth of 10.7% and 5.7%, respectively. The company’s shares have also surpassed the S&P 500’s decline of 12.6% in the same period.FMX’s YTD Stock Performance Image Source: Zacks Investment Research At the current price of $106.23, the FMX stock trades at a 13.7% discount to its 52-week high of ...

Core Points - FEMSA held its Annual Shareholders' Meeting on April 11, 2025, where shareholders approved the consolidated financial statements for the year ended December 31, 2024, the CEO's annual report, and the Board of Directors' opinion for 2024 [1] - The meeting resulted in the election of the board of directors and various committee members for 2025 [2] - An ordinary cash dividend was declared, amounting to Ps. 0.95475 per Series "D" share and Ps. 0.7638 per Series "B" share, totaling Ps. 4.5826 per "BD" Unit and Ps. 45.826 per ADS, to be paid in four installments [2] - An extraordinary cash dividend was also approved, amounting to Ps. 2.1060 per Series "D" share and Ps. 1.6848 per Series "B" share, totaling Ps. 10.1084 per "BD" Unit and Ps. 101.084 per ADS, to be paid in four installments [3] Company Overview - FEMSA creates economic and social value through its various companies and institutions, aiming to be the best employer and neighbor in its operating communities [4] - The company operates in the retail industry through its Proximity Americas Division, which includes OXXO, and Proximity Europe, which encompasses Valora [4] - FEMSA's Health Division includes drugstores and digital financial services initiatives, while its beverage segment is represented by Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products globally by volume [4] - The company employs over 392,000 individuals across 18 countries and is recognized in several global indices for its performance and sustainability [4]

MONTERREY, Mexico, March 03, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces it will hold its Annual Ordinary Shareholders’ Meeting on April 11, 2025, in Monterrey, Nuevo Leon, Mexico (the “Shareholders’ Meeting”). A copy of the formal call for the Shareholders’ Meeting is available in the following link: https://femsa.gcs-web.com/shareholder-meeting-information. The detailed proposals for each item of the agendas o ...

Core Viewpoint - The shares of Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) have been underperforming due to concerns regarding softer consumption in Mexico and limited free cash flow [1] Company Summary - FEMSA is identified as a leading retailer in Mexico and Latin America [1] - The company's stock performance has been negatively impacted since the last update, indicating ongoing challenges in the market [1]

I initiated coverage on Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX ) in early December after returning from a vacation in Mexico City. The company, more commonly known as FEMSA, operates a conglomerate of businesses ranging from soda bottling, to convenience store operations, to retail25 years+ in the financial/investment industry. Former Senior Managing Editor here at Seeking Alpha; the tail end of an ~11 year stint working for SA. Prior to this, I worked as a Treasury Manager for a large commod ...

Core Insights - FEMSA reported a significant decline in net majority earnings per ADS for Q4 2024, with earnings at 91 cents compared to $1.70 in the previous year, reflecting a drop in adjusted net majority earnings to 46 cents [1][2] - Total revenues for the company increased by 12.8% year over year to $9.99 billion, driven by growth across all business units and favorable currency rates due to the depreciation of the Mexican Peso [2][3] Financial Performance - FEMSA's gross profit rose 16.7% year over year to Ps. 90,906 million ($4.36 billion), with a consolidated gross margin expansion of 140 basis points [3][4] - Operating income improved by 31.5% year over year to Ps. 22,634 million ($1.09 billion), with the consolidated operating margin increasing by 160 basis points to 10.9% [5] Segment Performance - Proximity Americas segment revenues increased by 13.2% year over year to Ps. 80,992 million ($3.9 billion), with same-store sales up by 3.8% [7][8] - Proximity Europe saw a revenue growth of 21.5% year over year to Ps. 13,870 million ($665 million), although the operating margin contracted by 50 basis points to 4.7% [9] - The Health Division reported revenues of Ps. 21,824 million ($1.05 billion), up 13.3% year over year, with a significant operating income increase of 109.7% [10] - Fuel Division revenues rose by 8% year over year to Ps. 16,331 million ($783 million), with average same-station sales increasing by 9.7% [11] - Coca-Cola FEMSA's revenues advanced 14.3% year over year to Ps. 75,528 million ($3.6 billion), with a 25% increase in consolidated operating income [12] Financial Position - As of December 31, 2024, FEMSA had cash and cash equivalents of Ps. 139,834 million ($6.7 billion) and long-term debt of Ps. 139,151 million ($6.7 billion) [13] - Capital expenditure for Q4 2024 totaled Ps. 20,694 million ($992.2 million), focusing on production and distribution capacity enhancements [13]