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]

Group 1 - The article discusses the initiation of coverage on Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX), commonly known as FEMSA, which operates a diverse range of businesses including soda bottling, convenience store operations, and retail [1] - The author has over 25 years of experience in the financial and investment industry, including roles in treasury management, financial performance analytics, and trading [1] - The investment ideas presented are likely to be a mix of contrarian, event-driven, and structured trades, reflecting a healthy interest in behavioral finance [1] Group 2 - The author holds a beneficial long position in the shares of FMX through stock ownership, options, or other derivatives [1] - The article emphasizes that the views expressed are personal opinions and not influenced by any business relationship with companies mentioned [1]

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]

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Juan Fonseca - Director, Investor Relations José Antonio Fernández Carbajal - Chief Executive Officer & Chairman Martin Arias - Chief Financial Officer Jorge Collazo - Coca-Cola, Investor Relations Conference Call Participants Ricardo Alves - Morgan Stanley Lisa Lane - Bank of America Hector Maya - Scotiabank Rodrigo Alcantara - UBS Renata Cabral - Citibank Ulises Argote ...

Core Insights - FEMSA reported strong operational and financial results for Q4 and the full year of 2024, with double-digit growth in revenues, gross profit, and income from operations across most business units, driven by platform strength and team efforts, alongside favorable foreign exchange conditions [4][8]. Financial Performance - Total consolidated revenues grew by 12.8% in Q4 and 11.2% year-to-date (YTD) 2024, while income from operations increased by 31.5% in Q4 and 19.8% YTD 2024 [2][8]. - Proximity Americas saw total revenues rise by 13.2% in Q4 and 10.3% YTD 2024, with income from operations increasing by 18.7% in Q4 and 11.2% YTD 2024 [2][8]. - Coca-Cola FEMSA's total revenues and income from operations grew by 14.3% and 25.0%, respectively, in Q4 compared to Q4 2023 [8]. Business Unit Highlights - Proximity Europe achieved a revenue growth of 21.5% in Q4 and 14.2% YTD 2024, with a gross profit increase of 17.5% in Q4 [2]. - The Health division reported a significant income from operations growth of 109.7% in Q4, although same-store sales showed a slight decline of 0.3% [2][8]. - The Fuel segment experienced a revenue growth of 8.0% in Q4 and 11.7% YTD 2024, with income from operations increasing by 6.9% in Q4 [2]. Strategic Initiatives - FEMSA continued to execute its capital allocation framework, returning record amounts of capital through dividends and share repurchases, with plans to accelerate this process in 2025 and 2026 [6]. - The company is facing a challenging consumer environment in many markets, particularly in Mexico, but remains confident in its strategic opportunities and team capabilities [8]. Governance - The Corporate Practices and Nominations Committee has initiated the succession process for the CEO position, indicating a focus on governance and leadership continuity [7].

Exhibit 99.1 Investor Contact (52) 818-328-6167 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com 4Q and Full Year 2024 Results February 27, 2025 February 27, 2025 | Page 1 HIGHLIGHTS Monterrey, Mexico, February 27, 2025 — Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the fourth quarter and full year of 2024. Financial Summary for the Fourth Quarter a ...

Company Overview - Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a company focused on creating economic and social value through its various business units and aims to be the best employer and neighbor in the communities it operates [2] - FEMSA operates in the retail industry through its Proximity Americas Division, which includes OXXO, a small-format store chain, and Proximity Europe, which encompasses Valora, a European retail unit [2] - The company also has a Health Division that includes drugstores and digital financial services initiatives under Digital@FEMSA, such as Spin by OXXO and Spin Premia [2] - In the beverage sector, FEMSA is the largest franchise bottler of Coca-Cola products globally by volume through Coca-Cola FEMSA [2] - The company employs over 392,000 individuals across 18 countries and is recognized in various sustainability indexes, including the Dow Jones Sustainability MILA Pacific Alliance and the FTSE4Good Emerging Index [2] Upcoming Events - FEMSA will hold its Fourth Quarter and Full Year 2024 Conference Call on February 27, 2025, at 10:00 AM Eastern Time [1] - The quarterly results will be released on the same day before markets open, and the conference call will be available via live webcast [2]

Core Viewpoint - FEMSA's stock has declined by 35.7% over the past year, underperforming both the broader industry and the Consumer Staples sector, which saw dips of 6.7% and 4.4% respectively, while the S&P 500 increased by 23.6% during the same period [1]. Stock Performance - The current stock price of FMX is $83.59, which is a 41.7% discount from its 52-week high of $143.43 and reflects a 3.1% premium over its 52-week low [4]. - FMX shares are trading below their 50 and 200-day moving averages, indicating a bearish sentiment in the market [4]. Challenges Facing FEMSA - The company is experiencing a soft consumer environment, particularly in Mexico, leading to mixed sales trends in the Proximity Americas segment, which reported a year-over-year sales growth of 4.8% but flat same-store sales [5]. - Adverse weather conditions have negatively impacted key consumption occasions for OXXO, resulting in underperformance in beer, sparkling beverages, and water [6]. Strategic Initiatives - FEMSA is implementing the FEMSA Forward Strategy, focusing on long-term value creation across its core businesses, including retail and Coca-Cola FEMSA [8]. - The company is advancing in the digital space through its Digital@FEMSA unit, which aims to create a value-added digital and financial ecosystem [9]. Growth Opportunities - FEMSA's Proximity and Health retail businesses present significant long-term growth opportunities, with the company on track to accelerate earnings growth through organic expansion [11]. - The stock is trading at a forward 12-month price-to-earnings ratio of 15.55X, which is below its five-year high and the industry average, indicating attractive valuation for potential investors [12]. Investment Potential - The focus on digital expansion and the potential in retail businesses highlight the company's resilience in a dynamic market, although a soft consumer environment in Mexico may impact near-term results [13].