So whatever opportunities we're looking at, almost all of them include a gasoline proposition. Again, in terms of size of opportunities, we've spoken about sizes which would be considered small relative to the size of all of FEMSA. I don't have in our radar right now opportunities that exceed the billion, billion and a half numbers. We would like to start out with something smaller, get our feet on the ground, test out opportunities and possibilities before we would undertake a very large transaction. And w ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------|--------|------------------------|--------|------------------------|---------|--------------------------------|--------|--------------------------| | | 2Q24 | Total Revenues \nYTD24 | \n2Q24 | Gross Profit \nYTD24 | 2Q24 | Income from Operations \nYTD24 | \n2Q24 | Same-Store Sales \nYTD24 | | FEMSA Consolidated | 12.2% | 11.6% | 19.1% | 14.9% | 15.8% | 14.9% | | | | Proximity Americas | 8.9% | 11.8% | 17.2% | 18.4% | 7.6% | 9.1% | ...

MONTERREY, Mexico, July 17, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Mill Point Capital LLC, a leading private equity firm, to divest FEMSA's refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis. About FEMSA About Mill Point Capital LLC This transaction represents an additio ...

MONTERREY, Mexico, July 08, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Second Quarter Conference Call that will be held on: Wednesday, July 24, 2024 11:00 AM Eastern Time (9:00 AM Mexico City Time) To participate in the conference call please dial: Toll Free US: (866) 580 3963 International: +1 (786) 697 3501 Conference ID: FEMSA The quarterly results will be released on Jul ...

MONTERREY, Mexico, June 17, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the early tender results and acceptance for its previously announced offer to purchase for cash (the "Tender Offer") up to US$250,000,000 (the "Tender Cap") aggregate principal amount of the notes set forth in the table below (all such notes, the "Notes") subject to proration as described in the Offer to Purchase (as defined below), from each registered ho ...

The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase dated June 4, 2024 (as amended or supplemented from time to time, the "Offer to Purchase"). __________________ (1) The Total Consideration payable per each US$1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Tender Offer will be calculated in accordance with the formula set forth in Schedule I of the Offer to Purchase, bas ...

FEMSA has been witnessing solid growth trends across all business units. FMX's digital initiatives, business expansion endeavors, and continued strength in OXXO Mexico and OXXO Gas have also been aiding results. Moreover, it displays solid financial flexibility. Image Source: Zacks Investment Research The company is on track with its FEMSA Forward Strategy announced in February 2023, which is focused on the long-term value creation of its core businesses — retail (including the Health Division), Coca-Cola F ...

MONTERREY, Mexico, June 4, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has commenced an offer to purchase for cash (the "Tender Offer") up to US$250,000,000 (the "Tender Cap") aggregate principal amount of the notes set forth in the table below (all such notes, the "Notes"), subject to proration as described herein, from each registered holder of the Notes (each a "Holder" and, collectively, the "Holders"). The Tender Offer ...

Fomento Economico Mexicano S.A.B. de C.V. (FMX) , alias FEMSA, reported first-quarter 2024 net majority earnings per ADS of 49 cents (Ps. 0.82 per FEMSA unit). The company posted adjusted net majority earnings per ADS of 47 cents, down from $1.16 earned in the year-ago quarter.Net consolidated income was Ps. 5,884 million (US$355.4 million), reflecting a decrease from Ps.50,329 million from the year-ago quarter.Total revenues were $10.8 billion (Ps. 178,204 million), which improved 11.3% year over year in t ...

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET I'll now turn the call over to Juan Fonseca, Head of Investor Relations. Please go ahead. José Antonio Fernández In the process, we believe we have become more effective retailers, and this is now allowing us to find promising opportunities, beyond the core OXXO Mexico format. As you know, we are thoughtfully accelerating our organic expansion efforts with OXXO in several markets in South Americ ...