Group 1 - FEMSA will hold its Third Quarter Conference Call on October 28, 2024, at 10:30 AM Eastern Time [1] - The quarterly results will be released on the same day before markets open [1] - Participants can join the conference call via a toll-free number or an international dial-in option [1] Group 2 - FEMSA operates in the retail industry through its Proximity Americas Division, which includes the OXXO small-format store chain [2] - The company also has a presence in Europe through its Proximity Europe division, which includes Valora and various convenience formats [2] - In the beverage sector, FEMSA is the largest franchise bottler of Coca-Cola products globally by volume [2] - The company employs over 392,000 individuals across 18 countries [2] - FEMSA is recognized in several sustainability indices, including the Dow Jones Sustainability MILA Pacific Alliance and the FTSE4Good Emerging Index [2]

Fomento Economico Mexicano S.A.B. de C.V. (FMX) , alias FEMSA, stays on the list of investors' favorite beverage stocks, mainly because of effective growth strategies and strong market demand. The company continues to progress on the FEMSA Forward Strategy, which is focused on the long-term value creation of its core businesses — retail, Coca-Cola FEMSA (KOF) and Digital@FEMSA. Its retail business provides substantial opportunities for long-term growth, backed by improvements in the Proximity division. FEMS ...

Fomento Economico Mexicano S.A.B. de C.V. (FMX) alias FEMSA shares have witnessed a pullback from the beginning of 2024, with the stock declining as much as 20.8% in the year-to-date period. This pullback in share price relates to the challenges in the Health division that have impacted its performance in recent quarters. FEMSA's Health division is in a weak spot due to its operations in diverse and often challenging macroeconomic and commercial environments. The Health division is facing complex, competiti ...

The theoretically defensive food and beverage sector hasn't really been all that defensive of late in Mexico, as companies like Arca Continental (OTCPK:EMBVF), Coca-Cola FEMSA (KOF), FEMSA (NYSE:FMX), Grupo Soriana (OGZSY), and WalMex (OTCQX:WMMVY) have all had rather lackluster performances since my last update on FEMSA. While most of these names have managed to outperform the overall index in Mexico, they haven't exactly done well as investors have been much more cautious about the country since the presi ...

Shares of the Zacks Rank #3 (Hold) company have lost 14.8% in the year-to-date period against the industry's 5.3% growth. FEMSA's gross profit rose 19.1% year over year to Ps. 82,440 million (US$4.5 billion). The consolidated gross margin expanded 240 basis points (bps), owing to the gross margin expansion in Proximity Americas, Proximity Europe and Coca-Cola FEMSA; and steady margins in FEMSA's Health and Fuel operations. FEMSA's operating income (income from operations) improved 15.8% year over year to Ps ...

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 ...