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 ...

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(1) The Total Consideration payable per each US$1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Tender Offer will be calculated in accordance with the formula set forth in Schedule I of the Offer to Purchase, bas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 ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 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) United Mexican States (Jurisdiction of incorporation or organization) General Anaya No. 601 Pte. Colonia Bella Vista Monterrey, N ...

Currency and Debt - As of December 31, 2023, Mexican peso-denominated debt represented 52.5% of the total debt[91] - The Mexican peso appreciated by approximately 13.3% against the U.S. dollar compared to 2022[94] - The Mexican peso experienced fluctuations of 5.0% appreciation in 2022 and 3.1% depreciation in 2021 against the U.S. dollar[94] - Future currency devaluations may increase operating costs, negatively impacting financial results[98] Economic and Political Environment - Economic conditions in Mexico are highly correlated with those in the United States due to the USMCA agreement[104] - Political developments in Mexico, including elections in 2023 and 2024, could introduce risks affecting operations and financial performance[99] Security and Operational Risks - Increased criminal activity in Mexico poses risks to business continuity and may negatively impact sales and customer traffic[100] - Volatility in commodity markets and supply chain disruptions due to geopolitical conflicts could adversely affect business operations[92] Corporate Governance - The voting trust owned 38.69% of the capital stock and 74.86% of the capital stock with full voting rights as of March 22, 2024[106] - As of April 23, 2024, there were no restrictions on the company's ability to pay dividends[115]