Financial Data and Key Metrics Changes - In Q3 2024, total revenue grew by 8.3%, while operating income rose by 14.6% compared to the same period last year, indicating strong performance across business units [25] - Net consolidated income decreased by 27.5% to MXN 9.2 billion, primarily due to higher interest expenses and lower foreign exchange gains [26] - Gross margin expanded by 300 basis points to reach 44.2%, driven by healthy dynamics in commercial income and financial services [27] Business Line Data and Key Metrics Changes - Proximity Americas reported total revenue growth of 4.8%, with same-store sales flat due to a challenging comparison base and a 5.7% contraction in average traffic [27][6] - The Health division saw total revenues increase by 12.5% in pesos, with same-store sales growth of 7.4%, driven by strong performance in Colombia [32][21] - OXXO Gas posted a 7.6% increase in same-station sales and 8.2% in total revenues, with stable gross margin at 12.4% [33] Market Data and Key Metrics Changes - Average ticket grew by 6.1%, reflecting successful revenue management initiatives despite flat same-store sales [8] - In Europe, Valora's total revenues increased by 20.4% in pesos, driven by growth in retail and B2B foodservice, although traffic dynamics remained challenging [30] - The Colombian health sector is shifting towards private sector growth, benefiting FEMSA's retail operations [63] Company Strategy and Development Direction - The company is focusing on return on invested capital by format and line of business, with plans to accelerate, decelerate, or eliminate initiatives based on performance [9] - OXXO Mexico aims to expand its store base by approximately 1,100 net new stores in 2025, with a focus on enhancing its value proposition [12] - The company is deemphasizing expansion in certain Latin American markets like Chile and Peru, focusing instead on improving profitability [17][88] Management's Comments on Operating Environment and Future Outlook - Management noted a slowing consumer environment in Mexico, typical for the second half of an electoral year, but expects improvement in the economy and consumer environment [7][44] - The company remains optimistic about the performance of its flagship drugstores in Mexico, despite intense competition [66] - Management highlighted the importance of strategic adjustments in the Health division to navigate ongoing challenges, particularly in Mexico [32] Other Important Information - The company allocated MXN 12.1 billion in CapEx, representing 6.2% of total revenues, to drive operational efficiency and maintain competitive advantage [36] - FEMSA plans to return MXN 50 billion to shareholders over two to three years, with MXN 30.7 billion already allocated [37] - The company is focused on leveraging data analytics to enhance promotional offerings and improve customer engagement [34] Q&A Session Summary Question: OXXO same-store sales performance - Management acknowledged disappointing traffic numbers in Q3 but expects a better comparison in Q4, with plans for smart promotions to enhance December sales [44][45] Question: Digital initiatives and cash burn - Digital operations have seen a reduction in cash burn, focusing on leveraging existing customer base rather than aggressive acquisition [50] Question: Activation capabilities within Spin Premia - Management is optimistic about the data capabilities of Spin Premia, which is expected to enhance promotional targeting and revenue generation [57][58] Question: Health division same-store sales drivers - Strong performance in Colombia's retail segment and successful wholesale distribution in Chile contributed to the Health division's growth [63][64] Question: Plans for Bara format - Bara has been performing well with a focus on hard discount strategies, and management plans to accelerate its expansion while ensuring operational separation from OXXO [70][72]

Exhibit 99.1 3Q 2024 Results October 28, 2024 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 October 28, 2024 | Page 1 HIGHLIGHTS Monterrey, Mexico, October 28, 2024 — Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2024. Financial Summary for the Third Quarter 2024 Change vs. comparable period ...

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 ...

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 ...

Core Viewpoint - FEMSA has announced the early tender results for its cash Tender Offer to purchase up to US$250 million of its notes, indicating a strategic move to optimize its capital structure and enhance financial flexibility [1][6]. Tender Offer Details - The Tender Offer is set to expire on July 3, 2024, at 5:00 p.m. New York City time, unless extended or terminated earlier [11]. - As of the Early Tender Time on June 17, 2024, all conditions for the Tender Offer have been satisfied or waived [4]. - The Total Consideration for the notes includes an early tender premium of US$30 per US$1,000 principal amount of notes validly tendered [2][15]. Financial Information - FEMSA has accepted for purchase US$206,762,000 of its 3.500% Senior Notes due 2050, with a total outstanding principal amount of US$1,556,946,000 [9][15]. - The initial settlement date for the accepted notes is expected to be June 20, 2024 [16]. Strategic Context - The Tender Offer is part of a series of strategic initiatives announced by FEMSA in February 2023, aimed at a comprehensive review of its business platform and capital structure [6]. - FEMSA operates in various sectors, including retail, beverage, and logistics, employing over 392,000 people across 18 countries [7].