The first-quarter reports of companies in the Beverage industry, mainly comprising the alcohol and soft drink variants, are likely to reflect their abilities to navigate through the changing consumer preferences, global economic shifts and supply-chain challenges. Notably, the beverage industry participants have made strides to keep up with the changing consumer choices by optimizing their portfolios, focusing on core brands, investments in innovation and expansion into adjacent categories.Consumers have be ...

MONTERREY, Mexico, April 15, 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 First Quarter Conference Call that will be held on: Friday, April 26, 202411:00 AM Eastern Time(9:00 AM Mexico City Time) To participate in the conference call please dial:Toll Free US: (866) 580 3963International: +1 (786) 697 3501Conference ID: FEMSA The quarterly results will be released on April 26 b ...

Fomento Economico Mexicano S.A.B. de C.V. (FMX) alias, FEMSA, has been in a good spot, courtesy of its robust strategic initiatives. FEMSA has been witnessing solid growth trends across all business units, owing to effective strategies and strong market demand. The company’s efforts to expand in the U.S. specialized distribution segment bode well.FMX's digital initiatives, business expansion endeavors and continued strength in OXXO Mexico and OXXO Gas have also been aiding results. Moreover, it displays sol ...

Fomento Economico Mexicano S.A.B. de C.V. (FMX) , alias FEMSA, reported fourth-quarter 2023 net majority earnings per ADS of 64 cents (Ps. 0.91 per FEMSA unit). The company posted adjusted net majority earnings per ADS of $1.07, missing the Zacks Consensus Estimate of $1.41.Net consolidated income was Ps. 6,337 million (US$375 million), reflecting a 20.7% decrease from the year-ago quarter.Total revenues were $11,232 million (Ps. 189,825 million), which improved 4.6% year over year in the local currency. Re ...

Financial Data and Key Metrics Changes - Total revenues increased by 4.6% in Q4 2023, with EBITDA rising by 3.6% compared to Q4 2022 [31] - Net consolidated income decreased by 20.7% to MXN 6.3 billion, impacted by a non-cash foreign exchange loss of MXN 6.3 billion and a MXN 3.2 billion net loss from discontinued operations [173] Business Line Data and Key Metrics Changes - Proximity Americas added 514 stores in Q4 2023, totaling 1,408 new stores for the year, with a gross margin growth of 17.2% [11][12] - Coca-Cola FEMSA reported a total volume increase of 6.1% and total revenues grew by 8.1%, with an operating margin of 14.6% [15] - The Health division expanded by 127 net new drug store additions, reaching a total of 4,474 units [187] Market Data and Key Metrics Changes - In Mexico, same-store sales grew by 8.5%, driven by strong consumer demand [167] - In Colombia, the company is shifting towards more retail and less institutional exposure due to challenges in the institutional health industry [207] Company Strategy and Development Direction - The company is focused on three strategic priorities: accelerating growth, increasing digital capabilities, and balancing risk/return profiles [4] - The long-range plan includes strengthening the core, developing new growth avenues, and expanding the footprint beyond Mexico [28] - The company aims to achieve a net debt-to-EBITDA ratio of two times within two to three years [166] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating challenges and opportunities in the market, emphasizing a commitment to creating value for stakeholders [18] - The company is optimistic about the performance in 2024, despite some expected headwinds [125] Other Important Information - Significant leadership changes were announced, with the CFO and Chief Corporate Officer set to leave by the end of April [5] - The company is poised to begin deploying its capital allocation strategy, which includes share buybacks and extraordinary dividends [148] Q&A Session All Questions and Answers Question: What is the outlook for same-store sales and the impact of competitive pressures? - Management noted that the current mix of sales is more normalized and expects future performance to align with recent results rather than previous higher growth rates [37] Question: Can you elaborate on the management changes and their impact on the company's strategy? - Management confirmed that the outgoing executives will assist until the end of April, ensuring a smooth transition while maintaining strategic focus [39][40] Question: How will the company achieve its target leverage and manage excess cash? - The company plans to reach a two times net debt-to-EBITDA ratio through a combination of share repurchases, special dividends, and organic/inorganic investments [46][61] Question: What are the drivers of margin pressure in the Proximity Americas segment? - Management indicated that labor costs and regulatory changes are significant factors contributing to margin pressure, alongside the need for operational efficiencies [115][203] Question: How is the company addressing competitive pressures in the health sector? - The company is adapting its strategy to focus more on retail and less on institutional operations in response to competitive dynamics [126]

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has Fomento Economico (FMX) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Fomento Economico is one of 193 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the indi ...

Fomento Economico Mexicano, S.A.B. de C.V. (FMX) , or FEMSA, is slated to report fourth-quarter 2023 earnings on Feb 23. The company is likely to have witnessed top-line growth in the quarter under review.The Zacks Consensus Estimate for FMX’s fourth-quarter revenues is pegged at $11.2 billion, indicating growth of 18.4% from the year-ago quarter's reported figure.The Zacks Consensus Estimate for FMX’s 2023 earnings of $5.90 per share suggests 66.2% growth from the year-ago quarter’s reported figure. The co ...

Fomento Economico Mexicano S.A.B. de C.V. (FMX) alias, FEMSA, has provided further insights on its future capital allocation, aligning with its FEMSA Forward strategy that was introduced in February 2023. The company’s capital allocation strategy is focused on enhancing long-term intrinsic per-share value.With a robust portfolio of compelling investment opportunities at its disposal, the company is poised to channel substantial capital into core organic growth initiatives, predominantly within Mexico. In Me ...

MONTERREY, Mexico, Feb. 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 Fourth Quarter and Full Year 2023 Conference Call that will be held on: Friday, February 23, 202410:00 AM Eastern Time(9:00 AM Mexico City Time) To participate in the conference call please dial:Toll Free US: (866) 580 3963International: +1 (786) 697 3501Conference ID: FEMSA The quarterly results will be ...

A day doesn’t go by when another large asset management firm discusses why they are abandoning China for other international stock picks. The reality is that China stocks are out, but you should still consider stocks from other foreign countries. On Jan. 20, Bloomberg reported that Vontobel Asset Management—the Zurich-based asset manager had assets under management of 207 billion Swiss francs ($239 billion) at the end of October—selling its China holdings and moving this cash into other emerging markets suc ...