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 ...

Hey, guys. Good morning. Thanks so much for space for question. Just one quick one here from my side. On the release there, you're mentioning on the proximity formats, the decrease in the contribution of financial services. So just to understand there, if there's any change in competitive landscape or dynamics or if there's any kind of specific situation that are impacting that part of the business? I mean when you spoke already about kind of Banorte going back and forth, but it would be great if we could g ...

Moving on to discuss our operations and beginning with proximity Americas. We added 444 new units during the second quarter to reach 1,391 net new stores for the last 12 months. This quarter's strong expansion set us ahead of our yearly expansion target, and it underscores OXXO Mexico's strong growth potential. Having said that, we will stick to an objective of 900 net new OXXO stores just in Mexico for the time being, and the expansion curve for the rest of the year should be smoother than usual. OXXO same ...

Financial Data and Key Metrics Changes - Total revenues during the first quarter increased by 22%, while income from operations increased by 5.5% compared to the first quarter of 2022 [111] - On an organic basis, total revenues increased by 12.4% and income from operations increased by 3.3% [111] - Net consolidated income was Ps. 50.329 million, driven by a Ps. 40.6 million gain from the accounting remeasurement of FEMSA's investment in Heineken [95] - Gross margin was 40.3%, with a 160 basis points increase in the quarter, while operating margins decreased by 30 basis points [96][97] Business Line Data and Key Metrics Changes - OXXO same-store sales grew by 18.3% for the first quarter, the highest growth rate in the last 20 years, driven by an 11.9% increase in average customer ticket and a 5.7% growth in traffic [112] - The health division saw a slight decrease in revenues, with same-store sales down by an average of 5.5%, but on a currency-neutral basis, revenues grew by 14% [113] - Envoy Solutions reported a 23.7% increase in total revenues compared to the first quarter of 2022, although operating margin contracted by 140 basis points due to higher costs [114] Market Data and Key Metrics Changes - In Proximity Americas, 157 new units were added during the first quarter, reaching a total of 1,105 stores [10] - Coca-Cola FEMSA's total volume grew by 6.6%, with total revenues increasing by 12% and operating income growing by 12.9% [12] - Proximity Europe revenues were slightly above Ps. 10 billion, reflecting a recovery in traffic and ticket driven by improved customer mobility [11] Company Strategy and Development Direction - The company is focused on driving growth in core verticals and integrating its digital ecosystem with physical networks [6][8] - FEMSA Forward strategy aims to enhance value creation through sustainable practices and strategic alternatives for Envoy Solutions [7][24] - The company is committed to expanding its digital initiatives, including the integration of financial services and loyalty programs [31][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong business platform and ability to adapt to challenging environments, including high inflation and macroeconomic uncertainties [100] - The outlook for 2023 is positive, with expectations of strong unit growth in Mexico and continued performance improvements across various markets [45][46] - Management acknowledged the need for caution regarding future same-store sales growth, indicating that the 18% growth seen in Q1 may not be sustainable throughout the year [129] Other Important Information - The company has reduced its investment in Heineken from approximately 14% to 8%, which has positively impacted its leverage ratio, now at 1.8x [105] - The digital division is currently running a loss of about Ps. 900 million, with ongoing investments aimed at increasing user engagement and functionality [28][92] - The company is exploring opportunities for organic growth in its health division, particularly in Mexico, while also considering inorganic opportunities [153] Q&A Session Summary Question: What are the growth dynamics in the health division? - Management noted that growth in Colombia is driven by retail channels and customer affiliations, while Ecuador's growth is impacted by political and economic factors [16] Question: Can you elaborate on OXXO's same-store sales and average ticket increase? - Management confirmed that the increase in average ticket size is a consistent trend, driven by a broader product offering and recovering traffic [20][54] Question: What is the status of FEMSA Forward and Envoy negotiations? - Management stated that they are on track with FEMSA Forward and are exploring strategic alternatives for Envoy Solutions, with positive market conditions aiding their progress [24][70] Question: How does the company view cash returns to shareholders? - Management indicated that capital allocation decisions will be made with a focus on maximizing returns, considering share buybacks and dividends as potential options [36][70] Question: What are the plans for expanding the Bara format? - Management expressed strong ambitions for accelerating store openings in the Bara format, while also focusing on organic growth opportunities [39][66]

Table of Contents As filed with the Securities and Exchange Commission on April 21, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Commission file number 001-35934 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 ...

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q4 2022 Earnings Conference Call February 24, 2023 9:00 AM ET Company Participants Eugenio Garza - Chief Corporate Financial Officer, Director of Finance & Corporate Development Daniel Rodríguez - CEO Juan Fonseca - VP, IR Francisco Camacho Beltrán - Chief Corporate Officer Conference Call Participants Benjamin Theurer - Barclays Bank Alan Alanis - Santander Héctor Maya - Scotiabank Ricardo Alves - Morgan Stanley Marcella Recchia - Crédit Suisse Robert F ...

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q3 2022 Earnings Conference Call October 31, 2022 11:00 AM ET Company Participants | --- | |---------------------------------------------------| | | | Juan Fonseca - Director, Investor Relations | | Paco Camacho - Chief Corporate Officer | | Eugenio Garza - Chief Financial Officer | | Jorge Collazo - Coke Investor Relations | | Conference Call Participants | | Ricardo Alves - Morgan Stanley Luis Willard - GBM | | Hector Maya - Scotia Bank | | Alan Alanis ...

3Q 2022 Results October 28, 2022 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 EYSE Dow Jones Sustainability Indices FEMSA HIGHLIGHTS Monterrey, Mexico, October 28, 2022 — 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 2022. • FEMSA: Total Consolidated Revenues grew 20.5% against 3Q21. • PROXI ...

Exhibit 99.1 Ad hoc announcement pursuant to article 53 LR FEMSA publishes the provisional interim result of the public tender offer for Valora – participation rate of 84.41% Monterrey, Mexico / Muttenz, Switzerland, September 12, 2022 – Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA"; BMV: FEMSAUBD.MX; FEMSAUB.MX; NYSE: FMX) today published the provisional interim result of its public tender offer ("Offer") by FEMSA's wholly owned subsidiary Impulsora de Marcas e Intangibles, S.A. de C.V., to acquire a ...

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q2 2022 Results Conference Call July 28, 2022 10:00 AM ET Company Participants Juan Fonsec - Director of Investor Relations Daniel Rodriguez - CEO Eugenio Garza - CFO Jorge Collazo - Coke Investor Relations Conference Call Participants Ricardo Alves - Morgan Stanley Bob Ford - Bank of America Sergio Matsumoto - Citigroup Luis Yance - Compass Alvaro Garcia - BTG Thiago Bortoluci - Goldman Sachs Leandro Fontanesi - Bradesco Carlos Laboy - HSBC Rodrigo Alca ...