FEMSA(FMX)
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FEMSA(FMX) - 2022 Q4 - Earnings Call Transcript
2023-02-24 22:11
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 ...
FEMSA(FMX) - 2022 Q3 - Earnings Call Transcript
2022-11-01 03:57
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 ...
FEMSA(FMX) - 2022 Q3 - Earnings Call Presentation
2022-11-01 03:56
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 ...
FEMSA(FMX) - 2022 Q3 - Quarterly Report
2022-09-11 16:00
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 ...
FEMSA(FMX) - 2022 Q2 - Earnings Call Transcript
2022-07-30 19:33
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 ...
FEMSA(FMX) - 2022 Q1 - Earnings Call Transcript
2022-05-02 18:12
Financial Data and Key Metrics Changes - Total revenues increased by 18.6% in Q1 2022 compared to Q1 2021, while income from operations rose by 24.9% [10] - On an organic basis, total revenues grew by 15.2% and income from operations increased by 22.2% [10] - Net income decreased by 6.6% to 5.8 billion pesos, impacted by a noncash foreign exchange loss [10] Business Line Data and Key Metrics Changes - OXXO opened 69 net new stores in Q1 2022, reaching 794 net openings over the last 12 months, with same-store sales up 12.7% [11] - Health operations expanded drugstore count by 66, with revenues increasing by 5.1% and same-store sales up 3.5% [13] - Logistics and distribution revenues increased by 48.3%, with organic growth of 12.2% [14] - Coca-Cola FEMSA volumes grew by 10.1%, with revenues up 14.6% despite supply chain disruptions [15] Market Data and Key Metrics Changes - OXXO's gross margin increased by 110 basis points to 41.1%, driven by improved commercial income [12] - Coca-Cola FEMSA's gross profit grew by 13.5%, reflecting solid raw material hedging strategies [15] Company Strategy and Development Direction - The company is focused on consolidating its logistics and distribution platform through acquisitions, such as Sigma Supply, to strengthen its presence in the U.S. market [7][20] - There is a commitment to expanding digital platforms, with significant growth in registered users for Spin by OXXO and OXXO Premia [8] - The company aims to increase store openings in international markets, particularly in Brazil, with expectations of reaching parity with Mexico in store numbers over the next five to ten years [54][56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustained growth and recovery in consumer activity as the world reopens [4] - The company remains vigilant regarding macroeconomic challenges such as inflation and supply chain disruptions but is confident in its operational fitness [15] - The board is conducting a strategic review to address the share price discount to NAV and explore options for value creation [60][61] Other Important Information - The logistics and distribution segment is seen as a potential new core for the company, with significant growth opportunities through consolidation and cross-selling [49] - The company is adapting its value proposition in international markets to meet local consumer needs [57] Q&A Session Summary Question: Future growth of logistics segment and capital allocation strategy - Management highlighted the potential for mid-single-digit organic growth and mid-double-digit growth with inorganic opportunities in the logistics segment [19] Question: Impact of Spin and Premia on data capture and customer engagement - Management noted that Spin is capturing marginal consumers and increasing transaction frequency, while Premia is enhancing customer loyalty and engagement [22][24] Question: Traffic comparison to 2019 levels and inflation impact - Traffic remains below 2019 levels, but same-store sales are up due to increased average ticket sizes; management is strategically managing costs amid inflation [29][30] Question: Changes in consumer behavior regarding cash transactions - Management indicated that while cash transactions remain prevalent, there is a growing acceptance of digital transactions, particularly among small business owners [33][35] Question: Gross margin dynamics and pricing architecture - Management attributed gross margin improvements to increased commercial activity and effective cost management, with ongoing testing of pricing strategies for digital services [38][39] Question: Long-term vision for logistics and distribution - Management expressed confidence in the logistics division's growth potential and the ability to create a powerful national platform through acquisitions and synergies [48][49]
FEMSA(FMX) - 2021 Q4 - Annual Report
2022-04-14 18:19
Table of Contents As filed with the Securities and Exchange Commission on April 14, 2022 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 Juan F. Fonseca; Tel (52-818) 328-6167; investor@femsa.com.mx General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL 64410 Mexico (Name, telephone, email and/or facsimile number and address of company contact person) Securities registered or to be ...
FEMSA(FMX) - 2021 Q4 - Annual Report
2022-04-13 16:00
Mexican Economic Development, Inc. 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 2022 FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (Exact name of Registrant as specified in its charter) Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule ...
FEMSA(FMX) - 2021 Q4 - Earnings Call Transcript
2022-02-28 21:56
Fomento Economico Mexicano, S.A.B. de C.V.’s (NYSE:FMX) Q4 2021 Earnings Conference Call February 28, 2022 9:30 AM ET Company Participants Eduardo Padilla – Chief Executive Officer Daniel Rodríguez Cofré – Current Chief Executive Officer-FEMSA Comercio Paco Camacho – Chief Corporate Officer Eugenio Garza – Finance and Corporate Development Director Juan Fonseca – Director-Investor Relations Daniel Vargas – Digital Distributors Coordinator Conference Call Participants Bob Ford – Bank of America Alan Alanis – ...
FEMSA(FMX) - 2021 Q4 - Earnings Call Presentation
2022-02-28 17:24
(1) variations vs. comparable results FEMSA Announces Fourth Quarter and Full Year 2021 Results Monterrey, Mexico, February 28, 2022 — Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD) announced today its operational and financial results for the fourth quarter and full year of 2021. HIGHLIGHTS • Our results during 2020 were significantly impacted by the COVID-19 pandemic and the related changes in consumer mobility and behavior across markets. As we look at our 4Q21 results, t ...