FEMSA Announces First Quarter 2025 Results

Core Insights - FEMSA reported a total revenue growth of 11.1% and an increase in income from operations by 4.9% for the first quarter of 2025 compared to the same period in 2024 [5] - The company faced challenges in the Proximity Americas segment, with total revenues growing by 6.8% but income from operations decreasing by 11.8% [5] - Coca-Cola FEMSA achieved a revenue growth of 10.0% and an income from operations increase of 7.4% compared to the first quarter of 2024 [5] Financial Performance - Total revenues for FEMSA reached a growth of 11.1% in Q1 2025 [5] - Gross profit increased by 15.8% in the same period [2] - Income from operations rose by 4.9% compared to Q1 2024 [5] Segment Analysis - Proximity Americas experienced a revenue growth of 6.8% but faced a significant decline in income from operations by 11.8% [2][5] - Proximity Europe saw a revenue increase of 18.0% but a decline in income from operations by 14.6% [2] - The Health segment reported a revenue growth of 21.0% and a substantial increase in income from operations by 27.4% [2] - The Fuel segment had a modest revenue growth of 1.8% but faced a decline in income from operations by 13.9% [2] User Engagement - Spin by OXXO had 8.9 million active users, representing a growth of 20.9% compared to Q1 2024 [5] - Spin Premia recorded 25.2 million active loyalty users, reflecting a growth of 15.9% compared to the same period last year [5] - The average tender for Spin Premia increased to 42.5% from 35.1% in Q1 2024 [5] Management Commentary - The CEO highlighted the company's ability to navigate a challenging environment, particularly in Mexico, leveraging a geographically diversified business platform [3] - The company anticipates a recovery in its Mexico business as the year progresses, projecting momentum in the second half of 2025 [6] - Management expressed confidence in the initiatives being implemented to drive revenues and lower costs [7]