Financial Data and Key Metrics Changes - Total revenues increased by 5.7% year-over-year in Q4 2025, reflecting improved trends in Proximity Americas and continued growth outside of Mexico, particularly in Coca-Cola FEMSA and Valora [26] - Operating income rose by 8.5%, driven by cost containment initiatives that offset gross margin pressure [26] - Net consolidated income for the quarter reached MXN 12.7 billion, a 33.6% increase compared to Q4 of the previous year, primarily due to an increase in income from operations and a significant reduction in non-operating expenses [27] Business Line Data and Key Metrics Changes - Proximity Americas saw total revenues increase by 5.3%, or 6.3% on a comparable basis, mainly due to same-store sales growth in Mexico and top-line growth in OXXO Colombia and Peru [28] - OXXO Mexico's same-store sales for Proximity Americas approached mid-single-digit growth at 4.4%, with traffic improving to a decline of only 0.6% [5] - OXXO Colombia generated positive EBITDA for the first time for the full year, with nearly break-even EBIT in Q4 [12] Market Data and Key Metrics Changes - The consumer environment in Mexico remained soft, with macro sentiment around investment and economic activity stabilizing but not improving significantly [8] - OXXO USA ended the year with 50 converted stores under the OXXO banner, focusing on expanding food service offerings [29] - Valora in Europe delivered revenue growth of 2.5% in pesos in Q4, with operating income increasing by 10.8% [30] Company Strategy and Development Direction - The company aims to regain OXXO Mexico's growth and relevance by focusing on recovering traffic and same-store sales through a sharper value proposition and improved customer experience [9] - A leaner organizational structure has been implemented to increase efficiency and effectiveness, consolidating leadership teams across divisions [22] - The company plans to increase its store base by more than one-third over the next decade, capturing a broader share of consumer spending [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in traffic and same-store sales, emphasizing the importance of profitable growth and market share expansion [44] - The company acknowledged challenges in the Health Division, particularly in the Colombian institutional business, but is implementing initiatives focused on cash flow generation and returns [15] - Management highlighted the need for a disciplined approach to capital allocation, linking expansion decisions to traffic recovery and margin sustainability [38] Other Important Information - The company deployed over $1 billion in CapEx for organic growth in Mexico for the third consecutive year, despite a reduction at the consolidated level compared to 2024 [12] - The restructuring efforts are expected to generate a positive impact on the bottom line of approximately MXN 1 billion on an annualized basis, primarily at the corporate level [25] Q&A Session Summary Question: Balance between growth and profitability in OXXO Mexico - Management acknowledged the need for profitable traffic growth and emphasized ongoing initiatives to improve the value proposition and assortment in Mexico [42][44] Question: Magnitude of restructuring initiatives - Management indicated that efficiency opportunities are being explored, with a focus on reducing unnecessary expenses and optimizing operations [46][48] Question: Financial services strategy and remittances - Management highlighted the growth potential in financial services and remittances, emphasizing the integration of Spin within the OXXO ecosystem to enhance customer engagement [60][62] Question: Coca-Cola FEMSA's fit within the new structure - Management clarified that Coca-Cola FEMSA and Proximity are seen as core businesses, with no plans for separation, focusing instead on maximizing value within the current structure [78][80] Question: Security incidents affecting stores - Management recognized the heroic efforts of employees during recent security incidents, confirming that no customers were injured and only minor injuries were reported among employees [81]

MONTERREY, Mexico, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the fourth quarter of 2025. FEMSA: Total Consolidated Revenues grew 5.7% and Income from Operations increased 8.5% compared to 4Q24.FEMSA RetailA: Proximity Americas total Revenues grew 5.3% and Income from operations increased 7.7% versus 4Q24.SPIN: Spin by OXXO had 10.5 million active usersB representing 22.0 ...

Core Insights - FEMSA is set to hold its Fourth Quarter Conference Call on February 25, 2026, at 12:00 PM Eastern Time [1] - The quarterly results will be released on the same day before markets open [3] Company Overview - FEMSA operates in the retail industry through its Proximity Americas Division, which includes the OXXO small-format store chain, and Proximity Europe, which encompasses Valora, a European retail unit [3] - The company also has a Health Division that includes drugstores and digital financial services initiatives like Spin by OXXO and Spin Premia [3] - In the beverage sector, FEMSA is the largest franchise bottler of Coca-Cola products globally by volume through Coca-Cola FEMSA [3] - The company employs over 392,000 individuals across 18 countries and is recognized in various sustainability indices, including the Dow Jones Best-in-Class World Index and FTSE4Good Emerging Index [3]

Core Insights - FEMSA has completed the separation of the Grupo Nós joint venture in Brazil with Raízen S.A. [1] - As a result of this transaction, FEMSA retained the OXXO stores in Brazil and the distribution center in Cajamar, São Paulo [2] Company Overview - FEMSA creates economic and social value through its various companies and institutions, aiming to be the best employer and neighbor in its operational communities [3] - The company operates in the retail industry through its Proximity Americas Division, which includes the OXXO small-format store chain, and Proximity Europe, which encompasses Valora, a European retail unit [3] - FEMSA also has a Health Division that includes drugstores and digital financial services initiatives, as well as a beverage division through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products globally by volume [3] - The company employs over 392,000 individuals across 18 countries and is recognized in several sustainability and ESG indexes [3]

Core Viewpoint - FEMSA has appointed Jose Antonio Fernández Garza-Lagüera as the new CEO effective November 1, 2025, following a structured leadership succession planning process [1][2]. Group 1: Leadership Transition - The Corporate Practices and Nominations Committee of FEMSA's Board of Directors worked on the succession planning, leading to the formation of a Special Committee to oversee the process [2]. - The Special Committee, chaired by Ricardo Saldívar Escajadillo, included members from the Corporate Practices and Nominations Committee and independent directors, ensuring adherence to high corporate standards [2]. Group 2: Jose Antonio Fernández Garza-Lagüera's Background - Jose Antonio joined Cervecería Cuauhtémoc Moctezuma Heineken in 2011 and has held various management roles within FEMSA, including CEO of FEMSA Proximity & Health [3]. - He currently leads over 180,000 employees and oversees more than 28,000 proximity stores, 4,300 drugstores, and 550 fuel stations across multiple countries [3]. Group 3: Strategic Vision - Jose Antonio is expected to bring a strategic focus and results-driven leadership style to FEMSA, emphasizing growth, innovation, and sustainability [4]. - The company aims to enhance economic and social value creation while focusing on the development of its employees and the communities it serves [4]. Group 4: Current Leadership - José Antonio Fernández Carbajal will continue as Executive Chairman and has been interim CEO since July 2023, receiving gratitude from the Board for his leadership during the transition [5]. Group 5: Company Overview - FEMSA operates in the retail industry through its Proximity Americas Division, which includes OXXO, and has a significant presence in the beverage industry as the largest franchise bottler of Coca-Cola products by volume [6]. - The company employs over 392,000 people across 18 countries and is recognized in various sustainability indices [6].

Core Insights - FEMSA has entered into definitive agreements with Raízen to amicably terminate their joint venture "Grupo Nós" in Brazil, allowing both companies to focus on their respective business strategies [1] - FEMSA will retain all OXXO stores in Brazil and the distribution center in Cajamar, while Raízen will keep all Shell Select convenience stores [1] - The transaction will be cash-neutral for both parties, with FEMSA assuming the existing debt of Grupo Nós at closing [1] Company Strategy - OXXO Brazil is a strategic priority for FEMSA, with plans for accelerated store expansion and adaptation of the OXXO format to local consumer needs [2] - The company aims to drive long-term returns through sustained top-line growth and operational efficiency in the Brazilian market [2] Market Positioning - FEMSA has tailored OXXO's offerings to meet local consumer preferences, introducing modern retail experiences in a market dominated by traditional trade [3] - The low penetration of modern convenience formats in Brazil presents a significant growth opportunity for FEMSA [3] Leadership Perspective - The CEO of FEMSA Retail expressed appreciation for the collaboration with Raízen and emphasized the commitment to strengthening OXXO's presence in Brazil as part of the long-term growth strategy [4] - The completion of the separation of OXXO and Shell Select stores is subject to regulatory approvals and is expected to close in the coming months [4] Company Overview - FEMSA operates in the retail industry through various divisions, including Proximity Americas with OXXO and Proximity Europe with Valora, and also has a significant presence in the beverage industry through Coca-Cola FEMSA [5] - The company employs over 392,000 people across 18 countries and is recognized in several global sustainability indices [5]

Core Insights - FEMSA reported a mixed set of results for Q2 2025, facing challenges in Mexico due to a soft consumer environment and adverse weather, while operations outside Mexico showed strong performance [3][4]. Financial Performance - Total consolidated revenues grew by 6.3% in Q2 2025 compared to Q2 2024, while income from operations increased by 1.2% [5]. - Proximity Americas saw total revenues increase by 6.9%, but income from operations decreased by 2.8% compared to Q2 2024 [5]. - Coca-Cola FEMSA's total revenues and income from operations grew by 5.0% and 0.2%, respectively, against Q2 2024 [5]. Operational Highlights - Proximity Americas Mexico experienced weak traffic numbers, particularly in convenience categories like soft drinks, beer, and tobacco, which underperformed compared to other categories [4]. - Spin by OXXO had 9.4 million active users, representing an 18.8% growth compared to Q2 2024, while Spin Premia had 26.6 million active loyalty users, reflecting a 16.9% growth [5]. - The retail operations outside of Mexico showed encouraging signs, with improvements in competitive positioning and strong results in certain South American markets [4][5]. Strategic Focus - The company is focused on reversing traffic and volume trends while managing costs and expenses in the second half of the year [5]. - FEMSA is working with supplier partners to adjust product assortments and pricing strategies to remain competitive as they approach the key selling season in Q4 [4].

Group 1 - FEMSA filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. SEC and other regulatory bodies [1] - The reports include FEMSA's audited financial statements and are available on the company's investor relations website [2] - FEMSA operates in the retail industry through its Proximity Americas Division, which includes OXXO, and Proximity Europe, which includes Valora [3] Group 2 - The company also has a Health Division that includes drugstores and digital financial services initiatives [3] - In the beverage industry, FEMSA is the largest franchise bottler of Coca-Cola products in the world by volume [3] - FEMSA employs over 392,000 people across 18 countries and is recognized in various sustainability indexes [3]

Core Viewpoint - FEMSA's shares have increased by 24.3% year-to-date, outperforming the broader industry and Consumer Staples sector, which grew by 10.7% and 5.7% respectively, while also surpassing the S&P 500's decline of 12.6% in the same period [1]. Stock Performance - At the current price of $106.23, FMX stock is trading at a 13.7% discount to its 52-week high of $123.09 and reflects a 31% premium from its 52-week low of $81.08 [5]. - The stock is above its 50 and 200-day moving averages, indicating a bullish sentiment [5]. Growth Strategies - FEMSA is focused on the FEMSA Forward Strategy, aimed at long-term value creation in its core businesses, including retail, Coca-Cola FEMSA, and Digital@FEMSA [6]. - The retail business, particularly the Proximity division, presents substantial long-term growth opportunities [6]. Digital Initiatives - FEMSA is advancing in the digital space through Digital@FEMSA, which aims to create a value-added digital and financial ecosystem [7]. - The company is investing in digital offerings, loyalty programs, and fintech platforms within its OXXO chains to strengthen its long-term position [8]. Business Unit Performance - FEMSA is experiencing solid growth trends across all business units, with significant opportunities in the Proximity and Health retail sectors [9]. - OXXO Mexico is a key pillar of FEMSA's retail operations, with a store network exceeding 1,000 locations and increasing productivity per store [11]. Valuation Perspective - FEMSA is trading at a forward 12-month price-to-earnings ratio of 19.79X, which is above the industry average of 12.49X, indicating a premium valuation [12]. - This premium is justified by FEMSA's consistent financial performance and growth prospects, driven by successful digital initiatives and strong performances in OXXO Mexico and OXXO Gas [13]. Investment Potential - The focus on the FEMSA Forward strategy, digital expansion, and potential in Proximity and Health retail businesses offers significant long-term growth opportunities [15].

Core Viewpoint - FEMSA is set to hold its Annual Ordinary Shareholders' Meeting on April 11, 2025, in Monterrey, Mexico, with detailed proposals and nominations available on its website [1][2]. Company Overview - FEMSA creates economic and social value through various companies and institutions, aiming to be the best employer and neighbor in its operational communities [3]. - The company operates in the retail industry through its Proximity Americas Division, which includes the OXXO small-format store chain, and Proximity Europe, which encompasses Valora and other retail formats [3]. - FEMSA's Health Division includes drugstores and digital financial services initiatives like Spin by OXXO and Spin Premia [3]. - In the beverage sector, FEMSA is the largest franchise bottler of Coca-Cola products globally by volume through Coca-Cola FEMSA [3]. - The company employs over 392,000 individuals across 18 countries and is recognized in various sustainability indexes, including the Dow Jones Best-in-Class World Index and FTSE4Good Emerging Index [3].