Core Insights - Fomento Económico Mexicano, S.A.B. de C.V. (FMX) is recognized as a strong defensive stock amid economic challenges, primarily due to its strategic expansion and market adaptation [1][2] Group 1: U.S. Expansion - FMX is accelerating its retail presence in the U.S. with the acquisition of 249 Delek convenience stores for $385 million, which will be rebranded as Oxxo locations [2] - By September 2025, approximately 40 stores in West Texas will be converted, featuring expanded product lines including Andatti coffee [2] - This initiative aims for incremental sales growth and modernization of offerings to enhance competitiveness in the Southwest U.S. [2] Group 2: Domestic Operations - In Mexico, FMX has closed 432 underperforming pharmacy stores to enhance profitability and operational efficiency amid a challenging consumer environment [3] - Despite mixed domestic results, overall revenues increased by 6.3% last quarter, largely driven by international expansion [3] - The company continues to optimize product assortments, pricing, and overheads to strengthen its core markets ahead of year-end [3] Group 3: Leadership and Analyst Sentiment - On September 17, 2025, FMX appointed José Antonio Fernandez Garza-Laguera as the new CEO to lead its cross-border strategy [4] - Analyst sentiment has improved following positive performance of U.S. stores and ongoing international growth [4]