Key Details
Price
$87.75Last Dividend
$0.90TTM Dividend Yield
3.29%PE Ratio
26.60Annual ROE
18.72%Beta
0.54Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Oct 28, 2024Recent annual earnings:
Feb 23, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Jan 17, 2025Next split:
N/ARecent split:
May 31, 2007Analyst ratings
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Fomento is making good progress with its Forward plan. The company has sold its plastics solutions division to AMMI.
MONTERREY, Mexico, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that it has successfully completed the sale of its plastics solutions business to AMMI, a well-known company that specializes in non-GMO corn and sustainable plastic packaging, which is part of Milenio Capital. This divestiture, which was previously announced on October 28, 2024, was valued at 3,165 million pesos and was conducted on a cash-free, debt-free basis.
FMX has sold its refrigeration and food service divisions to Mill Point Capital to improve long-term value by concentrating on its main business areas.
MONTERREY, Mexico, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that it has successfully completed the sale of its refrigeration and foodservice equipment businesses, Imbera and Torrey, to Mill Point Capital LLC. This transaction, which was first revealed on July 17, 2024, was finalized for a total of 8,000 million pesos, without any cash or debt involved.
FMX's results for the third quarter show an increase in revenue in all areas of its business. The decline in the value of the Mexican Peso has also positively impacted their overall earnings.
MONTERREY, Mexico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) has announced that it has finalized an agreement with AMMI, a prominent holding company specializing in non-GMO corn production and sustainable plastic packaging, which is part of Milenio Capital. This agreement involves FEMSA selling its plastics solutions operations for a total of 3,165 million pesos, without any cash or debt obligations.
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) will hold its Q3 2024 Earnings Conference Call on October 28, 2024, at 10:30 AM ET. The call will feature company representatives including Juan Fonseca, José Antonio Fernández Garza-Lagüera, and Martin Arias. Various financial analysts from institutions like Morgan Stanley, Bank of America, and Goldman Sachs will also participate.
MONTERREY, Mexico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) has released its operational and financial results for the third quarter of 2024.
MONTERREY, Mexico, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is happy to invite you to join its conference call for the Third Quarter, which will take place on:
FEMSA is ready to grow thanks to its successful strategies, such as the FEMSA Forward Strategy, Digital@FEMSA, and expanding its retail business.
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