Fomento Economico Mexicano SAB de CV logo

Fomento Economico Mexicano SAB de CVNYSE: FMX

Profile

Industry:

Brewers

Country:

Mexico

IPO:

11 May 1998

Next earnings report:

26 July 2024

Last dividends:

16 April 2024

Next dividends:

N/A
$193.92 B
-24%vs. 3y high
98%vs. sector
151.34
-56%vs. 3y high
100%vs. sector
-18%vs. 3y high
94%vs. sector
-28%vs. 3y high
92%vs. sector

Price

after hours | Mon, 01 Jul 2024 21:30:00 GMT
$108.39+$0.74(+0.69%)
$10.49 B$10.68 B
$10.49 B$176.47 M

Analysts recommendations

Institutional Ownership

FMX Latest News

FEMSA ANNOUNCES THE TOTAL CONSIDERATION FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER
prnewswire.com17 June 2024 Sentiment: -

MONTERREY, Mexico , June 17, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the total consideration for its previously announced offer to purchase for cash (the "Tender Offer") up to US$250,000,000 (the "Tender Cap") aggregate principal amount of the notes set forth in the table below (all such notes, the "Notes") subject to proration as described in the Offer to Purchase (as defined below), from each registered holder of the Notes (each a "Holder" and, collectively, the "Holders").

Can FEMSA (FMX) Stock Regain Momentum on Effective Strategies?
zacks.com13 June 2024 Sentiment: -

FEMSA (FMX) looks poised for long-term growth on its FEMSA forward strategy, digital initiatives, business expansion endeavors, and continued strength in OXXO Mexico and OXXO Gas.

FEMSA ANNOUNCES COMMENCEMENT OF TENDER OFFER
prnewswire.com04 June 2024 Sentiment: POSITIVE

MONTERREY, Mexico , June 4, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has commenced an offer to purchase for cash (the "Tender Offer") up to US$250,000,000 (the "Tender Cap") aggregate principal amount of the notes set forth in the table below (all such notes, the "Notes"), subject to proration as described herein, from each registered holder of the Notes (each a "Holder" and, collectively, the "Holders").

FEMSA (FMX) Q1 Earnings Decline Year Over Year, Revenues Up
Zacks Investment Research29 April 2024 Sentiment: NEUTRAL

FEMSA (FMX) reports a decrease in earnings compared to the previous year in the first quarter of 2024, but revenues saw an 11.3% improvement year over year.

FEMSA Schedules Conference Call to Discuss First Quarter Financial Results
GlobeNewsWire15 April 2024 Sentiment: NEGATIVE

Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is excited to announce its First Quarter Conference Call scheduled for April 15, 2024 in Monterrey, Mexico.

FEMSA (FMX) Benefits From Growth Initiatives: Stock to Gain
Zacks Investment Research03 April 2024 Sentiment: POSITIVE

FEMSA (FMX) stays on growth track, thanks to its strategic initiatives, including expansion in the digital space and the U.S. specialized distribution industry.

FEMSA (FMX) Q4 Earnings Miss Estimates, Revenues Surpass
Zacks Investment Research26 February 2024 Sentiment: POSITIVE

FEMSA's (FMX) Q4 results reflect gains across its business units and an improved gross margin.

Are Consumer Staples Stocks Lagging Fomento Economico Mexicano (FMX) This Year?
Zacks Investment Research23 February 2024 Sentiment: POSITIVE

Here is how Fomento Economico (FMX) and JAPAN TOB (JAPAY) have performed compared to their sector so far this year.

Here's How FEMSA (FMX) is Placed Just Ahead of Q4 Earnings
Zacks Investment Research19 February 2024 Sentiment: POSITIVE

FEMSA's (FMX) Q4 results are expected to reflect effective growth strategies and robust market demand, which are likely to drive growth across all units.

FEMSA (FMX) Unveils Capital Plan Under Forward Strategy
Zacks Investment Research16 February 2024 Sentiment: POSITIVE

FEMSA (FMX) outlines insights into its FEMSA Forward strategy, providing capital allocation plans for the next few years.

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What type of business is Fomento Economico Mexicano SAB de CV?

Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.

What sector is Fomento Economico Mexicano SAB de CV in?

Fomento Economico Mexicano SAB de CV is in the Consumer Defensive sector

What industry is Fomento Economico Mexicano SAB de CV in?

Fomento Economico Mexicano SAB de CV is in the Brewers industry

What country is Fomento Economico Mexicano SAB de CV from?

Fomento Economico Mexicano SAB de CV is headquartered in Mexico

When did Fomento Economico Mexicano SAB de CV go public?

Fomento Economico Mexicano SAB de CV initial public offering (IPO) was on 11 May 1998

What is Fomento Economico Mexicano SAB de CV website?

https://www.femsa.com

Is Fomento Economico Mexicano SAB de CV in the S&P 500?

No, Fomento Economico Mexicano SAB de CV is not included in the S&P 500 index

Is Fomento Economico Mexicano SAB de CV in the NASDAQ 100?

No, Fomento Economico Mexicano SAB de CV is not included in the NASDAQ 100 index

Is Fomento Economico Mexicano SAB de CV in the Dow Jones?

No, Fomento Economico Mexicano SAB de CV is not included in the Dow Jones index

When does Fomento Economico Mexicano SAB de CV report earnings?

The next expected earnings date for Fomento Economico Mexicano SAB de CV is 26 July 2024