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:

21 February 2025

Last dividends:

16 October 2024

Next dividends:

N/A
$31.95 B
-38%vs. 3y high
90%vs. sector
-43%vs. 3y high
70%vs. sector
-28%vs. 3y high
58%vs. sector
-42%vs. 3y high
45%vs. sector

Price

after hours | 86 min ago
$89.30-$0.87(-0.96%)
$10.39 B$198.39 B
$10.39 B$86.87 M

Analysts recommendations

Institutional Ownership

FMX Latest News

FEMSA Sells Refrigeration and Foodservice Division to Mill Point
zacks.com05 November 2024 Sentiment: POSITIVE

FMX sells its refrigeration and food service operations to Mill Point Capital, aiming to enhance long-term value by focusing on core business areas.

FEMSA completes divestiture of its refrigeration and foodservice equipment operations to Mill Point Capital
globenewswire.com04 November 2024 Sentiment: POSITIVE

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 the successful closing of its previously disclosed divestiture on July 17, 2024, with Mill Point Capital LLC, of its refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis.

FEMSA Q3 Earnings Decline Y/Y, Sales Improve on Segmental Growth
zacks.com29 October 2024 Sentiment: POSITIVE

FMX's Q3 results reflect revenue growth across all operating segments. Favorable currency effects from the depreciation of the Mexican Peso also aid the top line.

FEMSA announces agreement with AMMI, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations
globenewswire.com28 October 2024 Sentiment: POSITIVE

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) announced it has reached a definitive agreement with AMMI, a leading holding company focused in the production of non-GMO corn and sustainable plastic packaging, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations, for a total amount of $3,165 million pesos, on a cash-free, debt-free basis.

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2024 Earnings Call Transcript
seekingalpha.com28 October 2024 Sentiment: POSITIVE

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q3 2024 Earnings Conference Call October 28, 2024 10:30 AM ET Company Participants Juan Fonseca - Director, IR José Antonio Fernández Garza-Lagüera - CEO, Proximity & Health Martin Arias - CFO Conference Call Participants Ricardo Alves - Morgan Stanley Bob Ford - Bank of America Antonio Hernandez - Actinver Ben Theurer - Barclays Thiago Bortoluci - Goldman Sachs Alvaro Garcia - BTG Pactual Rodrigo Alcantara - UBS Carlos Laboy - HSBC Hector Maya - Scotiabank Ulises Argote - Santander Operator Hello, and welcome to FEMSA's Third Quarter 2024 Results Conference Call.

FEMSA Announces Third Quarter 2024 Results
globenewswire.com28 October 2024 Sentiment: NEUTRAL

MONTERREY, Mexico, Oct. 28, 2024 (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 third quarter of 2024.

FEMSA Schedules Conference Call to Discuss Third Quarter Financial Results
globenewswire.com15 October 2024 Sentiment: POSITIVE

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 pleased to invite you to participate in its Third Quarter Conference Call that will be held on:

FEMSA Forward Strategy & Digital Efforts: Key Drivers for FEMSA
zacks.com11 October 2024 Sentiment: POSITIVE

FEMSA is poised for growth on effective growth strategies, including the FEMSA Forward Strategy, Digital@FEMSA and retail business expansion.

Delek US Holdings, Inc. Announces Closing of Sale of Retail Assets to FEMSA
businesswire.com01 October 2024 Sentiment: POSITIVE

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) announced today the closing of the previously announced sale of 100% of the equity interests in the Delek subsidiaries that operate Delek's retail business (“Delek US Retail”) to a subsidiary of FEMSA (NYSE:FMX) for cash consideration of approximately $385 million, including the purchase of inventories. Avigal Soreq, President, and Chief Executive Officer of Delek, said, “The completion of the sale of Delek US Retail.

FEMSA Stock Declines 20.8% YTD: Is a Recovery on the Horizon?
zacks.com18 September 2024 Sentiment: NEUTRAL

FMX stock's performance is affected by macroeconomic challenges and rising competition, but the FEMSA Forward Strategy positions the company for long-term growth.

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 collers, 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. Further, it operates small-box retail and food convenience chain stores in Switzerland, Germany, Austria, Luxembourg, and the Netherlands under the k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo, and ok.–) names, as well as pretzels under the Ditsch name. The company 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 was Fomento Economico Mexicano SAB de CV the previous earnings report?

No data

When does Fomento Economico Mexicano SAB de CV earnings report?

The next expected earnings date for Fomento Economico Mexicano SAB de CV is 21 February 2025