Fomento Economico Mexicano SAB de CV

Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other Business. The Coca-Cola FEMSA segment produces, markets, sells, and distributes Coca-Cola trademark beverages through standard bottler agreements in the territories where it operates. The FEMSA-Comercio Proximity Division segment operates a chain of small-format stores in Mexico. The FEMSA-Comercio Health Division segment involves drugstores and related operations. The FEMSA-Comercio Fuel Division segment deals with retail service stations for fuels, motor oils, and other car care products. The Heineken Investment segment invests in Heineken and distributes beer in a large number of countries. The Other Business segment involves other companies and corporate activities. The company was founded by Isaac Garza, José Calderón, José A. Muguerza, Francisco G. Sada, and Joseph M. Schnaider in 1890 and is headquartered in Monterrey, Mexico.

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FEMSA's (FMX) Q3 results are likely to reflect the benefits of improvements across all business units, owing to effective growth strategies and robust market demand.

Will FEMSA (FMX) Beat on Q3 Earnings Despite Cost Woes?

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Grupo Financiero Banorte SAB de CV

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Bloomberg Opinion columnist Eduardo Porter, who covers Latin America for the publication, recently wondered if Mexico could find a way to true prosperity. For example, the country's gross domestic product (GDP) is up to 35%, a distinctive rise from the 5% export status in 1990.

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Evolving FEMSA's organizational structure and senior leadership team to drive FEMSA Forward Evolving FEMSA's organizational structure and senior leadership team to drive FEMSA Forward

FEMSA Forward Focused Leadership in Retail & Beverages

FEMSA (FMX) is poised for growth on the Digital@FEMSA initiative focused on investments in digital and technology-driven initiatives. Momentum in the OXXO business bodes well.

FEMSA (FMX) on Track With Growth Strategies, Stock to Gain

FEMSA (FMX) is well placed for growth thanks to momentum in its business units, focus on Digital@FEMSA, effective growth strategies and robust market demand.

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MONTERREY, Mexico, Aug. 29, 2023 (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 entered into definitive agreements with BradyIFS to create a new platform within the facility care, foodservice disposables, and packaging distribution industries in the United States. The combined platform will bring together Envoy Solutions LLC and BradyIFS in a highly complementary combination, positioned to serve and provide value to its customers and suppliers effectively and efficiently across the country.

BradyIFS and Envoy Solutions come together to create a compelling new platform

FEMSA posted healthy second-quarter results, with OXXO same-store sales well ahead of its comparable sector, though margins were pressured by ongoing reinvestment into digital capabilities. Management has moved quickly to divest non-core operations, selling its Heineken stake, selling Jetro, and reportedly nearing a sale of Envoy. The reported sale prices of Jetro and Envoy underline the underappreciated value that management was creating, but now the focus will shift back to organic expansion of existing operations.

FEMSA Propelled Higher By Healthy Results And Capital Redeployment Opportunities

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FEMSA's (FMX) Q2 results reflect gains from strong top-line growth across its business units, gross margin expansion and the inclusion of Proximity Europe.

FEMSA (FMX) Q2 Earnings Top Estimates on Solid Revenue Growth

Fomento Economico Mexicano SAB de CV (NYSE:FMX ) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants Juan Fonseca - VP, IR Jose Antonio Fernandez - Executive Chairman & CEO Paco Camacho - Chief Corporate Officer Eugenio Garza - Chief Corporate Financial Officer, Director, Finance & Corporate Development Conference Call Participants Thiago Bortoluci - Goldman Sachs Group Bob Ford - Bank of America Merrill Lynch Rodrigo Alcantara - UBS Luis Willard - GBM Ricardo Alves - Morgan Stanley Héctor Maya - Scotiabank Benjamin Theurer - Barclays Bank Ulises Bolio - JPMorgan Chase & Co. Sergio Matsumoto - Citigroup Álvaro García - BTG Alan Alanis - Santander Operator Hello, and welcome to the FEMSA Second Quarter 2023 Results Conference Call. My name is Laura, and I will be your coordinator for today's event.

Fomento Economico Mexicano SAB de CV (FMX) Q2 2023 Earnings Call Transcript

MONTERREY, Mexico, July 27, 2023 (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 second quarter of 2023.

FEMSA Announces Second Quarter 2023 Results

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FEMSA's (FMX) Q2 results are expected to reflect gains from continued strength in OXXO Mexico and OXXO Gas, expansion into newer businesses, and digital initiatives amid cost woes.

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FEMSA (FMX) looks poised for growth on gains from continued strength in OXXO Mexico and OXXO Gas, expansion into newer businesses and digital initiatives.

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FEMSA (FMX) looks poised for growth on its diversified business portfolio, growth in the digital business and expansion in the specialized distribution business.

Digital & Diversification Plans Place FEMSA (FMX) for Growth

MONTERREY, Mexico, June 06, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has reached two key milestones in certain transactions set forth in its FEMSA Forward strategy, as laid out in February of this year: Divestiture of FEMSA's remaining investment in Heineken.

FEMSA Forward: Focused Leadership in Retail & Beverages

MONTERREY, Mexico, May 31, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that consistent with its FEMSA Forward strategy as communicated on February 15, 2023, it has entered into a definitive agreement to divest its minority investment in Jetro Restaurant Depot and related entities (“JRD”).

FEMSA Forward: Announcing divestment of FEMSA's minority position in Jetro Restaurant Depot

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FEMSA announces the pricing of the offering of shares of Heineken N.V. and Heineken Holding N.V.

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR  INTO THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN  REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933) OR IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.

FEMSA announces an approximately EUR 3.3 billion offering of shares of Heineken N.V. and Heineken Holding N.V.

FEMSA's (FMX) first-quarter results reflect revenue growth across most regions. However, margin contractions at Proximity, Health and Envoy Solutions divisions affect operating margin.

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News for Fomento Economico Mexicano SAB de CV Stock (FMX)