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.

Earnings data Q1 2021

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Earnings data Q4 2024

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Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Juan Fonseca - IR Paco Camacho - Chief Corporate Officer Eugenio Garza - CFO Conference Call Participants Ben Theurer - Barclays Thiago Bortoluci - Goldman Sachs Ricardo Alves - Morgan Stanley Bob Ford - Bank of America Luis Willard - GBM Alan Alanis - Santander Rodrigo Alcantara - UBS Sergio Matsumoto - Citi Carlos Laboy - HSBC Operator Good day, and welcome to FEMSA's First Quarter 2023 Results Conference Call.

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q1 2023 Earnings Call Transcript

MONTERREY, Mexico, April 28, 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 first quarter of 2023.

FEMSA Announces First Quarter 2023 Results

FEMSA (FMX) Q1 results are expected to reflect gains from strong demand trends, digital growth, strong segmental results and expansion initiatives.

Here's How FEMSA (FMX) is Placed Just Before Q1 Earnings

MONTERREY, Mexico, April 24, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission (SEC) and its annual report, for the same period, with the Comisión Nacional Bancaria y de Valores (Mexican Banking and Securities Commission) and the Bolsa Mexicana de Valores (Mexican Stock Exchange).

FEMSA Files 2022 SEC Annual Report

MONTERREY, Mexico, April 10, 2023 (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 First Quarter 2023 Conference Call that will be held on:

FEMSA Schedules Conference Call to Discuss First Quarter 2023 Financial Results

MONTERREY, Mexico, March 31, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) held its Annual Shareholders' and Extraordinary Shareholders' Meeting today (the “Shareholders' Meetings”), during which the shareholders approved the consolidated financial statements for the year ended December 31, 2022, the 2022 CEO's annual report and the opinion of the Board of Directors for the fiscal year 2022.

FEMSA Shareholders' Meetings Resolutions

FEMSA (FMX) looks good on continued growth in the digital business, as well as strength across all segments. The expansion strategy of its national distribution platform bodes well.

Here's Why FEMSA (FMX) is Marching Ahead of Its Industry

MONTERREY, Mexico , March 17, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) ("FEMSA") today announced the final tender results and acceptance for its previously announced offers to purchase for cash FEMSA's notes of the series set forth in the table below (all such notes, the "Notes" and each such series, a "series" of Notes), for an aggregate purchase price, excluding accrued and unpaid interest and additional amounts, if any (the "Aggregate Purchase Price"), of up to US$2.0 billion (the "Tender Cap"), from registered holders of the Notes (each a "Holder" and, collectively, the "Holders").

FEMSA ANNOUNCES FINAL TENDER RESULTS AND ACCEPTANCE OF NOTES FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFERS

MONTERREY, Mexico, March 09, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces that its Board of Directors has proposed an ordinary dividend in the amount of Ps. 12,246 million, to be paid during 2023.

FEMSA Announces Ordinary Dividend Proposal for 2023

MONTERREY, Mexico , March 3, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) ("FEMSA") today announced the early tender results and acceptance for its previously announced offers to purchase for cash FEMSA's notes of the series set forth in the table below (all such notes, the "Notes" and each such series, a "series" of Notes), for an aggregate purchase price, excluding accrued and unpaid interest and additional amounts, if any (the "Aggregate Purchase Price"), of up to US$2.0 billion (the "Tender Cap"), from registered holders of the Notes (each a "Holder" and, collectively, the "Holders").

FEMSA ANNOUNCES EARLY TENDER RESULTS AND ACCEPTANCE OF NOTES FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFERS

MONTERREY, Mexico , March 2, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (NYSE: FMX ) (BMV: FEMSAUBD, FEMSAUB) ("FEMSA") today announced the total consideration for its previously announced offers to purchase for cash FEMSA's notes of the series set forth in the table below (all such notes, the "Notes" and each such series, a "series" of Notes), for an aggregate purchase price, excluding accrued interest and additional amounts, if any (the "Aggregate Purchase Price"), of up to US$2.0 billion (the "Tender Cap"), subject to the acceptance priority procedures and proration described in the Offer to Purchase (as defined below) from registered holders of the Notes (each a "Holder" and, collectively, the "Holders").

FEMSA ANNOUNCES THE TOTAL CONSIDERATION FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFERS

MONTERREY, Mexico, March 01, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces it will hold its Annual Ordinary Shareholders' Meeting and an Extraordinary Shareholders' Meeting on March 31, 2023, in Monterrey, Nuevo Leon, Mexico (the “Shareholders' Meetings”). A copy of the formal call for the Shareholders' Meetings is available in the following link: https://femsa.gcs-web.com/shareholder-meeting-information.

FEMSA Announces the date for its Shareholders' Meetings

FEMSA's fourth quarter results were mixed, with healthy core traffic at OXXO, but some softness in retail margins and higher expenses for the digital businesses. Management completed their strategic review and announced a return to the company's core operations (retail, Coca-Cola FEMSA, and digital), with the Heineken stake and logistics/distribution operations to be sold.

FEMSA Returning To Its Core, And The Street Approves

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q4 2022 Earnings Conference Call February 24, 2023 9:00 AM ET Company Participants Eugenio Garza - Chief Corporate Financial Officer, Director of Finance & Corporate Development Daniel Rodríguez - CEO Juan Fonseca - VP, IR Francisco Camacho Beltrán - Chief Corporate Officer Conference Call Participants Benjamin Theurer - Barclays Bank Alan Alanis - Santander Héctor Maya - Scotiabank Ricardo Alves - Morgan Stanley Marcella Recchia - Crédit Suisse Robert Ford - Bank of America Merrill Lynch Álvaro García - BTG Thiago Bortoluci - Goldman Sachs Group Operator [Abrupt Start] Eugenio Garza [Technical Difficulty].

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q4 2022 Earnings Call Transcript

MONTERREY, Mexico, Feb. 24, 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 fourth quarter and full year of 2022.

FEMSA Announces Fourth Quarter and Full Year 2022 Results

Does Fomento Economico (FMX) have what it takes to be a top stock pick for momentum investors? Let's find out.

Fomento Economico (FMX) is a Great Momentum Stock: Should You Buy?

FEMSA's (FMX) Q4 results are expected to reflect gains from strong demand, growth in the digital business and expansion into the specialized distribution industry.

Why FEMSA (FMX) Looks Poised for an Earnings Beat in Q4

MONTERREY, Mexico, Feb. 17, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has amended and restated the offer to purchase dated February 16, 2023 (the "Original Offer to Purchase") in connection with its previously announced offers to purchase for cash (the "Offers") FEMSA's notes of the series set forth in the table below (all such notes, the "Notes" and each such series, a "series" of Notes), for an aggregate purchase price, excluding accrued interest and additional amounts, if any of up to US$2.0 billion, in order to correct a typographical error in the fixed spread and hypothetical total consideration for each of the 0.500% Senior Notes due 2028 and the 1.000% Senior Notes due 2033.

FEMSA ANNOUNCES IN CONNECTION WITH TENDER OFFERS

Heineken NV

Mexican bottling and retail conglomerate FEMSA will offer a total of 3.5 billion euros ($3.7 billion) in common shares and unsecured notes in Dutch beer giant Heineken as it looks to divest from the company, FEMSA said Thursday.

Mexico's FEMSA to launch $3.5 bln share, notes offer in Heineken divestment bid

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.

Heineken N.V. to participate in equity offering by FEMSA

Heineken Holding NV

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. MONTERREY, Mexico, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces today an offering by its wholly-owned subsidiary CB Equity LLP of existing issued ordinary shares (the “Shares”) of both Heineken N.V. and Heineken Holding N.V. (together, the “Heineken Group”) in the total amount of approximately EUR 3 billion (approximately 6% of the combined interest in the Heineken Group) (the “Equity Offering”). The Company also announces today an offering of senior unsecured exchangeable bonds in the aggregate principal amount of approximately EUR 500 million (the “Bonds”), exchangeable into Shares of Heineken Holding N.V. (the “Exchangeable Offering” and together with the Equity Offering, the “Offering”).

FEMSA announces an offering of shares of Heineken N.V. and Heineken Holding N.V.

Amsterdam, 16 February 2023 – Heineken Holding N.V. notes the announcement by FEMSA on the outcome of its strategic review. FEMSA announced that it has decided to focus solely on retail, Coca-Cola FEMSA and digital going forward. FEMSA intends to divest its full shareholding in Heineken Holding N.V. and Heineken N.V. and FEMSA's representatives will resign from Heineken Holding N.V.'s Board of Directors and Heineken N.V.'s Supervisory Board with immediate effect.

Heineken Holding N.V. notes FEMSA's intention to divest its shareholding in Heineken Holding N.V.

Amsterdam , 1 6 February 202 3 – HEINEKEN N.V. (“H EINEKEN”) notes the announcement by FEMSA on the outcome of its strategic review. FEMSA announced that it has decided to focus solely on retail, Coca-Cola FEMSA and digital going forward. FEMSA intends to divest its full shareholding in HEINEKEN and Heineken Holding N.V. and FEMSA's representatives will resign from HEINEKEN's Supervisory Board and Heineken Holding N.V.'s Board of Directors with immediate effect. HEINEKEN respects FEMSA's decision to refocus its strategic priorities and would like to thank FEMSA for its contribution and support in growing our business over the past thirteen years.

HEINEKEN notes FEMSA's intention to divest its shareholding in Heineken N.V. and Heineken Holding N.V.

MONTERREY, Mexico, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that its Board of Directors has approved a new long-range plan to maximize value creation, as well as a series of decisions resulting from its strategic review process.

FEMSA Forward: Announcing results of strategic review

MONTERREY, Mexico, Feb. 10, 2023 (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 Fourth Quarter and Full Year 2022 Conference Call that will be held on:

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