SEC Form 6-K filed by Fomento Economico Mexicano S.A.B. de C.V.
Colonia Bella Vista
Monterrey, Nuevo León 64410
México
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/23/2024 | $104.00 → $109.00 | Overweight → Neutral | JP Morgan |
2/26/2024 | Buy → Neutral | BofA Securities | |
2/9/2024 | $124.00 → $152.00 | Hold → Buy | HSBC Securities |
1/12/2024 | Buy → Neutral | UBS | |
12/7/2023 | Neutral | Citigroup | |
11/7/2023 | $127.00 | Outperform → Market Perform | Itau BBA |
10/30/2023 | $115.00 → $130.00 | Equal Weight → Overweight | Barclays |
6/7/2023 | $84.00 → $112.00 | Reduce → Hold | HSBC Securities |
SC 13G/A - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Subject)
SC 13G - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Subject)
Fomento Economico (NYSE:FMX) reported quarterly earnings of $1.93 per share which beat the analyst consensus estimate of $1.17 by 64.96 percent. The company reported quarterly sales of $11.539 billion which beat the analyst consensus estimate of $11.115 billion by 3.82 percent. This is a 2.93 percent increase over sales of $11.210 billion the same period last year.
Fomento Economico (NYSE:FMX) reported quarterly sales of $11.54 billion which beat the analyst consensus estimate of $11.12 billion by 3.77 percent. This is a 2.93 percent increase over sales of $11.21 billion the same period last year.
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
MONTERREY, Mexico, July 24, 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 second quarter of 2024. FEMSA: Total Consolidated Revenues grew 12.2% compared to 2Q23.FEMSA Retail1: Proximity Americas total Revenues increased 8.9% versus 2Q23.DIGITAL: Spin by OXXO had 7.9 million active users2 representing a 37.0% growth compared to 2Q23 while Spin Premia had 22.8 million active loyalty users2 representing a 44.3% growth compared to 2Q23 and an average tender3 of 36.1%.COCA-COLA FEMSA: Total volume and revenues grew 7.5% and 13.1%, respectively against 2Q23. Financia
MONTERREY, Mexico, July 08, 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 Second Quarter Conference Call that will be held on: Wednesday, July 24, 202411:00 AM Eastern Time(9:00 AM Mexico City Time) To participate in the conference call please dial:Toll Free US: (866) 580 3963International: +1 (786) 697 3501Conference ID: FEMSA The quarterly results will be released on July 24 before markets open. The conference call will be webcast live through streaming audio. For details, please visit http://ir.femsa.com If you are unable to participate live, the confe
MONTERREY, Mexico, April 26, 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 first quarter of 2024. FEMSA: Total Consolidated Revenues grew 11.3% compared to 1Q23.FEMSA Retail1: Proximity Americas total Revenues increased 15.1% versus 1Q23.DIGITAL: Spin by OXXO had 7.4 million active users2 while Spin Premia had 21.7 million active loyalty users3 and an average tender3 of 35.1%.COCA-COLA FEMSA: Total volume and revenues grew 7.3% and 11.2%, respectively against 1Q23. Financial Summary for the First Quarter 2024Change vs
JP Morgan downgraded FEMSA from Overweight to Neutral and set a new price target of $109.00 from $104.00 previously
BofA Securities downgraded FEMSA from Buy to Neutral
HSBC Securities upgraded FEMSA from Hold to Buy and set a new price target of $152.00 from $124.00 previously
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 to FEMSA is an important step in our value creation journey. We are pleased with this transaction and look forward to building upon our relationship with FEMSA in the future. I am thankful to Delek US Retail & its employees and wish
MONTERREY, Mexico, Aug. 01, 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 entered into definitive agreements with Delek US Holdings, Inc. ("Delek") (NYSE:DK), to acquire Delek's retail operations, consisting of 249 convenience stores located mainly in Texas, for a total amount of US$385 million dollars on a cash-free, debt-free basis, including the purchase of inventories. Delek's Retail AssetsDelek is a downstream energy company, with a focus on petroleum refining; its retail operations are being carved out for this transaction. Operating under the DK brand, approximately
FEMSA (NYSE:FMX) and Delek US Holdings, Inc. (NYSE:DK) ("Delek") have entered into a definitive agreement, whereby a subsidiary of FEMSA will acquire 100% of the equity interests in the Delek subsidiaries that operate Delek's retail business ("Delek US Retail") for cash consideration of $385 million (the "Transaction"), including the purchase of inventories. The transaction is anticipated to close sometime late in the third quarter or in the fourth quarter 2024. Delek US Retail is a leading convenience store chain with 249 corporate stores operating primarily in the southwestern United States including locations in Texas and New Mexico. Delek operates company stores under the DK brand. FE