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, including low-sugar or sugar-free carbonated beverages; refreshing juices, nectars, and fruit-based drinks; purified, and carbonated and flavored water; coffees, teas, and sports and energy drinks; and dairy products and products based on vegetable protein. It also operates small-box retail chain stores in Mexico, Colombia, Peru, the United States, 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 coolers, commercial refrigeration equipment, and plastic cases; food processing, preservation, and weighing equipment; and provision of logistic transportation and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2020, it operated 19,566 OXXO small-format stores; 3,368 drugstores; and 558 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico.
IPO Year:
Exchange: NYSE
Website: femsa.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2025 | Market Perform → Outperform | Itau BBA | |
| 1/21/2025 | Overweight → Equal Weight | Barclays | |
| 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 |
MONTERREY, Mexico, May 19, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE:FMX, BMV:FEMSAUBD, FEMSAUB)) today announced that, as part of its ongoing efforts and consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it has entered into a derivative instrument known as an accelerated share repurchase ("ASR") agreement with a financial institution in the United States of America to repurchase Company's shares through the acquisition of American Depositary Shares ("ADS"). Under the terms of the ASR agreement, FEMSA has agreed to repurchase from such financial institution an aggregate amou
MONTERREY, Mexico, April 30, 2025 (GLOBE NEWSWIRE) -- Fomento 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, 2024 with the U.S. Securities and Exchange Commission (SEC) followed by 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). These reports are available on FEMSA's investor relations website at http://ir.femsa.com. Shareholders may receive a hard copy of the report, which includes FEMSA's audited financial s
MONTERREY, Mexico, April 28, 2025 (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 2025. FEMSA: Total Consolidated Revenues grew 11.1% and Income from Operations increased 4.9% compared to 1Q24.FEMSA Retail1: Proximity Americas total Revenues grew 6.8% and Income from operations decreased 11.8% versus 1Q24.SPIN: Spin by OXXO had 8.9 million active users2 representing 20.9% growth compared to 1Q24 while Spin Premia had 25.2 million active loyalty users2 representing 15.9% growth compared to 1Q24, and an average tender3 of 42.5% which increased from 35.1%
MONTERREY, Mexico, April 14, 2025 (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 Conference Call that will be held on: Monday, April 28, 202510:00 AM Eastern Time(8:00 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 April 28 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 confere
MONTERREY, Mexico, April 11, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE:FMX, BMV:FEMSAUBD, FEMSAUB)) held its Annual Shareholders' Meeting today ("the Shareholders' Meeting"), during which the shareholders approved the consolidated financial statements for the year ended December 31, 2024, the 2024 CEO's annual report and the opinion of the Board of Directors for the year 2024. The Annual Shareholders' Meeting elected the members of the board of directors and the members of each of the Audit Committee, the Corporate Practices and Nominations Committee and the Operations and Strategy Committee of the Board for 2025. The list of the
MONTERREY, Mexico, March 03, 2025 (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 on April 11, 2025, in Monterrey, Nuevo Leon, Mexico (the "Shareholders' Meeting"). A copy of the formal call for the Shareholders' Meeting is available in the following link: https://femsa.gcs-web.com/shareholder-meeting-information. The detailed proposals for each item of the agendas of the Shareholders' meeting, including the names and biographies of the persons being nominated to be appointed to FEMSA's Board of Directors and to the Audit, Corporate Practices and No
MONTERREY, Mexico, Feb. 27, 2025 (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 2024. FEMSA: Total Consolidated Revenues grew 12.8% and Income from Operations increased 31.5% compared to 4Q23.FEMSA Retail1: Proximity Americas total Revenues grew 13.2% and Income from operations increased 18.7% versus 4Q23.SPIN: Spin by OXXO had 8.6 million active users2 representing 24.9% growth compared to 4Q23 while Spin Premia had 24.6 million active loyalty users2 representing 27.5% growth compared to 4Q23, and an average tender3 of 40.7%.COCA-COLA
MONTERREY, Mexico, Feb. 13, 2025 (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 2024 Conference Call that will be held on: Thursday, February 27, 202510:00 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 February 27 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 pa
MONTERREY, Mexico, Jan. 03, 2025 (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 October 28, 2024, of its plastics solutions operations to AMMI, a leading diversified corporation focused on the production of non-GMO corn and sustainable plastic packaging, an affiliate of Milenio Capital. The transaction amount was $3,165 million pesos, on a cash-free, debt-free basis. About FEMSAFEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communi
An affiliate of Mill Point Capital LLC ("Mill Point Capital"), a New York City-based private equity firm, announced today the completion of its previously announced acquisition of the commercial refrigeration and foodservice equipment businesses of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) ("FEMSA"), doing business as Imbera and Torrey (collectively AeriTek Global LLC, "AeriTek" or the "Company"), in a single corporate carve-out transaction. The successful closing of this complex, cross-border corporate carve-out transaction establishes AeriTek as a standalone, leading manufacturer, designer and distributor of commercial refrigeration and foodservice equipment products. Mill Poi
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
SCHEDULE 13G - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Subject)
6-K/A - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
20-F - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
6-K - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Filer)
SC 13G/A - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Subject)
SC 13G - MEXICAN ECONOMIC DEVELOPMENT INC (0001061736) (Subject)
Itau BBA upgraded FEMSA from Market Perform to Outperform
Barclays downgraded FEMSA from Overweight to Equal Weight
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
UBS downgraded FEMSA from Buy to Neutral
Citigroup initiated coverage of FEMSA with a rating of Neutral
Itau BBA downgraded FEMSA from Outperform to Market Perform and set a new price target of $127.00
Barclays upgraded FEMSA from Equal Weight to Overweight and set a new price target of $130.00 from $115.00 previously
HSBC Securities upgraded FEMSA from Reduce to Hold and set a new price target of $112.00 from $84.00 previously
MONTERREY, Mexico, April 28, 2025 (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 2025. FEMSA: Total Consolidated Revenues grew 11.1% and Income from Operations increased 4.9% compared to 1Q24.FEMSA Retail1: Proximity Americas total Revenues grew 6.8% and Income from operations decreased 11.8% versus 1Q24.SPIN: Spin by OXXO had 8.9 million active users2 representing 20.9% growth compared to 1Q24 while Spin Premia had 25.2 million active loyalty users2 representing 15.9% growth compared to 1Q24, and an average tender3 of 42.5% which increased from 35.1%
MONTERREY, Mexico, April 14, 2025 (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 Conference Call that will be held on: Monday, April 28, 202510:00 AM Eastern Time(8:00 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 April 28 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 confere
MONTERREY, Mexico, April 11, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE:FMX, BMV:FEMSAUBD, FEMSAUB)) held its Annual Shareholders' Meeting today ("the Shareholders' Meeting"), during which the shareholders approved the consolidated financial statements for the year ended December 31, 2024, the 2024 CEO's annual report and the opinion of the Board of Directors for the year 2024. The Annual Shareholders' Meeting elected the members of the board of directors and the members of each of the Audit Committee, the Corporate Practices and Nominations Committee and the Operations and Strategy Committee of the Board for 2025. The list of the
MONTERREY, Mexico, Feb. 27, 2025 (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 2024. FEMSA: Total Consolidated Revenues grew 12.8% and Income from Operations increased 31.5% compared to 4Q23.FEMSA Retail1: Proximity Americas total Revenues grew 13.2% and Income from operations increased 18.7% versus 4Q23.SPIN: Spin by OXXO had 8.6 million active users2 representing 24.9% growth compared to 4Q23 while Spin Premia had 24.6 million active loyalty users2 representing 27.5% growth compared to 4Q23, and an average tender3 of 40.7%.COCA-COLA
MONTERREY, Mexico, Feb. 13, 2025 (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 2024 Conference Call that will be held on: Thursday, February 27, 202510:00 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 February 27 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 pa
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: Total Consolidated Revenues grew 8.3% and Income from Operations increased 14.6% compared to 3Q23.FEMSA Retail1: Proximity Americas total Revenues grew 4.8% and Income from operations increased 5.9% versus 3Q23.DIGITAL: Spin by OXXO had 8.2 million active users2 representing 28.9% growth compared to 3Q23 while Spin Premia had 23.8 million active loyalty users2 representing 34.6% growth compared to 3Q23, and an average tender3 of 38.5%.COCA-COLA FEMSA: Total R
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: Monday, October 28, 202410:30 AM Eastern Time(8:30 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 October 28 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 con
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