Fomento Economico Mexicano (FMX) has released an update.
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Fomento Económico Mexicano (FEMSA) reports a robust second quarter in 2024, with a notable 12.2% increase in total consolidated revenues and a 19.1% rise in gross profit compared to the same period in 2023. These positive results are attributed to strong performance across their business units, including double-digit income growth in the Coca-Cola FEMSA segment. Despite various challenges, such as weather volatility and holiday shifts, the company has successfully executed its capital allocation framework, enhancing shareholder value.
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