Fomento Economico Mexicano S.a.b. De C.v. ( (FMX) ) has released its Q4 earnings. Here is a breakdown of the information Fomento Economico Mexicano S.a.b. De C.v. presented to its investors.
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a leading Mexican company operating in the retail and beverage sectors, known for its extensive network of OXXO convenience stores and as the largest franchise bottler of Coca-Cola products worldwide. In its latest earnings report, FEMSA reported a robust financial performance for the fourth quarter and full year of 2024, with significant growth in revenues and income from operations across its business units. Key highlights include a 12.8% increase in total consolidated revenues and a 31.5% rise in income from operations compared to the previous year. The company also saw substantial growth in its digital financial services platform, Spin by OXXO, and continued expansion in its retail operations in the Americas and Europe. Looking ahead, FEMSA remains focused on executing its strategic initiatives, including capital allocation and expansion plans, while navigating a challenging consumer environment in 2025. The company aims to enhance shareholder value through dividends and share repurchases, supported by a solid financial foundation and strategic investments.