Fomento Economico Mexicano S.a.b. De C.v. (FMX) has released an update.
Fomento Económico Mexicano S.A.B. de C.V. (FEMSA) has reported robust financial results for the first quarter of 2024, with total consolidated revenues growing by 11.3% and income from operations increasing by 14.4% compared to the same period in 2023. Notably, FEMSA Retail and Coca-Cola FEMSA were key drivers of this growth, delivering double-digit revenue increases. The company also highlighted progress in its digital user base and capital allocation strategy, including shareholder-approved dividends and a buyback capacity increase.
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