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Fomento Economico Mexicano (FMX)
NYSE:FMX
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.52Last Year’s EPS
$25.67Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: -9.77%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth and expansion across various divisions, including Coca-Cola FEMSA and digital initiatives. However, challenges remain with flat same-store sales in Proximity America and a decrease in consolidated net income. The overall sentiment was cautiously optimistic about future growth, particularly in the digital and international segments.Company Guidance
During FEMSA's Q3 2024 earnings call, the guidance highlighted several key metrics and strategic focuses. Proximity and Health reported flat same-store sales in Proximity America, with average traffic contracting by 5.7% due to adverse weather conditions, while the average ticket increased by 6.1%. The company plans to expand its OXXO Mexico store base by about 1,100 new stores in 2025, maintaining a 4% growth rate. In the U.S., FEMSA completed the acquisition of Delek retail assets and aims to grow the store base organically with a focus on the El Paso market. In Brazil, FEMSA targets a 40% store base growth for Bara, a discount store concept. Additionally, the company is optimizing its operations in Colombia, anticipating a 15-20% store growth, and is focusing on improving profitability in Chile and Peru. In Europe, Valora's retail and B2B food service segments are performing well, with efforts to enhance B2C food service traffic. The call also discussed the digital business, noting Spin by OXXO's 28% user growth and emphasizing strategies to boost profitability through recurring revenues. Overall, the guidance underscores FEMSA's strategic investments and focus on sustainable growth across its diverse business units.Strong Revenue Growth
FEMSA achieved total revenue growth of 8.3% in Q3 2024, with operating income rising 14.6% compared to the same period last year.
Proximity and Health Division Performance
The Proximity and Health division delivered a solid set of results, with margin expansion and a 4.8% total revenue growth driven by store base expansion.
OXXO Expansion
OXXO added 367 net new stores during the quarter, with 273 in Mexico and 94 in South America, including 39 new stores in Brazil.
Coca-Cola FEMSA Results
Coca-Cola FEMSA reported strong results with a 10.7% increase in the top line and a 13.9% improvement in income from operations.
Digital Growth
The Spin by OXXO platform reached 8.2 million active users, marking a 28% year-on-year growth, and the Spin Premia loyalty program grew 35% year-on-year.
Valora Performance
Valora's total revenues increased by 20.4% in pesos, driven by growth in retail and B2B food service business.
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FMX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FMX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $96.75 | $98.38 | +1.68% |
| Jul 24, 2024 | $115.98 | $110.12 | -5.05% |
| Apr 26, 2024 | $113.19 | $116.94 | +3.31% |
| Feb 23, 2024 | $130.09 | $115.83 | -10.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fomento Economico Mexicano (FMX) report earnings?
Fomento Economico Mexicano (FMX) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Fomento Economico Mexicano (FMX) earnings time?
Fomento Economico Mexicano (FMX) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FMX EPS forecast?
FMX EPS forecast for the fiscal quarter 2024 (Q4) is $1.52.
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