Fomento Economico Mexicano SAB de CV

Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other Business. The Coca-Cola FEMSA segment produces, markets, sells, and distributes Coca-Cola trademark beverages through standard bottler agreements in the territories where it operates. The FEMSA-Comercio Proximity Division segment operates a chain of small-format stores in Mexico. The FEMSA-Comercio Health Division segment involves drugstores and related operations. The FEMSA-Comercio Fuel Division segment deals with retail service stations for fuels, motor oils, and other car care products. The Heineken Investment segment invests in Heineken and distributes beer in a large number of countries. The Other Business segment involves other companies and corporate activities. The company was founded by Isaac Garza, José Calderón, José A. Muguerza, Francisco G. Sada, and Joseph M. Schnaider in 1890 and is headquartered in Monterrey, Mexico.

Earnings data Q1 2021

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Fomento Económico Mexicano, S.A.B. de C.V. (FMX) CEO Eduardo Padilla on Q1 2020 Results - Earnings Call Transcript

FEMSA (FMX) delivers strong first-quarter 2020 results on robust top-line growth and higher operating income across most of its business units amid the coronavirus crisis.

FEMSA (FMX) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

MONTERREY, Mexico, April  30, 2020  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today its operational and financial results for the first quarter of 2020.

FEMSA Announces First Quarter 2020 Results

MONTERREY, Mexico, April  28, 2020  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (SEC) and 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).

FEMSA Files 2019 SEC Annual Report

MONTERREY, Mexico, March  20, 2020  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or “the Company”) (NYSE: FMX; BMV: FEMSAUBD) held its Annual Ordinary General Shareholders Meeting today, during which the shareholders approved the Company’s annual report for 2019 prepared by the Chief Executive Officer, the Company’s consolidated financial statements for the year ended December 31, 2019 and the election of members of the Board of Directors and its committees for 2020.

FEMSA Shareholders Approve Ps. 10,360 Million Dividend

MONTERREY, Mexico, March  12, 2020  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announces that its Board of Directors has proposed an ordinary dividend in the amount of Ps. 10,360 million, to be paid during 2020. The dividend is subject to approval of the annual shareholders meeting to be held on March 20, 2020. This proposal represents an increase of 6.9% compared to the dividend paid during 2019.

FEMSA Announces Ordinary Dividend Proposal for 2020

FEMSA (FMX) is likely to enter the Jan-San, Packaging and Specialized distribution industry in the United States through pacts with WAXIE and North American.

FEMSA (FMX) to Enter Specialized Distribution Industry in US

MONTERREY, Mexico, March  09, 2020  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that it has entered into definitive agreements with the shareholders of WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”) to form a new platform within the Jan-San, Packaging and Specialized distribution industry in the United States. The platform will bring together two market leaders in this field: WAXIE And North American, with FEMSA acquiring a majority controlling interest in the combined company. Current shareholders of WAXIE and North American will remain investors. Each company will maintain their current management teams, with Charles Wax of WAXIE and John Miller of North American, members of the founding families of their respective companies and current CEOs, now serving as co-CEOs of the new enterprise. FEMSA’s investment in this venture is US$900 million.

FEMSA enters the Jan-San and Specialized Distribution Industry in the United States

Fomento Economico Mexicano SAB de CV (FMX) CEO Eduardo Padilla on Q4 2019 Results - Earnings Call Transcript

OXXO Carrying The Load For FEMSA

FEMSA's (FMX) Q4 earnings miss estimates on a decline in operating income at the FEMSA Comercio Health Division and Coca-Cola FEMSA. Top-line growth across most operations fuels total revenues.

FEMSA (FMX) Q4 Earnings Miss Estimates, Revenues Up Y/Y

FEMSA's (FMX) Q4 results might reflect growth across all segments on strength across regions, robust pricing and revenue-management initiatives. Higher expenses might have hurt margins.

Here's How FEMSA (FMX) is Placed Ahead of Earnings in Q4

MONTERREY, Mexico, Feb.  12, 2020  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced the successful placement of a US$300 million re-tap to its US-denominated SEC-registered Senior Unsecured Notes due 2050 (“New Notes”), representing an additional issuance to FEMSA’s outstanding US$1,500 million 3.500% Senior Unsecured Notes due 2050 issued on January 16, 2020 (“Initial Notes”). The New Notes will be treated as a single class with the Initial Notes, raising the total outstanding balance to US $1,800 million.  The New Notes were priced at 101.433 for an implied yield to maturity of 3.423%.

FEMSA Announces  Successful Re-tap to its Senior Unsecured Notes due 2050

MONTERREY, Mexico, Jan.  16, 2020  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced the placement of a U.S.-denominated SEC-registered offering of Senior Unsecured Notes in the international capital markets.

FEMSA Announces Successful Issuance in the U.S. Bond Market

MONTERREY, Mexico, Jan.  09, 2020  (GLOBE NEWSWIRE) -- Fomento Economico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that it has successfully completed the acquisition of the 40% interest in Grupo Socofar (“Socofar”) that it did not already own. With this transaction FEMSA, through its subsidiaries, becomes the sole shareholder of Socofar. This transaction resulted from Socofar’s minority shareholders exercising their put right, as previously announced.  

FEMSA Becomes Sole Shareholder of Grupo Socofar

Coca-Cola Femsa SAB de CV

KOF vs. FMX: Which Stock Is the Better Value Option?

KOF or FMX: Which Is the Better Value Stock Right Now?

FEMSA's (FMX) subsidiary, Solictica completes the acquisition of AGV. This is an important step for Solistica's Brazilian strategy.

FEMSA's (FMX) Unit Acquires AGV, Expands Footprint in Brazil

MONTERREY, Mexico, Dec.  27, 2019  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that Solistica, FEMSA’s logistics subsidiary, has successfully completed the acquisition of AGV, a leader in value-added warehousing and distribution in Brazil.

Solistica completes acquisition of AGV in Brazil

MONTERREY, Mexico, Dec.  23, 2019  (GLOBE NEWSWIRE) -- Fomento Economico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that its minority partner in Grupo Socofar (“Socofar”) has notified to FEMSA Comercio the exercise of its put right to sell its remaining 40% interest in Socofar. Upon closing of this transaction, FEMSA, through its subsidiaries, will become the sole shareholder of Socofar.

FEMSA Announcement regarding Grupo Socofar

FEMSA (FMX) acquires a minority stake in Jetro Restaurant Depot and signs agreement for a JV. The company's logistics subsidiary also makes a deal to acquire AGV.

FEMSA (FMX) Completes JRD Transaction, Agrees to Buy AGV

MONTERREY, Mexico, Nov.  08, 2019  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that it has signed definitive agreements and closed the transaction to acquire a minority stake in Jetro Restaurant Depot (“JRD”).  The transaction includes investment in the operating and real estate-holding entities of JRD.  This transaction was originally announced on September 26, 2019 with the signing of a Memorandum of Understanding between FEMSA and JRD. 

FEMSA completes investment in US cash and carry leader Jetro Restaurant Depot

MONTERREY, Mexico, Nov.  08, 2019  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that Solistica, FEMSA’s logistics subsidiary, has reached an agreement to acquire AGV, a leader in value-added warehousing and distribution in Brazil with gross annual sales approaching R$650 million.

Solistica announces the acquisition of AGV, leader in value-added warehousing and distribution in Brazil

FEMSA Comercio, a unit of FEMSA (FMX), closes the previously entered JV agreement with Raizen Conveniencias in Brazil, after receiving the necessary regulatory approvals.

FEMSA Comercio Seals JV with Raizen, Expands Brazil Footprint

MONTERREY, Mexico, Nov.  01, 2019  (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that its subsidiary, FEMSA Comercio, S.A. de C.V. (“FEMSA Comercio”) has successfully closed its acquisition of 50% of Raízen Conveniências, after receiving the necessary regulatory approvals in Brazil. The signing of this transaction was previously announced on August 6, 2019. This joint venture with Raízen marks the entrance of FEMSA Comercio into the small-box retail sector in Brazil.

FEMSA Comercio announces the Closing of joint venture agreement with Raízen

FEMSA's (FMX) third-quarter 2019 results reflect benefits from strong operating performance across all businesses. Margin growth aids the bottom line.

News for Fomento Economico Mexicano SAB de CV Stock (FMX)