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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Are You Looking for a Top Momentum Pick? Why Fomento Economico (FMX) is a Great Choice

Fomento Economico (FMX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Fomento Economico (FMX) Rating Upgrade to Strong Buy

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MONTERREY, Mexico , Nov. 9, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the final results of its previously announced offer (the "Tender Offer") to purchase for cash any and all of its outstanding US$552,830,000 principal amount of 4.375% Senior Notes due 2043 (CUSIP/ISIN: 344419 AB2 / US344419AB20) (the "Securities") on the terms and subject to the conditions set forth in the offer to purchase, dated October 31, 2023 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").

FEMSA ANNOUNCES FINAL RESULTS OF ITS PREVIOUSLY ANNOUNCED TENDER OFFER FOR ITS OUTSTANDING NOTES DUE 2043

MONTERREY, Mexico , Nov. 6, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the expiration and expiration date results of its previously announced offer (the "Tender Offer") to purchase for cash any and all of its outstanding US$552,830,000 principal amount of 4.375% Senior Notes due 2043 (CUSIP/ISIN: 344419 AB2 / US344419AB20) (the "Securities") on the terms and subject to the conditions set forth in the offer to purchase, dated October 31, 2023 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").

FEMSA ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF ITS PREVIOUSLY ANNOUNCED TENDER OFFER FOR ITS OUTSTANDING NOTES DUE 2043

MONTERREY, Mexico , Nov. 6, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the offer consideration for its previously announced offer (the "Tender Offer") to purchase for cash any and all of its outstanding US$552,830,000 principal amount of 4.375% Senior Notes due 2043 (CUSIP/ISIN: 344419 AB2 / US344419AB20) (the "Securities") on the terms and subject to the conditions set forth in the offer to purchase, dated October 31, 2023 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").

FEMSA ANNOUNCES THE OFFER CONSIDERATION FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER FOR ITS OUTSTANDING NOTES DUE 2043

FEMSA (FMX) merges with BradyIFS through its Envoy Solutions to expand its presence in facility care, foodservice disposables and packaging distribution in the United States.

FEMSA (FMX) Completes BradyIFS & Envoy Solutions Acquisitions

FEMSA operates highly stable businesses throughout Mexico and Latin America, such as convenience stores, pharmacies and a bottling company. The company had diversified into segments such as Logistics, investments in Heineken and other segments that had little to do with its core business. They have recently decided to focus only on their retail consumer business, which seems positive because it will mark a clear direction in which to head.

Fomento Economico Mexicano: Refocusing On Its Core Business Seems Promising

FEMSA Forward Focused Leadership in Retail & Beverages MONTERREY, Mexico, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that the transaction bringing together BradyIFS and Envoy Solutions has closed successfully, after receiving the necessary regulatory approvals.

Envoy Solutions and BradyIFS successfully complete transaction

MONTERREY, Mexico , Oct. 31, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces that it has commenced an offer (the "Tender Offer") to purchase for cash any and all of its outstanding US$552,830,000 principal amount of 4.375% Senior Notes due 2043 (CUSIP/ISIN:  344419 AB2 / US344419AB20) (the "Securities") on the terms and subject to the conditions set forth in the offer to purchase, dated October 31, 2023 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").

FEMSA ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ITS OUTSTANDING NOTES DUE 2043

FEMSA performed well in the third quarter, including double-digit volume growth from Coca-Cola FEMSA and mid-teens same-store sales growth in its core OXXO operations. The company's capital return plans and potential entry into the U.S. convenience store market are areas of interest for investors, but details have been slow to arrive. FEMSA's retail operations, particularly Oxxo, have significant growth opportunities in Mexico, Brazil, and other Latin American countries, as well as the U.S.

FEMSA Undervalued Despite Ongoing Excellence Of Execution

FEMSA's (FMX) Q3 results reflect gains from strong top-line growth across its business units, gross margin expansion and the inclusion of Proximity Europe.

FEMSA (FMX) Q3 Earnings Beat, Revenues Lag Estimates

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants Juan Fonseca - Vice President, Investor Relations Paco Camacho - Chief Corporate Officer Eugenio Garza - Chief Financial Officer Jorge Collazo - Coca-Cola FEMSA, Investor Relations Conference Call Participants Ricardo Alves - Morgan Stanley Ben Theurer - Barclays Bob Ford - Bank of America Thiago Bortoluci - Goldman Sachs Álvaro García - BTG Alan Alanis - Santander Rodrigo Alcantara - UBS Héctor Maya - Scotia Bank Ulises Argote - JPMorgan Alejandro Fuchs - Itaú Operator Hello, and welcome to the FEMSA's Third Quarter 2023 Results Conference Call.

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2023 Earnings Call Transcript

MONTERREY, Mexico, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2023.

FEMSA Announces Third Quarter 2023 Results

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