FEMSA Files 2024 SEC Annual Report MONTERREY, Mexico, April 30, 2025 (GLOBE NEWSWIRE) -- Fomento Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (SEC) followed by 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). These reports are available on FEMSA's investo...
FEMSA Announces First Quarter 2025 Results MONTERREY, Mexico, April 28, 2025 (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 first quarter of 2025. FEMSA: Total Consolidated Revenues grew 11.1% and Income from Operations increased 4.9% compared to 1Q24.FEMSA Retail1: Proximity Americas total Revenues grew 6.8% and Income from operations decreased 11.8% versus 1Q24.SPIN: Spin by OXXO had 8.9 million active users2 representing 20.9% growth compared to 1Q24 while Spin P...
Upgrading Consumer Staples to Overweight Our intermediate-term outlook remains bearish/cautious, and we continue to believe a prolonged downturn is likely, which has been the case since our 4/1/25 Compass. We will remain cautious and we will continue to favor defensives as long as the S&P 500 is below its 200-day MA (currently 5750) or 5785 level. There have been substantial trading opportunities in both directions, and we expect that to continue; we discussed in our 4/8/25 Compass that a logic...
FEMSA Schedules Conference Call to Discuss First Quarter Financial Results MONTERREY, Mexico, April 14, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its First Quarter Conference Call that will be held on: Monday, April 28, 202510:00 AM Eastern Time(8:00 AM Mexico City Time) To participate in the conference call please dial:Toll Free US: (866) 580 3963International: +1 (786) 697 3501Conference ID: FEMSA The quarterly results will be released on April 28 before...
FEMSA Shareholders’ Meeting Resolutions MONTERREY, Mexico, April 11, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) held its Annual Shareholders’ Meeting today (“the Shareholders’ Meeting”), during which the shareholders approved the consolidated financial statements for the year ended December 31, 2024, the 2024 CEO’s annual report and the opinion of the Board of Directors for the year 2024. The Annual Shareholders’ Meeting elected the members of the board of directors and the members of each of the Audi...
FEMSA Announces the date for its Annual Shareholders’ Meeting MONTERREY, Mexico, March 03, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces it will hold its Annual Ordinary Shareholders’ Meeting on April 11, 2025, in Monterrey, Nuevo Leon, Mexico (the “Shareholders’ Meeting”). A copy of the formal call for the Shareholders’ Meeting is available in the following link: . The detailed proposals for each item of the agendas of the Shareholders’ meeting, including the names and biographies of the perso...
FEMSA Announces Fourth Quarter and Full Year 2024 Results MONTERREY, Mexico, Feb. 27, 2025 (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 fourth quarter and full year of 2024. FEMSA: Total Consolidated Revenues grew 12.8% and Income from Operations increased 31.5% compared to 4Q23.FEMSA Retail1: Proximity Americas total Revenues grew 13.2% and Income from operations increased 18.7% versus 4Q23.SPIN: Spin by OXXO had 8.6 million active users2 representing 24.9% growt...
Near-Term Downside Likely Following False Breakouts Our long-term outlook remains bullish as long as the S&P 500 remains above 5770-5850 and 5600-5670 (worst case), and we are buyers at these levels. With that said, we see potential for near-term downside as the S&P 500, Nasdaq 100 (QQQ), and FANG+ (FNGS) (1) could not decisively break out to new highs, (2) display bearish false breakouts, (3) have fallen back into their 2+ month trading ranges, (4) are violating their 1+ month uptrends, and (5...
FEMSA Schedules Conference Call to Discuss Fourth Quarter and Full Year 2024 Financial Results MONTERREY, Mexico, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Fourth Quarter and Full Year 2024 Conference Call that will be held on: Thursday, February 27, 202510:00 AM Eastern Time(9:00 AM Mexico City Time) To participate in the conference call please dial:Toll Free US: (866) 580 3963International: +1 (786) 697 3501Conference ID: FEMSA The quarterly...
FEMSA completes divestiture of its plastics solutions operations to AMMI, affiliate of Milenio Capital MONTERREY, Mexico, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today the successful closing of its previously disclosed divestiture on October 28, 2024, of its plastics solutions operations to AMMI, a leading diversified corporation focused on the production of non-GMO corn and sustainable plastic packaging, an affiliate of Milenio Capital. The transaction amount was $3,165 million p...
FEMSA completes divestiture of its refrigeration and foodservice equipment operations to Mill Point Capital MONTERREY, Mexico, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today the successful closing of its previously disclosed divestiture on July 17, 2024, with Mill Point Capital LLC, of its refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis. About FEMSAFEMSA is a company that creates e...
FEMSA announces agreement with AMMI, affiliate of Milenio Capital, to divest FEMSA’s plastics solutions operations MONTERREY, Mexico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with AMMI, a leading holding company focused in the production of non-GMO corn and sustainable plastic packaging, affiliate of Milenio Capital, to divest FEMSA’s plastics solutions operations, for a total amount of $3,165 million pesos, on a cash-free, debt-free basis. ...
FEMSA anuncia acuerdo con AMMI, filial de Milenio Capital, para la desinversión de las operaciones de soluciones plásticas de FEMSA MONTERREY, México, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” o la “Compañía”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) anunció hoy que ha llegado a un acuerdo definitivo con AMMI, una corporación diversificada líder enfocada en la producción de maíz no transgénico y empaques de plásticos sostenibles, filial de Milenio Capital, para desinvertir las operaciones de soluciones plásticas de FEMSA, por un monto total de $3,165...
FEMSA Announces Third Quarter 2024 Results MONTERREY, Mexico, Oct. 28, 2024 (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 2024. FEMSA: Total Consolidated Revenues grew 8.3% and Income from Operations increased 14.6% compared to 3Q23.FEMSA Retail1: Proximity Americas total Revenues grew 4.8% and Income from operations increased 5.9% versus 3Q23.DIGITAL: Spin by OXXO had 8.2 million active users2 representing 28.9% growth compared to 3Q23 while Spin ...
FEMSA Schedules Conference Call to Discuss Third Quarter Financial Results MONTERREY, Mexico, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Third Quarter Conference Call that will be held on: Monday, October 28, 202410:30 AM Eastern Time(8:30 AM Mexico City Time) To participate in the conference call please dial:Toll Free US: (866) 580 3963International: +1 (786) 697 3501Conference ID: FEMSA The quarterly results will be released on October 28 bef...
FEMSA announces agreement with TRAXIÓN to divest certain of FEMSA’s logistics operations MONTERREY, Mexico, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Grupo Traxión, S.A.B. de C.V (BMV: TRAXIONA), a leading transportation and logistics company based in Mexico, to divest certain of FEMSA’s logistics operations doing business as Solistica. The transaction includes FEMSA’s transportation management operations in Mexico, as well as its contract ...
FEMSA to enter the Convenience Store Industry in the United States MONTERREY, Mexico, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that it has entered into definitive agreements with Delek US Holdings, Inc. (“Delek”) (NYSE: DK), to acquire Delek’s retail operations, consisting of 249 convenience stores located mainly in Texas, for a total amount of US$385 million dollars on a cash-free, debt-free basis, including the purchase of inventories. Delek’s Retail AssetsDelek is a d...
FEMSA Announces Second Quarter 2024 Results MONTERREY, Mexico, July 24, 2024 (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 second quarter of 2024. FEMSA: Total Consolidated Revenues grew 12.2% compared to 2Q23.FEMSA Retail1: Proximity Americas total Revenues increased 8.9% versus 2Q23.DIGITAL: Spin by OXXO had 7.9 million active users2 representing a 37.0% growth compared to 2Q23 while Spin Premia had 22.8 million active loyalty users2 representing a 44.3% growth c...
FEMSA announces agreement with Mill Point Capital to divest FEMSA’s refrigeration and foodservice equipment operations MONTERREY, Mexico, July 17, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Mill Point Capital LLC, a leading private equity firm, to divest FEMSA’s refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis. This transaction represents an additional ...
FEMSA Schedules Conference Call to Discuss Second Quarter Financial Results MONTERREY, Mexico, July 08, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Second Quarter Conference Call that will be held on: Wednesday, July 24, 202411:00 AM Eastern Time(9:00 AM Mexico City Time) To participate in the conference call please dial:Toll Free US: (866) 580 3963International: +1 (786) 697 3501Conference ID: FEMSA The quarterly results will be released on July 24 befo...
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