reports
FEMSA completes divestiture of its refrigeration and foodservice equip...
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 ...
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 des...
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
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 Res...
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 lo...
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
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
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 re...
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 Re...
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...
FEMSA completes Accelerated Share Repurchase Agreement, and announces ...
FEMSA completes Accelerated Share Repurchase Agreement, and announces new Agreement MONTERREY, Mexico, June 10, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces today that it has entered into a new derivative instrument in the form of an accelerated share repurchase transaction (“ASR”) to repurchase the Company’s American Depositary Shares (“ADSs”)1. Under the terms of this new ASR, FEMSA has agreed to repurchase up to USD $600 million of its ADSs. The total number of ADSs ultimately repurchased un...
FEMSA Announces First Quarter 2024 Results
FEMSA Announces First Quarter 2024 Results MONTERREY, Mexico, April 26, 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 first quarter of 2024. FEMSA: Total Consolidated Revenues grew 11.3% compared to 1Q23.FEMSA Retail1: Proximity Americas total Revenues increased 15.1% versus 1Q23.DIGITAL: Spin by OXXO had 7.4 million active users2 while Spin Premia had 21.7 million active loyalty users3 and an average tender3 of 35.1%.COCA...
FEMSA Files 2023 SEC Annual Report
FEMSA Files 2023 SEC Annual Report MONTERREY, Mexico, April 23, 2024 (GLOBE NEWSWIRE) -- 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, 2023 with the U.S. Securities and Exchange Commission (SEC) and will be 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 inv...
FEMSA Schedules Conference Call to Discuss First Quarter Financial Res...
FEMSA Schedules Conference Call to Discuss First Quarter Financial Results MONTERREY, Mexico, April 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 First Quarter Conference Call that will be held on: Friday, April 26, 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 Apr...
FEMSA Shareholders’ Meeting Resolutions
FEMSA Shareholders’ Meeting Resolutions MONTERREY, Mexico, March 25, 2024 (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, 2023, the 2023 CEO’s annual report and the opinion of the Board of Directors for the year 2023. The Annual Shareholders’ Meeting elected the members of the board of directors and the members of each of the Audi...
FEMSA Announces Accelerated Share Repurchase Agreement
FEMSA Announces Accelerated Share Repurchase Agreement MONTERREY, Mexico, March 15, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced that, consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it has entered into a derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial institution in the United States of America, to repurchase the Company’s shares through the acquisition of American Depositary Sha...
FEMSA Forward - Focused Leadership in Retail, Beverages & Digital
FEMSA Forward - Focused Leadership in Retail, Beverages & Digital FEMSA announces a redefined corporate organization and senior leadership changes MONTERREY, Mexico, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that, as part of its commitment to the FEMSA Forward strategy, it is implementing changes in its corporate organization. Consistent with the FEMSA Forward strategy, each of our three core business verticals will continue strengthening their already robust teams to ensur...
FEMSA Announces Fourth Quarter and Full Year 2023 Results
FEMSA Announces Fourth Quarter and Full Year 2023 Results MONTERREY, Mexico, Feb. 23, 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 fourth quarter and full year of 2023. FEMSA: Total Consolidated Revenues grew 4.6% against 4Q22.FEMSA Retail1: Proximity Americas total Revenues increased 14.2% against 4Q22.DIGITAL: Spin by OXXO had 6.9 million active users2 while Spin Premia had 19.3 million active loyalty users2 and an average tender3 of 31.0%.COCA-COLA FEMSA: ...
FEMSA Announces the date for its Annual Shareholders’ Meeting
FEMSA Announces the date for its Annual Shareholders’ Meeting MONTERREY, Mexico, Feb. 15, 2024 (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 March 22, 2024, 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 person...
FEMSA Forward - Focused Leadership in Retail, Beverages & Digital
FEMSA Forward - Focused Leadership in Retail, Beverages & Digital Advancing FEMSA Forward: Revamping capital allocation strategy to drive long-term intrinsic per-share value MONTERREY, Mexico, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is providing additional information regarding its future capital allocation plans. These plans have been approved by the Board of Directors of FEMSA and are an integral part of, and fully consistent with, the FEMSA Forward strategy presented in February of 20...
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