Fomento Económico Mexicano, S.A.B. de C.V. (FMX)
Market Cap | 29.30B |
Revenue (ttm) | 38.59B |
Net Income (ttm) | 1.18B |
Shares Out | 3.58B |
EPS (ttm) | 0.33 |
PE Ratio | 24.85 |
Forward PE | 17.46 |
Dividend | $0.16 (0.18%) |
Ex-Dividend Date | Oct 16, 2024 |
Volume | 918,597 |
Open | 88.92 |
Previous Close | 89.30 |
Day's Range | 86.44 - 89.04 |
52-Week Range | 86.44 - 143.43 |
Beta | 0.39 |
Analysts | Buy |
Price Target | 120.33 (+38.45%) |
Earnings Date | Oct 28, 2024 |
About FMX
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstor... [Read more]
Financial Performance
In 2023, FMX's revenue was 702.69 billion, an increase of 17.70% compared to the previous year's 597.01 billion. Earnings were 65.69 billion, an increase of 174.75%.
Financial numbers in MXN Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for FMX stock is "Buy." The 12-month stock price forecast is $120.33, which is an increase of 38.45% from the latest price.
News
Mill Point Capital Completes Acquisition of AeriTek Global LLC
KENNESAW, Ga.--(BUSINESS WIRE)--An affiliate of Mill Point Capital LLC ("Mill Point Capital"), a New York City-based private equity firm, announced today the completion of its previously announced acq...
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...
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 agr...
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2024 Earnings Call Transcript
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q3 2024 Earnings Conference Call October 28, 2024 10:30 AM ET Company Participants Juan Fonseca - Director, IR José Antonio Fernández Garza-Lagüe...
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 ...
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 i...
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 agr...
Delek US Holdings, Inc. Announces Closing of Sale of Retail Assets to FEMSA
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) announced today the closing of the previously announced sale of 100% of the equity interests in the Delek subsidiaries th...
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 Agreement Signed for FEMSA's Acquisition of Retail Assets from Delek US
NASHVILLE, Tenn--(BUSINESS WIRE)--FEMSA (NYSE:FMX) and Delek US Holdings, Inc. (NYSE:DK) (“Delek”) have entered into a definitive agreement, whereby a subsidiary of FEMSA will acquire 100% of the equi...
FEMSA's Mixed Second Quarter Isn't A Cause For Concern
FEMSA's Q2 results were mixed, with strong performance from Coca-Cola FEMSA driving the upside and offsetting weaker results in other segments. Weaker growth from Oxxo this quarter isn't a major conce...
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q2 2024 Earnings Call Transcript
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Company Participants Juan Fonseca - Vice President, Investor Relations Martín Arias - ...
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 ...
Mill Point Capital Announces Carve-Out of FEMSA's Commercial Refrigeration and Foodservice Equipment Businesses
KENNESAW, Ga.--(BUSINESS WIRE)--An affiliate of Mill Point Capital LLC (“Mill Point Capital”), a lower middle-market private equity firm focused on control-oriented investments in the industrials, bus...
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 agr...
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 i...
FEMSA ANNOUNCES EARLY TENDER RESULTS AND ACCEPTANCE OF NOTES FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER
MONTERREY, Mexico , June 17, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the early tender results and acceptance for i...
FEMSA ANNOUNCES THE TOTAL CONSIDERATION FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER
MONTERREY, Mexico , June 17, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the total consideration for its previously an...
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 ...
FEMSA ANNOUNCES COMMENCEMENT OF TENDER OFFER
MONTERREY, Mexico , June 4, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has commenced an offer to purchase for cash ...
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q1 2024 Earnings Call Transcript
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants Juan Fonseca - Head of IR José Antonio Fernández - CEO, Proximit...
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...
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...
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 ...
FEMSA Offers Underrated Quality Growth For Patient Investors
FEMSA's shares have come under pressure due to unexpected changes in the C-suite and disappointment about the pace of capital returns to shareholders. The company has announced a 20% hike in the regul...