Fomento Económico Mexicano, S.A.B. de C.V. (FMX)

NYSE: FMX · Real-Time Price · USD
86.91
-2.39 (-2.68%)
Nov 20, 2024, 4:00 PM EST - Market closed
-2.68%
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]

IPO Date May 11, 1998
Employees 392,932
Stock Exchange NYSE
Ticker Symbol FMX
Full Company Profile

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 Statements

Analyst 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.

Price Target
$120.33
(38.45% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

16 days ago - Business Wire

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...

16 days ago - GlobeNewsWire

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...

23 days ago - GlobeNewsWire

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...

23 days ago - Seeking Alpha

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 ...

23 days ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

Other symbols: DK
7 weeks ago - Business Wire

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 ...

3 months ago - GlobeNewsWire

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...

Other symbols: DK
3 months ago - Business Wire

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...

4 months ago - Seeking Alpha

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 - ...

4 months ago - Seeking Alpha

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 ...

4 months ago - GlobeNewsWire

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...

4 months ago - Business Wire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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 ...

5 months ago - GlobeNewsWire

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 ...

6 months ago - PRNewsWire

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...

7 months ago - Seeking Alpha

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...

7 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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 ...

7 months ago - GlobeNewsWire

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...

8 months ago - Seeking Alpha