Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q1 2024 Earnings Call Transcript April 26, 2024 Fomento Económico Mexicano, S.A.B. de C.V. misses on earnings expectations. Reported EPS is $0.47 EPS, expectations were $1.61. Fomento Económico Mexicano, S.A.B. de C.V. isn’t one of the 30 most popular stocks among hedge funds at the end of the […]
FEMSA (FMX) posts lower earnings year over year in first-quarter 2024. However, revenues improved 11.3% year over year.
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