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

NYSE - NYSE Delayed price. Currency in USD
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75.96-1.16 (-1.50%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous close77.12
Open77.00
Bid75.97 x 1200
Ask75.99 x 900
Day's range75.46 - 77.68
52-week range52.91 - 98.05
Volume373,422
Avg. volume659,115
Market cap27.18B
Beta (5Y monthly)0.26
PE ratio (TTM)33.32
EPS (TTM)2.28
Earnings dateN/A
Forward dividend & yield1.52 (1.97%)
Ex-dividend date03 Nov 2020
1y target est82.16
  • Fomento Economico Mexicano S.A.B. de C.V. (FMX) Q3 2020 Earnings Call Transcript
    Motley Fool

    Fomento Economico Mexicano S.A.B. de C.V. (FMX) Q3 2020 Earnings Call Transcript

    At this time, I'd like to turn the conference over to Mr. Juan Fonseca. As you may remember, Eugenio has been in charge of strategic planning and M&A for the last couple of years, and he has now been given broader responsibility for corporate finance, including treasury and tax.

  • FEMSA (FMX) Q3 Earnings Miss Estimates, Revenues Decline Y/Y
    Zacks

    FEMSA (FMX) Q3 Earnings Miss Estimates, Revenues Decline Y/Y

    FEMSA's (FMX) third-quarter 2020 results continued to reflect the impacts of the pandemic-led disruptions. However, it witnesses sequential recovery due to the easing of restrictions.

  • GlobeNewswire

    FEMSA Announces Third Quarter 2020 Results

    MONTERREY, Mexico, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today its operational and financial results for the third quarter of 2020. FINANCIAL SUMMARY FOR THE THIRD QUARTER AND FIRST NINE MONTHS 2020 Change vs. same period last year   Revenues Gross Profit Income from Operations Same-Store Sales   3Q20YTD20 3Q20YTD20 3Q20YTD20 3Q20YTD20 FEMSA CONSOLIDATED (3.0%)(2.9%) (0.7%)(1.1%) (10.1%)(15.5%)    FEMSA COMERCIO             Proximity Division (6.1%)(1.7%) (7.4%)(1.1%) (43.9%)(39.2%) (9.1%)(5.8%) Health Division 6.4%9.0% 10.1%10.4% 42.7%11.4% 7.5%(3.1%) Fuel Division (30.6%)(27.5%) (5.7%)(11.0%) (4.5%)(34.7%) (31.5%)(28.6%) COCA-COLA FEMSA (4.0%)(5.3%) (1.4%)(5.3%) 1.5%(5.6%)    Eduardo Padilla, FEMSA’s CEO, commented:“The third quarter was again challenging across our operations, but it appears we hit the lockdown-driven bottom in the middle of the second quarter, and from there we are seeing consistent, if gradual, improvement across our business units. At OXXO, same-store sales for the third quarter were still lower than last year but sequentially they show a better picture and trend than what we saw three months ago. This reflects a strong average ticket but still a double-digit contraction in average traffic as mobility remains depressed, and regulatory restrictions are still broadly in place across Mexico. Our Health Division had a strong quarter, including a standout performance from our Mexican drugstores, and OXXO Gas saw a sequential improvement in its recovery from a deep trough. For its part, Coca-Cola FEMSA also saw better sequential performance across its operations, delivering growth in its consolidated operating income and showing improved profitability in several key markets.As a result of these incipient recovery trends, and after focusing on “defense” for the past two quarters, we are again beginning to think in terms of medium and long-term growth opportunities and are cautiously putting together some plays on “offense”. These include rekindling our store expansion strategy at FEMSA Comercio, accelerating our digital initiatives across our platform, and very selectively considering small bolt-on acquisitions in some of our existing business verticals.Once again, I want to highlight the superb job done by our employees and management teams in navigating such a profound and disruptive crisis so well. We are not out of it yet, and we expect to face a prolonged economic downturn across markets in the coming quarters, but I take this opportunity to recognize the commitment, resilience, flexibility, and agility shown across our organization in the past seven months.”To obtain the full text of this earnings release, please visit our Investor Relations website at https://femsa.gcs-web.com/ under the Financial Reports sectionFORWARD-LOOKING STATEMENTS This report may contain certain forward-looking statements concerning our future performance that should be considered as good faith estimates made by us. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact our actual performance.FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through FEMSA Comercio, comprising a Proximity Division operating OXXO, a small-format store chain, a Health Division, which includes drugstores and related activities, and a Fuel Division, which operates the OXXO GAS chain of retail service stations. In the beverage industry, it participates through Coca-Cola FEMSA, a public bottler of Coca-Cola products; and in the beer industry, as a shareholder of HEINEKEN, a brewer with operations in over 70 countries. Additionally, through its Strategic Businesses unit, it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA's business units and third-party clients. FEMSA also participates in the janitorial and sanitation distribution industry in the United States. Through its business units, FEMSA has more than 320,000 employees in 13 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index, among other indexes that evaluate is sustainability performance. CONTACT: Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx www.femsa.com Investor Contact (52) 818-328-6167 investor@femsa.com.mx www.femsa.com/inversionista