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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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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)N/A
Earnings dateN/A
Forward dividend & yield1.52 (1.97%)
Ex-dividend date03 Nov 2020
1y target estN/A
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News
Press releases
  • 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

  • GlobeNewswire

    FEMSA Comercio announces agreement with Chilean retailer SMU to acquire OK Market stores

    MONTERREY, Mexico, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced that its subsidiary, FEMSA Comercio has reached an agreement with SMU, S.A, a leading Chilean retailer, to acquire its OK Market store chain for a total amount of 1,515,965 Unidades de Fomento1 or approximately CLP $43,500 million. The transaction is subject to final confirmatory due diligence, the signing of definitive agreements and customary regulatory and anti-trust approvals and is expected to close during 2021. About OK Market OK Market is a leading small-format proximity store chain in Chile with more than 120 locations. During 2019, it recorded total sales of more than CLP $50,000 million.Daniel Rodríguez Cofre, FEMSA Comercio’s CEO, commented: “In recent years, we have made great progress developing the value proposition and footprint of our OXXO proximity stores in Chile. The transaction announced today will allow us to improve the way we serve this key market and our Chilean customers.”About FEMSA Comercio FEMSA Comercio is a company that creates economic and social value in the countries where it has a presence. It operates different small-format store chains in Mexico, Colombia, Chile, Peru, Ecuador and Brazil, among which there are OXXO proximity stores, drugstores under the brands YZA, Farmacon, Moderna, Cruz Verde, Fybeca and SanaSana, and Maicao beauty stores. It also operates service stations in Mexico under the OXXO GAS brand. Through its business units, FEMSA Comercio has more than 198,000 employees and serves more than 13 million consumers every day.About FEMSA FEMSA 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 integrated logistics services through Solistica, as well as point-of-sale refrigeration 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.___________________ 1 Unidades de Fomento: Chilean inflationary variable accounting unit. 1 Unidad de Fomento = 28,715.50 CLP as of October 08 2020. 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

  • GlobeNewswire

    FEMSA Schedules Conference Call to Discuss Third Quarter 2020 Financial Results

    MONTERREY, Mexico, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) is pleased to invite you to participate in its Third Quarter 2020 Conference Call that will be held on: Thursday, October 29, 2020 11:00 AM Eastern Time (9:00 AM Mexico City Time)Eduardo Padilla, Chief Executive Officer of FEMSA, will host the call and discuss FEMSA’s Third Quarter 2020 financial results, followed by a question and answer session. The quarterly results will be released on October 28 after markets close.To participate in the conference call please dial Toll Free US: (800) 263 0877 International: +1 (646) 828 8143 Conference ID: 2585646The conference call will be webcast live through streaming audio. For details please visit http://ir.femsa.comIf you are unable to participate live, the conference call replay will be available on http://ir.femsa.com/results.cfmFEMSA 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