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

NYSE - Nasdaq Real-time price. Currency in USD
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56.19+0.35 (+0.63%)
As of 1:04PM EDT. Market open.
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Trade prices are not sourced from all markets
Previous close55.84
Open55.83
Bid56.12 x 1000
Ask56.24 x 1000
Day's range55.82 - 56.50
52-week range53.01 - 98.05
Volume640,577
Avg. volume588,976
Market cap20.106B
Beta (5Y monthly)0.30
PE ratio (TTM)24.64
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.40 (2.51%)
Ex-dividend date18 Aug 2020
1y target estN/A
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Press releases
  • 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

  • GlobeNewswire

    FEMSA Announces Second Quarter 2020 Results

    MONTERREY, Mexico, July 24, 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 second quarter of 2020. COVID-19 UPDATE: * We have kept our people and customer’s health and safety as our first priority. Our more than 25,000 vulnerable employees, and most of our administrative personnel remain safe at home, collaborating remotely when possible. We have increased availability of required protective equipment at most of our locations, and we have continued to successfully implement strict social distancing and health risk prevention policies across our operations, helping us in turn to ensure business continuity under a safe environment for our employees and customers.  On the financial liquidity front, we continue to operate our business-specific cash control towers with a focus on cash preservation, with good results.  FINANCIAL SUMMARY FOR THE SECOND QUARTER AND FIRST SIX MONTHS 2020 Change vs. same period last year   Revenues Gross Profit Income from Operations Same-Store Sales   2Q20YTD20 2Q20YTD20 2Q20YTD20 2Q20YTD20 FEMSA CONSOLIDATED (10.7%)(3.1%) (9.1%)(1.6%) (37.5%)(18.9%)    FEMSA COMERCIO             Proximity Division (8.0%)0.7% (8.2%)2.4% (65.8%)(36.3%) (12.4%)(4.0%) Health Division 2.5%10.4% 5.2%10.6% (23.9%)(9.2%) (9.8%)(8.3%) Fuel Division (48.6%)(25.9%) (30.4%)(13.9%) (82.0%)(51.8%) (49.3%)(27.0%) COCA-COLA FEMSA (10.2%)(6.5%) (13.7%)(7.8%) (19.1%)(10.1%)                  Eduardo Padilla, FEMSA’s CEO, commented: “The second quarter was extremely challenging across our operations, although there were differences in performance among business units.  At OXXO, we saw a meaningful impact from continuing lack of consumer mobility, that translated into soft performance for most of our categories and consumer occasions, and the challenge was compounded by the lack of beer supply that only began to recover in the month of June.  Our Health Division fared better, as demand for its products remained high but sales were constrained by strict mobility restrictions imposed on consumers, particularly in our key South American markets.  The Fuel Division was impacted most, as vehicle utilization fell quickly and drastically, however it is also the retail operation that seems to be rebounding faster, from a deeper trough.  For its part, Coca-Cola FEMSA was quite resilient, leveraging its execution capabilities to once again adapt to consumer needs and minimize the negative impact of the downturn.Having said all that, our team continues to execute at a high level in very complex environments, and we continue to focus on the safety and health of our people and our customers above all else.  Looking ahead, we are seeing a very tentative recovery that will probably take a long time, and we expect uncertainty to remain a factor for a while.  However, we do expect the environment to gradually evolve from a lockdown-driven, mobility-challenged downturn, into a more traditional economy-driven one.  Neither is good, but we have more levers to use and are more familiar with economy and income-driven slowdowns.  In any scenario, we will continue to work hard to make the best of the current situation, and to identify and pursue opportunities that might emerge, as is often the case with crises.”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 section FORWARD-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. Through its business units, FEMSA has more than 300,000 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