MARKET

FMX

FMX

Fomento Mexicano
NYSE
109.57
+1.30
+1.20%
After Hours: 109.50 -0.07 -0.06% 17:12 07/26 EDT
OPEN
108.96
PREV CLOSE
108.27
HIGH
110.07
LOW
107.75
VOLUME
506.50K
TURNOVER
0
52 WEEK HIGH
143.43
52 WEEK LOW
96.65
MARKET CAP
39.21B
P/E (TTM)
26.66
1D
5D
1M
3M
1Y
5Y
1D
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 concern, as the timing of Holy Week has a lot to do with it. Ongoing investments in digital and drugstores may irk some investors. The company's shares are still undervalued and can still support a fair value close to $130. FemSA's second quarter results were lackluster, but Coca-cola F EMSA's results were better than expected.
Seeking Alpha · 19h ago
Barclays Sticks to Its Buy Rating for Fomento Economico Mexicano (FMX)
TipRanks · 1d ago
Fomento Economico Mexicano reports Q2 results
Seeking Alpha · 1d ago
FMX Stock Earnings: Fomento Economico Beats EPS, Beats Revenue for Q2 2024
Fomento Economico reported earnings per share of $1.93 for the second quarter of 2024. The company reported revenue of $11.54 billion. This was 3.77% better than the analyst estimate for the same period. Fomento Economicico also reported results for the third quarter of 2015.
Investorplace · 2d ago
Mexican retailer FEMSA: Higher minimum wage should boost business
Mexican retailer FEMSA: Higher minimum wage should boost business by boosting consumption. Incoming government expected to continue gradually raising the minimum wage in Latin America's No. 2 economy. FemSA controls one of the largest Coca-Cola bottlers and convenience store chains.
Reuters · 2d ago
Fomento Economico Mexicano SAB de CV reports results for the quarter ended in June - Earnings Summary
Fomento Economico Mexicano SAB de CV reported quarterly adjusted earnings of $2.54 per share for the quarter ended in June. Revenue rose 2.8% to $11.53 billion from a year ago. The company reported quarterly income of $909.24 million.
Reuters · 2d ago
FEMSA Boasts Strong Growth in Q2 2024
TipRanks · 2d ago
Fomento Economico Q2 Sales $11.54B Beat $11.12B Estimate
Benzinga · 2d ago
More
About FMX
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.

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