Fomento Economico Mexicano ( (FMX) ) has shared an update.
FEMSA reported robust financial results for the fourth quarter and full year of 2024, with consolidated revenues growing by 12.8% and income from operations increasing by 31.5% compared to the previous year. The company experienced substantial growth across its business units, including Proximity Americas, Coca-Cola FEMSA, and Spin by OXXO, driven by strong market execution and favorable foreign exchange conditions. In 2024, FEMSA continued to advance its FEMSA Forward strategy, focusing on capital allocation and returning capital to shareholders through dividends and share repurchases. The company also made significant investments in both organic and inorganic growth initiatives, particularly in proximity operations in the US, while maintaining a strong financial position and preparing for future challenges in the consumer market.
More about Fomento Economico Mexicano
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a leading company in the retail and beverage industry, operating in various sectors including retail, health, fuel, and Coca-Cola bottling. It is one of the largest employers and taxpayers in Mexico, with a significant presence in both Americas and Europe, focusing on proximity retail operations and beverage distribution.
YTD Price Performance: 5.71%
Average Trading Volume: 484,219
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $18.34B
See more data about FMX stock on TipRanks’ Stock Analysis page.