Fomento Economico Mexicano (FMX) has released an update.
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Fomento Económico Mexicano (FEMSA) reported an 8.3% increase in total consolidated revenues for the third quarter of 2024, with significant growth across its business units, including a 14.6% rise in income from operations. The company’s retail and digital segments showed impressive expansion, with Spin by OXXO and Spin Premia platforms experiencing substantial user growth. Additionally, Coca-Cola FEMSA delivered strong double-digit revenue and profit growth, counterbalancing softer performance in the Mexican market.
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