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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.12Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a clear operational recovery and margin expansion at OXXO Mexico, strong growth in Americas & Mobility (notably OXXO LatAm ex-Brazil), encouraging progress at Bara and Spin, and comparable strength at Coca-Cola FEMSA. Consolidated revenues and operating income showed solid comparable currency-neutral growth. However, results were tempered by a one-time accounting gain that inflated reported net income, meaningful underlying net income decline, continued underperformance and credit exposure in the Health division (notably Colombia institutional receivables and Mexico losses), OXXO Brazil operating losses, FX/financing headwinds, and lingering traffic/security effects in some Mexican regions. Management emphasized cost containment, capital discipline and continued focus on traffic recovery, while retaining cautious guidance for the back half of the year.Company Guidance
OXXO Mexico Revenue and Same-Store Sales Recovery
Total revenue growth of 8.3% YoY driven by same-store sales growth of 6.0% and 158 net new stores added during the quarter; average traffic improved materially vs. last year despite remaining slightly negative.
OXXO Mexico Margin and Operating Income Expansion
Gross margin expanded to 46.2% (+140 basis points YoY) and operating income grew 20.9% with operating margin expanding 80 basis points to 7.6%, supported by supplier cooperation, increased distribution income and warehouse savings.
Americas & Mobility Strong Top-Line Growth
Segment revenues of 25 billion pesos, up 12.9% YoY (10.5% comparable and currency-neutral); OXXO LatAm ex-Brazil average weighted same-store sales +13.1% (Chile, Peru, Colombia); Brazil same-store sales +6.9% LC; U.S. same-store sales +1.7% LC.
Fuel Division and Americas Margin Improvements
Fuel division margin increased 120 basis points to 13.0% driven by favorable sales mix (higher retail volumes at OXXO Gas) and higher fuel prices; Americas & Mobility operating income 281 million pesos with operating margin 1.1% (over 100% increase on a comparable basis).
Bara Performance and Private Label Traction
Bara reported double-digit same-store sales growth driven by traffic and ticket, opened 38 net new stores in Q1 and private label represented ~30% of its revenue mix.
Europe (Valora) Operating Income Growth
European operations reported operating income of 356 million pesos (+7.4% YoY) and stable revenues in peso terms (up 1.5% on a currency-neutral basis), reflecting strong cost containment despite soft traffic outside core Swiss business.
Coca-Cola FEMSA Comparable Growth
On a comparable basis Coca-Cola FEMSA revenue grew 6.3% and operating income grew 2.1%, benefiting from geographic diversification, portfolio initiatives, refillable expansion and digital/RGM initiatives.
Spin Rapid User and Transaction Growth
Spin reached ~11 million active users and >100 million monthly transactions; tender share crossed 50% in Q1, highest monthly active user additions in March, and losses materially reduced, with Spin becoming a growing contributor to omnichannel and retail media strategies.
Consolidated Revenue and Operating Income (Comparable Basis)
Consolidated total revenues increased 6.1% YoY (8.5% on a comparable & currency-neutral basis) and operating income rose 5.5% (12.1% on a comparable & currency-neutral basis), driven by OXXO Mexico recovery, international contributions and early cost restructuring benefits.
Capital Allocation and Shareholder Returns
Deployed 6.2 billion pesos in CapEx in Q1 (~3% of revenues, down 29.5% YoY with expected acceleration later); ordinary dividends 15.2 billion pesos (+4.5% per share) and extraordinary dividend 25.8 billion pesos, totaling ~41 billion pesos in distributions; continuing 300 million share repurchase program expected to complete in Q2.
FMX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FMX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $112.01 | $118.24 | +5.56% |
Oct 28, 2025 | $92.74 | $92.18 | -0.61% |
Jul 28, 2025 | $93.66 | $87.43 | -6.65% |
Jul 28, 2025 | $93.66 | $87.43 | -6.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fomento Economico Mexicano S.a.b. De C.v. (FMX) report earnings?
Fomento Economico Mexicano S.a.b. De C.v. (FMX) is schdueled to report earning on Jul 28, 2026, Before Open (Confirmed).
What is Fomento Economico Mexicano S.a.b. De C.v. (FMX) earnings time?
Fomento Economico Mexicano S.a.b. De C.v. (FMX) earnings time is at Jul 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FMX EPS forecast?
FMX EPS forecast for the fiscal quarter 2026 (Q2) is 1.12.