Latest news with #CocaColaFEMSA
Yahoo
2 days ago
- Business
- Yahoo
Coca-Cola FEMSA invests in Brazil factory
Coca-Cola FEMSA has invested more than $600m reais ($110m) in the expansion of its plant in Mogi das Cruzes, São Paulo state, in Brazil. Coca-Cola FEMSA, the Coca-Cola franchise bottler by sales volume, plans to use the money to build two new production lines for soft drinks, according to a statement from the Mogi das Cruzes city hall. The factory is already considered the company's main and most strategic in Brazil, and the cash injection looks to generate new jobs and integrate the use of cutting-edge technology at the plant. Construction will be completed between October and December, with operations due to begin on the two new production lines in January. The latest expansion reinforces the company's 'commitment to efficiency, innovation, and sustainability", the statement said. In the same statement, supply chain director at Coca-Cola FEMSA, Mario Cesar Schafaschek said: 'The Mogi facility plays a strategic role not only for our company but also within the Coca-Cola System in Brazil. 'We are very optimistic about the arrival of the new soft drink lines, featuring high-level technology that will bring great efficiency to the use of resources.' He added: 'This expansion reinforces our commitment to the sustainable development of the region, strengthening value generation for our partners, customers, and the local community.' Just Drinks has contacted Coca-Cola FEMSA for additional comment. Mayor of Mogi das Cruzes, Mara Bertaiolli said: "The industry will be revived, and Coca-Cola is back in Mogi. We'll have a sustainable production format, generating jobs and income for our city. "This is just the beginning of our partnership. Coca-Cola FEMSA trusts Mogi, and we will work together for the benefit of our population." The Coke bottler pointed to further investments in Brazil in its annual report for 2024, noting that it planned to install nine new production lines in total. Four of these were expected to launch in Brazil, as well as one in Mexico, two in Guatemala, and one in Costa Rica. According to this most recent annual report, Coca-Cola FEMSA manages 11 plants and 49 distribution centres in Brazil. In March, the group injected 22.41bn pesos ($45m) in its production plant in Calle Blancos in Costa Rica. The money was expected to be used to add a new production line as well as increase the site's production capacity, improve warehousing at the facility and 'boost exports' to markets including Nicaragua and Panama, the Mexico-based bottler said in a statement at the time. "Coca-Cola FEMSA invests in Brazil factory" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-07-2025
- Business
- Yahoo
FEMSA Announces Second Quarter 2025 Results
MONTERREY, Mexico, July 28, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ('FEMSA') (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the second quarter of 2025. FEMSA: Total Consolidated Revenues grew 6.3% and Income from Operations increased 1.2% compared to 2Q24. FEMSA Retail1: Proximity Americas total Revenues grew 6.9% and Income from operations decreased 2.8% versus 2Q24. SPIN: Spin by OXXO had 9.4 million active users2 representing 18.8% growth compared to 2Q24 while Spin Premia had 26.6 million active loyalty users2 representing 16.9% growth compared to 2Q24, and an average tender3 at OXXO Mexico of 45.8% which increased from 36.1% tender in 2Q24. COCA-COLA FEMSA: Total Revenues and Income from Operations grew 5.0% and 0.2%, respectively against 2Q24. Financial Summary for the Second Quarter 2025Change vs. comparable period Total Revenues Gross Profit Income fromOperations Same-Store Sales As Reported 2Q25 YTD25 2Q25 YTD25 2Q25 YTD25 2Q25 YTD25 FEMSA Consolidated 6.3% 8.3% 4.2% 9.2% 1.2% 2.6% Proximity Americas 6.9% 6.9% 6.9% 8.3% (2.8%) (6.3%) (0.4%) (1.1) Proximity Europe 31.4% 24.9% 25.6% 20.3% 54.4% 22.3% N.A. N.A. Health 15.6% 18.3% 13.6% 18.3% 5.7% 15.2% 13.1% 14.3% Fuel 0.6% 1.2% 6.6% 5.6% 13.6% 1.8% 4.9% 5.2% Coca-Cola FEMSA 5.0% 6.7% 3.4% 6.9% 0.2% 3.3% Comparable(A) FEMSA Consolidated 2.2% 2.7% 0.0% 4.5% (1.5%) (3.9%) Proximity Americas 2.0% 1.7% 4.3% 5.7% (3.1%) (10.8%) (0.6%) N.A. Proximity Europe 5.9% 3.5% 1.2% (0.3%) 24.0% 0.6% N.A. N.A. Health 6.7% 6.8% 4.5% 6.5% (5.2%) 2.2% 4.8% N.A. Fuel 0.6% 1.2% 6.6% 5.6% 13.6% 1.8% 4.9% N.A. Coca-Cola FEMSA 2.4% 3.3% 0.9% 3.5% (2.6%) 0.3% José Antonio Fernandez Carbajal, FEMSA's Chief Executive Officer, commented: 'During the second quarter, we delivered a mixed set of results. In our core operations in Mexico, we faced a challenging combination of a soft consumer environment and very adverse weather that put pressure on retail operations and beverage volumes. On the positive side, several of our proximity and beverage operations outside of Mexico delivered strong results, which combined with currency tailwinds, helped to mitigate the impact. The retail operations outside of Mexico provided encouraging signs that they are firing on all cylinders as they fine-tune their value propositions and increase their scale. At Proximity Americas Mexico, weak traffic numbers stood out against an otherwise largely positive set of trends outside of Mexico, reflecting an environment in which convenience categories such as soft drinks, beer and tobacco underperformed other categories across channels. We are working hard together with our supplier partners to ensure we can adjust our assortment and price-package architecture to remain competitive in addressing our customers' needs as we advance through the summer and approach the key selling season in the fourth quarter. For its part, Valora delivered a solid result, as did our Health operations outside of Mexico. Finally, Coca-Cola FEMSA navigated the same challenging environment in Mexico which it is aggressively addressing with highly targeted and segmented packaging strategies, promotional activity, and expense control. Outside of Mexico, KOF continued to improve its competitive position and delivered strong results, particularly led by certain markets in South America, further reinforced by currency tailwinds. We remain confident of the initiatives being implemented across businesses, and we are focused on reversing the traffic and volume trends and on managing costs and expenses in the second half of the year. Our businesses have repeatedly proven their resilience, and we believe we have the right strategy and team for the task.' To obtain the full text of this earnings release, please visit our Investor Relations website athttps:// under the Financial Reports sectionCONFERENCE CALL INFORMATION Our Second quarter 2025 Conference Call will be held on: Monday, July 28, 2025, 11:00 AM Eastern Time (9:00 AM Mexico City Time). The conference call will be webcast live through streaming audio. Telephone: Toll Free US:International: (866) 580 3963+1 (786) 697 3501 Webcast: Conference ID: FEMSA If you are unable to participate live, the conference call audio will be available on ABOUT FEMSAFEMSA 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 a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates through a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes. ____________________________ (A) Please refer to page 13 for our definition of 'comparable' and a description of the factors affecting the comparability of our financial and operating performance.1 FEMSA Retail: Proximity Americas & Europe, Fuel and FEMSA Health.2 Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days. Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.3 Tender: OXXO MXN sales with Spin Premia redemption or accrual / Total OXXO MXN Sales, during the period. CONTACT: Investor Contact (52) 818-328-6000 investor@ Media Contact (52) 555-249-6843 comunicacion@ 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Forbes
30-05-2025
- Business
- Forbes
Organized Crime Affects Business Activity In Morelos, Mexico
Mexican marines guard the entrance of the building complex where the leader of the Beltran Leyva's ... More cartel, Arturo Beltran Leyva, was shot dead by security forces, in Cuernavaca on December 17, 2009. Arturo Beltran Leyva, a Mexican drug kingpin aka the "Boss of Bosses," has been killed in a dramatic shoot-out between cartel members and the military, at south of Mexico City, Navy said. Beltran Leyva was Mexico's third most wanted man, with a 1.5-million-dollar (one-million-euro) reward on offer for information leading to his capture. AFP PHOTO/Luis Acosta (Photo credit should read LUIS ACOSTA/AFP via Getty Images) The small state of Morelos, just outside of Mexico City, has quietly emerged as one of the worst hotspots for organized crime activity in Mexico. In 2024, Coca-Cola FEMSA decided to shutter one its facilities in Morelos due to threats from organized crime. The state's former governor, Cuauhtemoc Blanco, has faced widespread accusations of collusion with drug trafficking groups and is even accused of ordering the killing of a local businessman. Local business owners are complaining about threats and extortion from criminal groups in Morelos. If you look at the statistics on homicide totals, it's shocking to see just how much violence has increased over the last few years in Morelos. In 2024, the number of murders in Morelos was more than ten times higher than it was in 2007. The total annual tally of homicides has ridden steadily over time. Data from INEGI and press ... More sources. In particular, during the last six years during the '4T-era" of the presidencies of Andres Manuel Lopez Obrador and Claudia Sheinbaum, the violence has reached a new high. I asked the Council on Foreign Relations' Will Freeman how he assesses the 4T-era security policies in Morelos. He gave Lopez Obrador and Sheinbaum an 'F.' In fact, in Morelos, in 2024 the violence reached the highest level ever recorded in Modern Mexico's history. The state as a whole is now more than three times as violent as the city of Chicago. In total, Morelos recorded over 1,300 homicides in 2024, making it one of the top ten most violent states in Mexico. Overall, in terms of population-adjusted homicide rate, Morelos is now the 2nd most violent state in Mexico. There is a major lag in the perception of the problem of violence in Morelos, particularly among foreign executives and tourists. Many of the shootouts in Morelos seem similar to scenes we see in Mexico's worst organized crime hotspots, but many visitors still perceive Cuernavaca to be safe. In Morelos, tortilla-makers are complaining about local organized crime groups threatening and extorting them. More broadly, politicians and police are struggling to deal with a splintering roster of organized crime groups that are diversifying away from drug trafficking into a vareity of new rackets including extorting local business owners, hijacking cargo trucks, and stealing lumber. One of the biggest challenges Mexico's President Claudia Sheinbaum will face is whether or not she can improve security and reduce violent crime in places such as Morelos. Security analysts speculate that right now there are over a dozen organized crime groups operating in Morelos. During a recent podcast discussion, Washington Post journalist Mary Beth Sheridan, who recently published an article about how organized crime groups are targeting tortilla-makers in Morelos, explained 'They prey on the local population. Extortion is one of the primary activities: thousands of tortillerias are being extorted.' When it comes to the risks foreign companies and executives face when investing in Morelos, I characterize the state as being low risk for targeted, high-impact crimes such as executive kidnappings, arson attacks, or extortion, but high risk for employees and operations from general, non-targeted violent crime such as shootings, armed robberies, carjackings, and cargo truck hijackings. Some tourists may be wondering whether Morelos is safe to visit. There is a real disconnect where the popular perception of Morelos and Cuernavaca among tourists and foreign executives has not caught up with the on-the-ground reality. Many foreign visitors still view Cuernavaca as a beautiful colonial city, the city of eternal spring or 'primavera eterna.' But, locals are acutely aware of the risks of shootouts, armed robberies, and carjackings and have referred to their city as the city 'la balacera eterna' or eternal shootout for over a decade and a half. The problems in Cuernavaca highlight the fact that while Mexico City is generally safe for foreign tourists to visit, many of the areas surrounding Mexico City in states including Puebla, Estado de Mexico, Morelos and Michoacan are affected by high levels of organized crime activity and violence, including violent carjackings on major highways. Part of the problem in Morelos is limited institutional capacity for policing. It's helpful to compare Morelos with Mexico City when it comes to police. Mexico City has by far the highest number of police patrols of any state in Mexico. There are more than 92,000 state police patrol officers in Mexico City. In contrast there are only 2,000 state police officers in Morelos. Overall, Morelos has around 2 percent as many state police as Mexico City. Furthermore, we know that around 99.8 percent of all murders in Morelos go unsolved. To put that differently, right now the police and prosecutors in Morelos are solving almost none of the murders that are happening in the state. So, foreign executives managing operations in Morelos need to be aware of the risks stemming from organized crime activity in the state. It's true that the problem of extortion in Morelos primarily affects local businesses, not large foreign-owned firms. But, the threats tortilla-makers in Morelos are dealing with highlight the fact that organized crime activity in Mexico affects the legal economy in significant ways. Check out the full conversation here.
