Latest news with #FEMSA
Yahoo
30-07-2025
- Business
- Yahoo
FEMSA struggles in Mexico as US expansion marches forward
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: Fomento Económico Mexicano S.A.B. de C.V. (FEMSA) has closed 432 'underperforming' pharmacies in Mexico over the past year as foot traffic in its home country has steadily declined, executives said during the company's second-quarter earnings call on Monday. FEMSA has seen traffic declines for 'several quarters' in Mexico, which it attributes to 'a persistently weak consumer environment' and 'atypically adverse weather conditions,' CFO Martín Arias Yániz said during the call. The closures — as well as a 'significant overhead reduction' made during Q2 — aim to improve FEMSA's profitability in Mexico, he added. The expansion of FEMSA's Oxxo c-store business in the U.S. has been a major storyline in the c-store industry over the past year. Although there's no indication of that process slowing down, FEMSA's 'sustained traffic weakness in Mexico is the clear focal point' for the retailer as it moves into the second half of 2025, Yániz emphasized during the call. Dive Insight: The past quarter was especially difficult for FEMSA and Oxxo in Mexico, where the retailer 'delivered a mixed set of results,' FEMSA Chairman and CEO José Antonio Fernandez Carbajal said in the company's earnings report. While total revenue increased 6.3%, driven by FEMSA's operations outside of Mexico, revenue back home — where it operates over 23,000 Oxxo c-stores — only increased 1.4% year-over-year, while same-store sales in Mexico fell by 1.2%, according to FEMSA's earnings report. 'Our operations were geared to a stronger consumer environment than the one that materialized,' Yániz said during the call. 'Thus, our costs and expenses ran a bit ahead of actual volume and traffic.' Carbajal and Yániz said that the difficult environment notably hurt Oxxo's soft drinks, beer and tobacco sales, and Carbajal added that FEMSA is focusing on getting these categories back on track. '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,' Carbajal said. Despite its underperformance in Mexico, FEMSA's leaders appear upbeat about the progress it's making in the U.S. As of the end of last quarter, the company has rebranded 40 former Delek c-stores in West Texas to the Oxxo banner, a bump from the 15 it had as of late April, Yániz said during the call. Besides rebrands, new stores have incorporated 'several hundred' new items, including selections from Oxxo's proprietary Andatti coffee program. FEMSA has rebranded Delek stores in the Midland, Odessa and Lubbock areas of Texas and is making its way towards El Paso, Yániz said. 'Early results in terms of incremental sales are promising,' he said. Correction: A previous version of this story incorrectly stated the number of Oxxo c-stores in Mexico and that 432 Oxxo c-stores have closed over the past year. Recommended Reading Oxxo can become 'super regional' player in the US, CEO says
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
Yahoo
28-05-2025
- Automotive
- Yahoo
AutoZone Appoints New Board Member
MEMPHIS, Tenn., May 28, 2025 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today announced the appointment of Constantino Spas Montesinos to the AutoZone Board of Directors. Constantino serves as the Chief Executive Officer of the Proximity Americas and Mobility Division of Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA). FEMSA is a Mexican multinational beverage and retail company with presence in 18 countries, operating the largest franchise bottler of Coca-Cola products in the world by volume and the largest small-format store chain in Latin America by number of stores. Constantino joined Coca-Cola FEMSA in 2018, bringing extensive international and industry experience. At Coca-Cola FEMSA, he held senior positions in Strategic Planning, and as Chief Financial Officer. He later served as Chief Executive Officer of FEMSA Strategic Businesses. 'We welcome Constantino to our highly engaged, collaborative board. His well-developed diverse set of skills will further enhance our discussions and debates. Our entire team looks forward to working with him to continue to drive exceptional performance,' said Bill Rhodes, Executive Chairman, Customer Satisfaction, AutoZone. With this addition, AutoZone has 11 board members. About AutoZone: As of May 10, 2025, AutoZone had 6,537 stores in the U.S., 838 in Mexico and 141 in Brazil for a total store count of 7,516. AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The majority of stores have a commercial sales program that provides prompt delivery of parts and other products and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. AutoZone also sells automotive hard parts, maintenance items, accessories and non-automotive products through and our commercial customers can make purchases through Additionally, we sell the ALLDATA brand of automotive diagnostic, repair, collision and shop management software through We also provide product information on our Duralast-branded products through AutoZone does not derive revenue from automotive repair or installation services. Contact Information:Financial: Brian Campbell at (901) 495-7005, Jennifer Hughes at (901) 495-6022, 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
21-05-2025
- Business
- Yahoo
FMX Boosts Share Repurchase Plan, Progresses Well on Forward Strategy
Fomento Economico Mexicano S.A.B. de C.V. FMX, alias FEMSA, is focused on its Forward Strategy, which emphasizes the long-term value creation of its core businesses. FEMSA's capital allocation strategy revolves around key principles aimed at maximizing shareholder value while maintaining prudent financial management. In the latest move, the company entered into an accelerated share repurchase (ASR) agreement with a financial organization in the United States to buy back its shares via the acquisition of American Depositary Shares (ADS).According to the conditions of the ASR agreement, FEMSA will repurchase a total amount of $250 million of its ADS1 from the financial institution. The ASR looks to make an initial delivery of 483,559 ADSs on May 20, latest action syncs well with its capital-allocation approach and commitment to maximize shareholders' returns. Per the ASR agreement, the total number of repurchased shares will be based on the daily volume-weighted average price of the company's ADS within the term of the agreement, less a discount. The ASR agreement's final settlement is likely to be done by third-quarter FEMSA intends to return capital to shareholders as a crucial aspect of its overall strategy, following the successful completion of divestments related to FEMSA Forward and considering expected capital needs. FEMSA's shares have gained 1.8% against the industry's 1.2% decline in the past year. This Zacks Rank #4 (Sell) company has been witnessing a soft consumer environment. It faces rising operating expenses, due to a combination of inflationary pressures, supply-chain disruptions and higher labor costs. These challenges have affected multiple business segments, with the Health Division in Mexico particularly struggling due to increased costs and intensified competition. Image Source: Zacks Investment Research Nevertheless, FEMSA is progressing on its FEMSA Forward Strategy to drive value in its core businesses, Retail (including the Health Division), Coca-Cola FEMSA and Digital@FEMSA. The strategy also includes exploring alternatives for its strategic business, including potential divestments. OXXO Mexico remains a key pillar of FEMSA's retail operations, driven by its ongoing efforts to refine and expand its value proposition while growing its footprint and scale to better serve Proximity and Health retail businesses offer significant opportunities for long-term growth and value creation. The company is on track to accelerate earnings growth in its retail division through organic expansion and by continually enhancing the value it provides to consumers across various formats and markets. Nomad Foods NOMD, which manufactures frozen foods, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. NOMD delivered a trailing four-quarter earnings surprise of 3.2%, on average. The Zacks Consensus Estimate for Nomad Foods' current financial-year earnings per share (EPS) indicates growth of 7% from the year-ago number. United Natural Foods UNFI, which is a distributor of natural, organic and specialty food in the United States, currently carries a Zacks Rank #2 (Buy). UNFI delivered a trailing four-quarter earnings surprise of 408.7%, on average. The Zacks Consensus Estimate for UNFI's current financial-year sales and EPS indicates growth of 1.9% and 488.6%, respectively, from the year-ago numbers. Utz Brands UTZ manufactures salty snacks under popular brands and has a Zacks Rank of 2 at present. UTZ delivered a trailing four-quarter average earnings surprise of 6.9%. The Zacks Consensus Estimate for UTZ's current financial-year sales and EPS implies growth of 1.4% and 10.7%, respectively, from the year-ago numbers. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fomento Economico Mexicano S.A.B. de C.V. (FMX) : Free Stock Analysis Report United Natural Foods, Inc. (UNFI) : Free Stock Analysis Report Nomad Foods Limited (NOMD) : Free Stock Analysis Report Utz Brands, Inc. (UTZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
19-05-2025
- Business
- Yahoo
FEMSA Announces Accelerated Share Repurchase Agreement
MONTERREY, Mexico, May 19, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ('FEMSA' or the 'Company') (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced that, as part of its ongoing efforts and consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it has entered into a derivative instrument known as an accelerated share repurchase ('ASR') agreement with a financial institution in the United States of America to repurchase Company's shares through the acquisition of American Depositary Shares ('ADS'). Under the terms of the ASR agreement, FEMSA has agreed to repurchase from such financial institution an aggregate amount of USD $250 million of its ADS1. The ASR contemplates an initial delivery of 483,559 ADSs on May 20, 2025. The total number of shares ultimately repurchased under the ASR agreement will be based on the daily volume-weighted average price of the Company's ADS during the term of the agreement, less a discount. The final settlement of the ASR agreement is expected to be completed, at the latest, in the third quarter of 2025. 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 though 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. _______________1 ADS underlying units consist of FEMSA's BD Units, each representing one Series B Share, two Series D-B Shares and two Series D-L Shares, without par value. CONTACT: Investor Contact (52) 818-328-6000 investor@ Media Contact (52) 555-249-6843 comunicacion@ 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
