FMX Stock - Fomento Económico Mexicano, S.A.B. de C.V.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $890.08B | $685.68B | $581.76B | $562.57B | $456.33B |
| Gross Profit | $363.22B | $270.72B | $232.92B | $213.67B | $173.54B |
| Gross Margin | 40.8% | 39.5% | 40.0% | 38.0% | 38.0% |
| Operating Income | $80.23B | $55.97B | $62.44B | $52.73B | $39.63B |
| Net Income | $25.70B | $64.04B | $23.30B | $28.82B | $-1,786,569,000 |
| Net Margin | 2.9% | 9.3% | 4.0% | 5.1% | -0.4% |
| EPS | $739.40 | $1789.90 | $651.10 | $805.40 | $-49.90 |
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 19th 2025 | UBS | Upgrade | Buy | $111 |
| September 9th 2025 | Citigroup | Upgrade | Buy | $97 |
| August 19th 2025 | Morgan Stanley | Downgrade | Equal Weight | $97 |
| April 7th 2025 | Itau BBA | Upgrade | Outperform | - |
| January 21st 2025 | Barclays | Downgrade | Equal Weight | - |
| September 23rd 2024 | JP Morgan | Downgrade | Neutral | $109← $104 |
| February 26th 2024 | BofA Securities | Downgrade | Neutral | - |
| February 9th 2024 | HSBC Securities | Upgrade | Buy | $152← $124 |
| January 12th 2024 | UBS | Downgrade | Neutral | - |
| December 7th 2023 | Citigroup | Initiation | Neutral | - |
| November 7th 2023 | Itau BBA | Downgrade | Market Perform | $127 |
| October 30th 2023 | Barclays | Upgrade | Overweight | $130← $115 |
| June 7th 2023 | HSBC Securities | Upgrade | Hold | $112← $84 |
| March 3rd 2023 | Barclays | Downgrade | Equal Weight | $100 |
| May 5th 2022 | HSBC Securities | Downgrade | Reduce | $68 |
Earnings History & Surprises
FMXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $1.50 | — | — | — |
Q4 2025 | Oct 28, 2025 | $1.06 | $0.88 | -17.0% | ✗ MISS |
Q3 2025 | Jul 28, 2025 | $0.91 | $0.42 | -53.8% | ✗ MISS |
Q2 2025 | Apr 28, 2025 | $0.52 | $0.45 | -13.5% | ✗ MISS |
Q1 2025 | Mar 21, 2025 | — | $1.44 | — | — |
Q4 2024 | Oct 28, 2024 | $1.06 | $1.37 | +29.2% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $0.07 | $1.87 | +2474.3% | ✓ BEAT |
Q2 2024 | Apr 26, 2024 | $0.06 | $0.47 | +708.4% | ✓ BEAT |
Q1 2024 | Mar 22, 2024 | $1.61 | $0.09 | -94.4% | ✗ MISS |
Q4 2023 | Oct 27, 2023 | $1.16 | $1.75 | +50.9% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $1.21 | $1.64 | +35.5% | ✓ BEAT |
Q2 2023 | Apr 28, 2023 | $0.76 | $1.16 | +52.6% | ✓ BEAT |
Q1 2023 | Feb 24, 2023 | $1.28 | $0.69 | -46.1% | ✗ MISS |
Q4 2022 | Oct 28, 2022 | $1.25 | $1.49 | +19.2% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $1.04 | $1.10 | +5.8% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $0.94 | $0.67 | -28.7% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $1.13 | $0.91 | -19.5% | ✗ MISS |
Q4 2021 | Oct 28, 2021 | $0.88 | $1.92 | +118.2% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $0.94 | $0.43 | -54.3% | ✗ MISS |
Latest News
FEMSA shares are trading higher after the company initiated a $260M accelerated share repurchase.
📈 PositiveFEMSA Agrees To $260M ADS Repurchase Program
📈 PositiveFomento Economico Q3 EPS $0.38 Misses $1.06 Estimate, Sales $11.525B Beat $11.230B Estimate
➖ NeutralUBS Upgrades Fomento Economico to Buy, Lowers Price Target to $111
📈 PositiveReported Earlier, FEMSA Appoints Jose Antonio Fernández Garza-Lagüera As CEO Effective November 1, 2025 Following Board Succession Process
➖ NeutralMorgan Stanley Downgrades Fomento Economico to Equal-Weight, Lowers Price Target to $97
📉 NegativeFrequently Asked Questions about FMX
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