Fomento Economico Mexicano (NYSE: FMX) — Company Overview, News & Financial Data
Fomento Economico Mexicano operates in retail and beverages, focusing on convenience stores and soft drink production.
Fomento Economico Mexicano
Fomento Economico Mexicano is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates through various commercial business divisions including Proximity Americas, which runs small-format convenience stores and related retail formats, and Proximity Europe, which operates convenience and foodvenience stores across European markets. The company also operates Coca-Cola FEMSA, the world's largest franchise bottler of Coca-Cola trademark beverages by sales volume. In addition, Fomento Economico Mexicano manages a Health Division operating drugstores, a Fuel Division operating service stations, and Spin, providing digital financial services and payment solutions.
Snapshot
Operations
Products and/or services of Fomento Economico Mexicano
- Convenience Retail: Operation of small-format retail stores across Latin America, offering everyday consumer products, prepared foods, beverage items, and bill payment services. The retail network spans tens of thousands of storefronts providing high-frequency commercial access in urban centers.
- Beverage Bottling: Production, distribution, and marketing of trademarked carbonated soft drinks, sparkling waters, teas, juices, and sports drinks across multiple Latin American territories, operating high-capacity bottling facilities and serving millions of points of sale annually.
- Health and Pharmacy: Operation of retail pharmacy chains and health-related distribution networks across multiple Latin American countries, providing prescription medications, over-the-counter pharmaceuticals, personal care products, and wellness merchandise through thousands of neighborhood drugstores.
- Fuel Retail: Management of retail service stations providing automotive fuels, lubricants, and vehicle maintenance services across primary commercial transport corridors and metropolitan areas, integrated with adjacent small-format retail storefronts.
- European Retail and Foodservice: Management of small-format convenience stores, kiosks, and quick-service food venues across European markets, offering prepared food items, coffee, tobacco, and daily essentials across high-foot-traffic transport hubs and urban locations.
- Digital Financial Services: Provision of digital wallet solutions, debit cards, loyalty rewards programs, and electronic payment processing services for retail consumers, facilitating seamless transactions, peer-to-peer transfers, and merchant payment integration across digital channels.
Fomento Economico Mexicano executive team
- Jose Antonio Vicente Fernandez CarbajalExecutive Chairman of the Board
- Jose Antonio Fernandez Garza-LagueraChief Executive Officer
- Martin Felipe Arias YanizChief Administration & Finance Officer
- Gerardo Estrada AttoliniChief Administration & Control Officer
- Juan F. FonsecaVice President of Investor Relations
- Alejandro Gil OrtizSecretary of the Board of Directors & General Counsel
- Sara Robles RomeroChief Human Resources Officer
- Alfonso Garza GarzaCEO of Negocios Estratégicos & Director
- Constantino Spas MontesinosCEO of Americas and Mobility Division
- Ian Marcel Craig GarcíaChief Executive Officer of Coca-Cola
Latest news about Fomento Economico Mexicano
Dividend history
Dividends per share paid by Fomento Economico Mexicano, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $5.6285 |
| FY2025 | — | — | — | $6.6852 |
| FY2024 | — | — | — | $3.0720 |
| FY2023 | — | — | — | $2.0840 |
| FY2022 | — | — | — | $1.6950 |
Key financials
Reported results for Fomento Economico Mexicano, in USD.
- Market cap
- 42.3B
- Revenue (TTM)
- 872.8B
- P/E ratio
- 8.8
- EPS (diluted, TTM)
- 14.1
- Dividend yield
- —
- Profit margin
- 3.6%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 46.6B | 4B | 1.1B | |
| 37.5B | 3.4B | 1.3B | |
| 702.7B | 57.9B | 65.7B | |
| 597B | 63.7B | 23.9B |