Welcome to our dedicated page for Fomento Mexicano news (Ticker: FMX), a resource for investors and traders seeking the latest updates and insights on Fomento Mexicano stock.
Fomento Económico Mexicano (FEMSA) (NYSE: FMX) is a leading multinational corporation with core operations in beverage bottling and retail convenience stores. This page provides investors and stakeholders with centralized access to official press releases, financial disclosures, and strategic updates from one of Latin America's most diversified consumer companies.
Track FEMSA's latest developments across its global Coca-Cola bottling network, OXXO convenience store expansions, digital finance initiatives, and health retail ventures. Our curated news feed delivers timely updates on earnings reports, partnership announcements, operational milestones, and leadership changes.
Key coverage areas include quarterly financial results, supply chain innovations, market expansion strategies, and sustainability initiatives. All content is sourced directly from company filings and verified news outlets to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for continuous access to FEMSA's evolving business narrative. Monitor critical updates through our organized news timeline, designed to help investors make data-driven decisions about this NYSE-listed industry leader.
FEMSA (NYSE: FMX) has announced its upcoming First Quarter Conference Call scheduled for Monday, April 28, 2025 at 10:00 AM Eastern Time (8:00 AM Mexico City Time). The quarterly financial results will be released before markets open on the same day.
Investors and analysts can participate through toll-free US number (866) 580-3963 or internationally at +1 (786) 697-3501 using Conference ID: FEMSA. The call will also be available via live audio webcast, with replay access provided through the company's investor relations website at http://ir.femsa.com.
FEMSA (NYSE: FMX) held its Annual Shareholders' Meeting on April 11, 2025, where shareholders approved key financial and operational decisions. The meeting resulted in the approval of consolidated financial statements for 2024, the CEO's annual report, and Board of Directors' opinion.
The company announced two significant dividend payments:
- An ordinary cash dividend of Ps. 0.95475 per Series 'D' share and Ps. 0.7638 per Series 'B' share (equivalent to Ps. 45.826 per ADS)
- An extraordinary cash dividend of Ps. 2.1060 per Series 'D' share and Ps. 1.6848 per Series 'B' share (equivalent to Ps. 101.084 per ADS)
Both dividends will be paid in four equal installments on April 25, July 18, October 17, 2025, and January 16, 2026. The meeting also confirmed new appointments to the Board of Directors, Audit Committee, Corporate Practices and Nominations Committee, and Operations and Strategy Committee for 2025.
FEMSA (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) has announced its upcoming Annual Ordinary Shareholders' Meeting, scheduled for April 11, 2025, in Monterrey, Nuevo Leon, Mexico.
The company has made available the formal meeting call and detailed proposals for all agenda items on their website. These materials include information about nominees for FEMSA's Board of Directors and various committees, including the Audit, Corporate Practices and Nominations, and Operations and Strategy committees.
FEMSA (NYSE: FMX) reported strong Q4 and full-year 2024 results, with total consolidated revenues growing 12.8% and income from operations increasing 31.5% compared to Q4 2023.
Key highlights include:
- Proximity Americas revenues up 13.2% with operating income growth of 18.7%
- Coca-Cola FEMSA revenues increased 14.3% with operating income up 25.0%
- Spin by OXXO reached 8.6 million active users (24.9% growth)
- Spin Premia achieved 24.6 million active loyalty users (27.5% growth)
The company demonstrated margin expansion across major divisions including Proximity Americas, Coca-Cola FEMSA, Proximity Europe, and Fuel. FEMSA implemented record capital returns through dividends and share repurchases in 2024, with plans to accelerate this in 2025-2026. The company has initiated a CEO succession process while noting challenging consumer conditions in key markets, particularly Mexico.
FEMSA (NYSE: FMX) has announced its upcoming Fourth Quarter and Full Year 2024 financial results conference call, scheduled for Thursday, February 27, 2025, at 10:00 AM Eastern Time (9:00 AM Mexico City Time). The quarterly results will be released before markets open on the same day.
The company will host a conference call accessible via toll-free number for US participants and an international dial-in option. A live webcast of the call will be available through streaming audio, and a replay will be accessible on FEMSA's investor relations website.
FEMSA (NYSE: FMX) has successfully completed the divestiture of its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for 3,165 million pesos on a cash-free, debt-free basis. The transaction, which was previously announced on October 28, 2024, has now been finalized. AMMI is a diversified that specializes in non-GMO corn production and sustainable plastic packaging.
Mill Point Capital has completed its acquisition of AeriTek Global from FEMSA (NYSE: FMX) through a corporate carve-out transaction. The deal involves FEMSA's commercial refrigeration and foodservice equipment businesses, operating as Imbera and Torrey. This transaction establishes AeriTek as an independent manufacturer, designer, and distributor of commercial refrigeration and foodservice equipment products. Mill Point Capital, based in New York City, has demonstrated expertise in complex transactions, having completed 17 corporate divestitures.
FEMSA (NYSE: FMX) has successfully completed the previously announced divestiture of its refrigeration and foodservice equipment operations, Imbera and Torrey, to Mill Point Capital The transaction, which was initially disclosed on July 17, 2024, has been concluded for a total amount of 8,000 million pesos on a cash-free, debt-free basis.
FEMSA (NYSE: FMX) has announced a definitive agreement to sell its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for 3,165 million pesos on a cash-free, debt-free basis. The transaction, which is part of the FEMSA Forward plan announced in February 2023, is subject to regulatory approvals and other customary conditions. The deal is expected to close in the coming months.
FEMSA reported strong Q3 2024 results with total consolidated revenues growing 8.3% and income from operations increasing 14.6% compared to Q3 2023. Proximity Americas saw revenue growth of 4.8%, while Coca-Cola FEMSA achieved 10.7% revenue growth and 13.9% operating income growth. Digital services showed significant user base expansion, with Spin by OXXO reaching 8.2 million active users (28.9% growth) and Spin Premia reaching 23.8 million active loyalty users (34.6% growth). Despite a soft consumer environment, particularly in Mexico, most business units delivered encouraging results with revenue growth and margin expansion.
