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.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has submitted its annual report on Form 20-F for the fiscal year ending December 31, 2020, to the U.S. SEC and the Mexican authorities. These reports are accessible on FEMSA's investor relations website. Shareholders can also request a hard copy of the report, including audited financial statements, free of charge. FEMSA operates in retail, beverage, and beer sectors, employing over 320,000 individuals across 13 countries and is recognized in various sustainability indices.
Fomento Económico Mexicano (FMX) will host its Q1 2021 Conference Call on April 29, 2021, at 10:00 AM ET. The results will be released before market open on the same day. The call will feature executives including Francisco Camacho and Eugenio Garza y Garza. For participation, dial (800) 289 0438 (US toll-free) or +1 (323) 794 2423 (international) using Conference ID: 4762020. A live webcast will be accessible through FEMSA's investor relations page.
On March 31, 2021, NW Synergy has rebranded itself as Envoy Solutions, reflecting its mission as a national leader in janitorial supply and distribution. The company operates 37 distribution centers and employs nearly 2,000 staff, serving over 36,000 customers. Envoy Solutions consolidates various distribution companies under its umbrella, including WAXIE Sanitary Supply and North American Corporation. The rebranding aims to build a cohesive national platform while honoring the legacy of its regional brands. Envoy Solutions is supported by FEMSA (NYSE: FMX).
Fomento Económico Mexicano S.A.B. de C.V. (FMX) held its Annual Ordinary General Shareholders Meeting on March 24, 2021. Key approvals included consolidated financial statements for 2020, dividend declarations of Ps. 0.4792 per Series 'D' share and Ps. 0.3833 per Series 'B' share, totaling Ps. 23.0000 per ADS, payable in two installments on May 6 and November 5, 2021. Additionally, shareholders approved a share repurchase program with a maximum of Ps. 17,000 million, the same as 2020. The meeting further included the reelection of Board members.
Fomento Económico Mexicano (FEMSA) announced a proposed ordinary dividend of Ps. 7,687 million for 2021, subject to shareholder approval at the annual meeting on March 24, 2021. This dividend reflects a decrease of 25.8% from the previous year, illustrating a cautious strategy following a difficult year impacted by the global pandemic, which reduced cash flow from various investments and operations.
Fomento Económico Mexicano (FMX) released its financial results for Q4 and FY2020, showing a consolidated revenue drop of 1.5% and a full year decline of 2.7% compared to the previous year. The gross profit decreased by 0.1% in Q4 and 1.0% for the year. Despite challenges from COVID-19, the Health Division saw a significant increase in operating income, particularly in Chile and Mexico. Coca-Cola FEMSA achieved double-digit growth in operating income, highlighting resilience amidst market challenges.
Fomento Económico Mexicano (FMX) invites participants to its Fourth Quarter and Full Year 2020 Conference Call on March 1, 2021, at 10:00 AM ET. The call will feature executives including Francisco Camacho and Eugenio Garza y Garza. Quarterly results will be released on the same date before market opening. For participation, dial (888) 394 8218 in the U.S. or +1 (323) 701 0225 internationally with Conference ID 2139686. The conference will also be broadcast live online.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) announced its subsidiary FEMSA Comercio's agreement to acquire the OK Market store chain from SMU, S.A. for approximately CLP $43,500 million. The acquisition will enhance FEMSA's operations in Chile, where OK Market operates over 120 locations and reported sales exceeding CLP $50,000 million in 2019. The deal is subject to due diligence and regulatory approvals, with an expected closure in 2021.
Fomento Económico Mexicano (FEMSA) invites participants to its Third Quarter 2020 Conference Call on October 29, 2020, at 11:00 AM ET. CEO Eduardo Padilla will discuss the company's financial results, set to be released on October 28 after market close. The call will include a Q&A session, and interested parties can join via dial-in or webcast. FEMSA operates in retail through OXXO, Coca-Cola bottling, beer as a shareholder of HEINEKEN, and logistics, employing over 320,000 staff across 13 countries.
Fomento Económico Mexicano (FMX) released its Q2 2020 financial results, revealing a significant decline in revenues and profits attributed to COVID-19 impacts. Revenues dropped by 10.7% year-over-year, while gross profit decreased by 9.1%. The fuel division faced the hardest hit with a staggering 48.6% drop in revenues. Despite challenges, the Health Division showed resilience, achieving a 2.5% increase in revenue. CEO Eduardo Padilla noted a slow recovery ahead, emphasizing ongoing safety measures and the company’s adaptability in the face of economic uncertainties.
