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FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. - $FMX STOCK NEWS

Welcome to our dedicated page for FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. news (Ticker: $FMX), a resource for investors and traders seeking the latest updates and insights on FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V.'s position in the market.

News
FEMSA Announces First Quarter 2024 Results
Rhea-AI Summary

FEMSA Announces First Quarter 2024 Results

FEMSA reported strong operational and financial results for the first quarter of 2024. Total Consolidated Revenues grew by 11.3% compared to the same period last year. FEMSA Retail's Proximity Americas total Revenues increased by 15.1%. The digital segment, including Spin by OXXO and Spin Premia, showed impressive growth in active users and loyalty users. Coca-Cola FEMSA also saw growth in total volume and revenues. CEO José Antonio Fernandez Carbajal expressed confidence in the company's performance and outlined positive developments across various business segments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
Tags
earnings
-
News
FEMSA Files 2023 SEC Annual Report
Rhea-AI Summary
FEMSA, a Mexican company, has filed its 2023 SEC annual report, with detailed financial information available for shareholders. The report includes audited financial statements and is accessible on FEMSA's investor relations website. Shareholders can request a hard copy for free.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
none
-
News
FEMSA Schedules Conference Call to Discuss First Quarter Financial Results
Rhea-AI Summary
FEMSA, also known as Fomento Económico Mexicano, schedules a conference call to discuss its first-quarter financial results. The call will take place on April 26, 2024, at 11:00 AM Eastern Time. The company invites participants to join the call and provides dial-in details for both US and international attendees. The quarterly results will be released before the markets open on the same day, with a live webcast available for those unable to participate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.8%
Tags
earnings
News
FEMSA Shareholders’ Meeting Resolutions
Rhea-AI Summary
FEMSA holds Annual Shareholders' Meeting, elects new directors, and approves dividends for 2024. The company declared ordinary and extraordinary cash dividends to be paid in installments throughout 2024 and 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
none
-
News
FEMSA Announces Accelerated Share Repurchase Agreement
Rhea-AI Summary
FEMSA announces an accelerated share repurchase agreement to repurchase $400 million of its American Depositary Shares, enhancing capital returns to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
buyback
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News
FEMSA Forward - Focused Leadership in Retail, Beverages & Digital
Rhea-AI Summary
FEMSA announces a redefined corporate organization and senior leadership changes. The company is implementing changes in its corporate organization as part of its commitment to the FEMSA Forward strategy. Francisco Camacho Beltrán and Eugenio Garza y Garza will step down from their roles as Chief Corporate Officer and Chief Financial Officer, respectively, with Martin Arias Yaniz appointed as the new CFO. The PR highlights the significant contributions of the outgoing executives and outlines the transition plan for a seamless handover.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.96%
Tags
none
News
FEMSA Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
FEMSA (FMX) reported positive financial results for Q4 and full year 2023, with total consolidated revenues growing by 4.6% and various segments showing revenue increases. Despite strong revenues, the company faced challenges such as increased labor costs in Mexico and specific business situations affecting profitability. FEMSA highlighted the growth in Proximity Americas and Coca-Cola FEMSA, as well as the strategic initiatives to reach leverage objectives in the coming years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.96%
Tags
earnings
-
News
FEMSA Announces the date for its Annual Shareholders’ Meeting
Rhea-AI Summary
FEMSA announces its Annual Ordinary Shareholders’ Meeting on March 22, 2024, in Monterrey, Mexico. The meeting will cover various agenda items, including the nomination of individuals to FEMSA's Board of Directors and committees. Detailed proposals and biographies are available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.12%
Tags
none
-
News
FEMSA Forward - Focused Leadership in Retail, Beverages & Digital
Rhea-AI Summary
FEMSA announces a revamped capital allocation strategy to enhance long-term intrinsic per-share value. Plans include significant investments in core growth initiatives, with a focus on Mexico, alongside returning capital to shareholders. The strategy aims to prioritize organic investments, inorganic opportunities meeting strict financial criteria, and a capital return framework targeting approximately six percent of FEMSA's market value over the next few years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.12%
Tags
none
News
FEMSA Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
FEMSA invites you to participate in its Fourth Quarter and Full Year 2023 Conference Call on February 23, 2024. The quarterly results will be released before markets open, and the conference call will be webcast live through streaming audio. Participants can dial in or access the replay on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
earnings
Stock FMX logo
FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V.

NYSE:FMX

FMX Rankings

#41 Ranked by Market Cap
#403 Ranked by Stock Gains
#2119 Ranked by Dividends

FMX Stock Data

213.60B
3.30B
34.95%
0.09%
Soft Drink Manufacturing
Manufacturing
Link
United States of America
Monterrey

About FMX

Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the largest convenience store chain in Mexico.