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, S.A.B. de C.V. reports operating and financial developments for a Mexico-based beverage and retail group whose ADR trades as FMX. FEMSA's recurring updates cover OXXO small-format stores in Mexico and other Americas markets, fuel operations, Valora convenience and foodvenience formats in Europe, Health drugstores, Spin by OXXO and Spin Premia digital services, and its participation in Coca-Cola FEMSA.
FEMSA also announces segment-structure updates, quarterly results, conference-call notices, annual meeting materials, dividend actions, governance items and completed portfolio changes such as the assumption of full ownership of OXXO Brazil. These developments connect retail expansion, same-store sales, beverage bottling performance and capital-return decisions to FEMSA's public-company reporting.
Fomento Económico Mexicano (FMX) held its Annual Shareholders' Meeting on April 8, 2022, where key resolutions were approved. Shareholders accepted the consolidated financial statements for 2021 and the 2021 CEO's annual report. A cash dividend of Ps. 3.4000 per 'BD' Unit and Ps. 2.8300 per 'B' Unit was approved, payable in two installments on May 5 and November 7, 2022. Additionally, the maximum amount for the share repurchase program was set at Ps. 17,000 million, matching the 2021 approval. Board members for 2022 were also elected.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) announced its First Quarter 2022 Conference Call on May 2, 2022, at 9:00 AM ET. The quarterly results will be released before markets open on the same day. Participants can join via phone using the provided dial-in numbers. The call will be webcast live, and a replay will be available afterward. FEMSA operates in various sectors, including retail, beverage, and logistics, employing over 320,000 individuals across 13 countries. The company is recognized for its sustainability performance, being a member of notable sustainability indexes.
Fomento Económico Mexicano (FMX) has proposed an ordinary dividend of Ps. 11,358 million for 2022, reflecting a significant 48% and 10% increase from 2021 and 2020, respectively. This proposal, subject to approval at the Annual Shareholders' meeting on April 8, 2022, aligns with FEMSA's strong cash generation and promotes long-term business performance. The increase marks a return to historical dividend trends after a deviation in 2021.
FEMSA (NYSE: FMX) has successfully completed the acquisition of OK Market, a small-format store chain in Chile, after receiving regulatory approvals. This deal adds 134 new locations to FEMSA's existing proximity business, bringing the total to 258 stores in the region. The acquisition enhances FEMSA's scale as a proximity store operator in Chile, enabling better service for its consumers.
FEMSA reported its operational and financial results for 4Q and full year 2021, indicating a strong recovery from COVID-19 impacts. The company achieved consolidated revenues of 151.54 billion Ps, up 16.3% from 4Q20 and 14.6% from 4Q19. Gross profit reached 59.91 billion Ps, marking a growth of 15.2% vs. 4Q20. FEMSA’s CEO highlighted the return of consumer habits and strong margins due to efficiency improvements. Significant progress was noted in retail digital platforms and a 46% revenue increase in U.S. operations. The company is well-positioned for future growth.
FEMSA announces its Annual Ordinary Shareholders' Meeting on April 8, 2022, in Monterrey, Mexico. The meeting will enhance shareholder accountability by allowing individual director voting and aims to increase the influence of independent directors, reducing board size from 18 to 14-15 by 2023. Committees will also receive enhanced oversight roles, with independent directors making up 40% of the board. Governance priorities will focus on increasing board diversity and expertise in areas like Digital and E-commerce.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has rescheduled its Fourth Quarter and Full Year 2021 Conference Call to begin at 9:30 AM ET on February 28, 2022. The results will be released that morning before market opening. The call will feature key executives, including the CEO and other high-ranking officials. Participants can join via specific toll-free US and international numbers, with a conference ID provided. The call will also be streamed live, and a replay will be available later. FEMSA operates across retail, beverages, and logistics sectors with over 320,000 employees.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has announced the acquisition of Johnston Paper Company by its U.S. subsidiary, Envoy Solutions. This strategic move aims to enhance Envoy’s distribution capabilities in the Northeast, specifically expanding operations into Upstate New York. Johnston Paper generated over US$ 90 million in revenue over the last twelve months as of October 2021. The transaction awaits customary closing conditions and is anticipated to finalize in Q4 2021.
Fomento Económico Mexicano (FMX) announced its subsidiary, Envoy Solutions, will acquire Next-Gen Supply Group, expanding its distribution network into Massachusetts and Connecticut. This strategic acquisition is part of FEMSA's plan to create a leading national distribution platform in the U.S. Next-Gen reported revenues exceeding US$ 90 million in the past twelve months. The deal is expected to finalize in Q4 2021, pending customary conditions.
Fomento Económico Mexicano (NYSE: FMX) reported its financial results for Q3 2021, revealing revenues of 142,443 million Ps, up 12.6% from Q3 2020, and 9.2% versus Q3 2019. Gross profit reached 53,094 million Ps, a 9.4% increase year-over-year. The Health Division excelled in Chile while the Fuel Division benefited from improved vehicle mobility in Mexico. However, demand remains below pre-pandemic levels. CEO Eduardo Padilla expressed optimism about FEMSA's future and emphasized the company's solid position across its business units.