|Bid||181.19 x 230000|
|Ask||181.13 x 59700|
|Day's Range||179.53 - 182.93|
|52 Week Range||124.85 - 182.93|
|PE Ratio (TTM)||16.56|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
FEMSA (FMX) tops earnings and sales estimates in second-quarter 2018, driven by currency tailwinds as well as growth across all three divisions of FEMSA Comercio.
Net profit was 8.796 billion pesos ($442.6 million), up from 4.657 billion pesos a year earlier, driven by "a non-cash foreign exchange gain," the company said. Same-store sales at its ubiquitous Oxxo convenience stores increased 3.0 percent in the second quarter, and the company opened 483 net new stores. At the end of June, Femsa had a total of 17,246 Oxxo stores.
FEMSA (FMX) witnesses mixed sentiments as investors are concerned about its dismal surprise history while its strategic initiatives reflect potential.
FEMSA's (FMX) dismal earnings and sales surprise trend has been hurting the stock's performance. However, its strategic initiatives bode well.
Shifting preference for healthier drinks has seen the carbonated soft drink market shrinking for 13 consecutive years now. Last year, bottled water accounted for $24.1 billion in sales.
FEMSA's (FMX) top and bottom lines lag estimates in first-quarter 2018. However, the top line improves year over year and margins rise across all segments.
Latin American stocks rose on Thursday, helped by solid earnings and corporate news in Mexico and Brazil while the region's currencies edged back from recent losses. Mexico's S&P/BMV IPC stock index rose ...
Mexican bottler and retailer Fomento Economico Mexicano said on Thursday it will expand a pilot program that uses its ubiquitous Oxxo convenience stores as package pick-up points for Amazon.com Inc. "We are in the process of taking the number of stores that are part of the Amazon pilot to a significantly bigger scale," Juan Fonseca, investor relations director for the company known as Femsa, said in a call with analysts. Shares of Femsa were up more than 4 percent to a high of 179.79 pesos despite results that showed net profit plunged to 2.02 million pesos ($110,692) in the first quarter from 3.29 billion pesos in the year-earlier period.
Mexican bottler and retailer Fomento Economico Mexicano said on Thursday first-quarter net profit fell 78 percent, hurt by an increase in the value of the Mexican peso versus the U.S. dollar. Net profit ...
FEMSA (FMX) gains on strategic actions like store expansion, portfolio diversification and focus on core business. However, near-term headwinds like dismal surprise trend and soft margins are concerns.
FEMSA (FMX) displays a solid momentum, backed by strategic initiatives. However, near-term headwinds related to soft top- and bottom-line results and strained margins cannot be ignored.
Mexico's Coca-Cola Femsa , the world's largest Coke bottler, said on Friday it had decided to indefinitely shut down operations in a town in southwestern Mexico after being crippled by violence and organized crime. The firm, a joint venture between Fomento Economico Mexicano (Femsa) and Coca-Cola Co, said it was shuttering operations at its 160-employee distribution center in Ciudad Altamirano in Guerrero state. "The lack of conditions necessary to operate in an efficient and safe way in this area of the state of Guerrero, as well as the recent unwarranted aggression towards one of our workers, led to the company taking this decision," Coca-Cola Femsa said in a statement.
FEMSA (FMX) is losing momentum on grounds of dismal surprise history. However, its focus on strategic initiatives can help it steer through the storm.
Fomento Economico Mexicano S.A.B. de C.V. (FMX), alias FEMSA, reported lower-than-expected results for fourth-quarter 2017 with both the top and the bottom lines lagging estimates.
Mexican bottler and retailer Fomento Economico Mexicano (Femsa) on Tuesday said its net profit fell more than 70 percent in the fourth quarter, hit by the revaluation of assets in its Venezuelan Coca-Cola bottling operation. Net profit in the October-December period was more than 1.83 billion pesos ($93 million), down from nearly 6.7 billion pesos in the same period of 2016. Femsa controls Coca-Cola Femsa, the world's largest Coke bottler, which reported a $1.2 billion net loss in the fourth quarter, hampered by a change in the reporting of its results in Venezuela.
FEMSA (FMX) remains plagued with soft margins for over a year. Moreover, the company cautious outlook for fourth-quarter 2017 and 2018 remain constraints.
Fomento Economico Mexicano, S.A.B. de C.V. (FMX), alias FEMSA, has regained its position in investors' books after a solid third-quarter 2017, which marked a turnaround in the company's dismal surprise trend.
Fomento Economico Mexicano S.A.B. de C.V. (FMX), alias FEMSA, has been witnessing significant surge since reporting a robust third-quarter 2017 that marked a turnaround in the company's dismal earnings trend over the past few quarters.
Mexican bottler and retailer Fomento Economico Mexicano (Femsa) said on Friday it could see a slowdown in sales in the fourth quarter and in 2018 as high inflation, concerns over trade talks and an upcoming election dampen consumer appetite. In a Friday conference call with analysts, Eduardo Padilla, Femsa's corporate and finance director, said consumption could take a hit thanks to inflation, which at close to 6 percent on an annualized basis, is already well above the central bank's 3 percent target. "Inflation has hurt real wage increases and consumer sentiment.
On a per-share basis, the Monterrey, Mexico-based company said it had net income of $5. The Coca-Cola bottler posted revenue of $6.44 billion in the period. Fomento Economico shares have climbed 20 percent ...
Mexican bottler and retailer Fomento Economico Mexicano reported on Thursday a nearly four-fold surge in third-quarter net profit after selling a 5.24 percent stake in Dutch beer company Heineken NV. The ...