|Bid||163.46 x 230000|
|Ask||163.48 x 59700|
|Day's Range||163.21 - 167.87|
|52 Week Range||124.85 - 167.87|
|Beta (3Y Monthly)||0.19|
|PE Ratio (TTM)||36.02|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||203.58|
Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the fourth quarter. Among them, Amazon and Netflix ranked among the top 30 picks and both lost around 20%. Facebook, which was the second most popular stock, lost 14% amid uncertainty regarding the interest rates and tech valuations. […]
FEMSA (FMX) misses earnings estimates for third-quarter 2018 mainly due to gains from the sale of stakes in Heineken in the year-ago quarter. Further, currency headwinds hurt results.
Mexican bottler and retailer Fomento Economico Mexicano said on Friday that third-quarter revenue grew nearly 8 percent from a year earlier, driven by higher traffic at its Oxxo convenience store chain. Shares in the company, known as Femsa, were down around 1 percent in Friday afternoon trading. Femsa sold a roughly 5 percent stake in Heineken in September 2017 for about $3 billion.
The Monterrey, Mexico-based company said it had profit of 82 cents per share. Earnings, adjusted to account for discontinued operations, came to 72 cents per share. The Coca-Cola bottler posted revenue ...
Mexican bottler and retailer Fomento Economico Mexicano said on Friday its third quarter net profit fell nearly 86 percent compared with the year-earlier period. Net profit in the July-to-September period ...
MONTERREY, Mexico, Oct. 26, 2018 -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today its operational and financial results for.
FEMSA's (FMX) dismal surprise history and soft margins can be attributed to higher raw material costs. However, its growth initiatives are encouraging.
FEMSA's (FMX) strategic initiatives like store expansion, portfolio diversification and focus on core business position it for long-term growth. However, soft margins and higher costs remain hurdles.
Stroll the aisles of any Oxxo in Mexico and you will find the staples of convenience store sustenance: beer, cigarettes, enough candy to keep dentists at full employment. The retailer, with more than 17,000 locations throughout Mexico, has cracked two of the biggest barriers to online shopping in the developing world: payments and pickup. Shoppers lacking bank accounts - more than 60 percent of Mexico's population - can plunk down cash at their local Oxxo to make purchases from more than a thousand online merchants.
MONTERREY, Mexico, Oct. 02, 2018 -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) is pleased to invite you to participate in its Third Quarter.
FEMSA's (FMX) Socofar agrees to buy Corporacion GPF, based in Ecuador. The acquisition is likely to take its drugstore strategy to the next level, marking an entry in the Ecuadorian drugstore market.
Mexican bottler and retailer Fomento Economico Mexicano, or Femsa, said on Monday it had reached a deal to acquire Ecuadorean drugstore operator Corporacion GPF, without providing details about the transaction. Femsa, which controls Coca-Cola Femsa, the world's largest Coke bottler, and operates the OXXO convenience stores, said the acquisition was subject to regulatory approvals and was expected to close during the first quarter of 2019. Femsa will purchase Corporacion GPF through its majority-owned subsidiary Socofar, a Chile-based drugstore and distribution platform.
GPF is a leading drugstore operator based in Quito, Ecuador, with almost 90 years of solid trajectory, operating more than 620 points of sale nationwide mainly under the Fybeca and SanaSana banners. This transaction represents a new building block of FEMSA Comercio’s drugstore strategy in South America, following its successful acquisition of a controlling stake in the drugstore and distribution platform of Chile-based Socofar in 2015. Today’s announcement marks another important step for FEMSA Comercio as it brings its considerable retail expertise and Socofar’s deep industry knowledge to the Ecuadorian market and its more than 16 million consumers.
FEMSA (FMX) displays momentum, backed by initiatives and a robust surprise trend. However, near-term hurdles due to soft margins and higher input costs hurt sentiment.
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.