|Bid||85.99 x 800|
|Ask||86.04 x 800|
|Day's Range||85.64 - 87.34|
|52 Week Range||80.86 - 101.12|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||37.73|
|Forward Dividend & Yield||1.47 (1.63%)|
|1y Target Est||N/A|
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 ...
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.
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.
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.
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.
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.
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.
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.