|Bid||121.57 x 35700|
|Ask||121.68 x 1527200|
|Day's Range||119.91 - 124.93|
|52 Week Range||119.91 - 161.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
FEMSA (FMX) is losing momentum on grounds of dismal surprise history. However, its focus on strategic initiatives can help it steer through the storm.
VALENCIA, Venezuela/CARACAS (Reuters) - When Colgate-Palmolive Co's Venezuelan unit in January raised the price of laundry detergent to keep up with inflation that hit 85 percent the month before, it drew a swift rebuke from the government of President Nicolas Maduro, which demanded a nearly 90 percent price cut. Price control agency Sundde ordered a reduction of the price of a one-litre container of Vel Rosa detergent to the equivalent of $0.16 from $1.40, according to union leaders and company employees. In response, Colgate shut the plant that produces it, according to a Feb. 2 letter to Sundde seen by Reuters, saying that operations would be unsustainable on those terms.
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.
Coca-Cola Femsa reported on Thursday a net loss of 24.24 billion pesos in the fourth quarter, hampered by a change in the reporting of its results in Venezuela. Coke Femsa, the world's largest Coke bottler, ...
If you are an income investor, then Coca-Cola FEMSA SAB de CV (NYSE:KOF) should be on your radar. Coca-Cola FEMSA, S.A.B. de C.V., a franchise bottler, produces, markets, distributes, andRead More...
Announcement: Moody's: Stable Outlook for Latin America Consumer and Retail Industry. Global Credit Research- 15 Dec 2017. Buenos Aires City, December 15, 2017-- The outlook for consumer-dependent retailers ...
Coca-Cola FEMSA SAB de CV (NYSE:KOF) is trading with a trailing P/E of 20x, which is lower than the industry average of 23.8x. While KOF might seem like an attractiveRead More...
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.
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 ...
Mexican bottler and retailer Fomento Economico Mexicano reported on Thursday a 385 percent surge in third quarter net profit to 32.4 billion pesos after selling a 2.5 billion euros stake in Heineken. The ...
Mexico's Coca-Cola Femsa , the world's largest Coke bottler, said on Wednesday its third-quarter net profit surged 39.2 percent from the year-earlier period, as sales increased. Femsa, which operates in Mexico, Central America, Colombia, Brazil, Argentina and a number of other countries, said in a filing on Mexico's stock exchange that it posted a quarterly net profit of 3.15 billion pesos ($173.4 million).
Mexico's Coca-Cola Femsa , the world's largest Coke bottler, said on Wednesday it posted a third quarter net profit of 3.15 billion pesos , a 39.2 percent increase over the year earlier quarter, as sales ...
Mexican bottler and retailer Fomento Economico Mexicano on Tuesday named veteran executive Eduardo Padilla as the firm's next chief executive officer effective next year, the company said in a statement. ...
Zacks.com featured highlights: Coca-Cola FEMSA, Banco Bilbao Vizcaya Argentaria, Lantheus Holdings, Gilead Sciences and Lam Research
Zacks.com featured highlights: Baxter International, Coca-Cola FEMSA, S.A.B. de C.V., Banco Bilbao Vizcaya Argentaria, Fibria Celulose S.A. and Teekay Offshore Partners
Coca-Cola FEMSA (KOF) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
Shares in Mexican bottler and retailer Fomento Economico Mexicano (Femsa) fell on Tuesday after it reported a drop in quarterly profits, hurt by rising costs. Femsa said its second-quarter net earnings fell 4.4 percent year-on-year to 4.657 billion pesos ($257 million). The Monterrey-based company controls the world's biggest Coke bottler, Coca-Cola Femsa.
On a per-share basis, the Mexico City-based company said it had profit of 58 cents. The bottling company posted revenue of $2.7 billion in the period. Coca-Cola FEMSA shares have risen 43 percent since ...