|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||131.72|
Mexican conglomerate Femsa on Monday reported first-quarter growth, particularly in its Oxxo convenience stores near the U.S. border after President Andres Manuel Lopez Obrador this year raised wages and lowered taxes in the region. Net profit jumped nearly 1,000-fold, helped by an easy comparison with the same quarter a year before, when Femsa's Coca-Cola bottling unit suffered from the Mexican peso's appreciation against the U.S. dollar. For the January-March period, Femsa posted 2.2 billion pesos ($115 million) in net profit, up from just 2.3 million pesos a year earlier.
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Ratings agency Standard & Poor's (S&P) on Monday slashed the credit rating for Mexico's national oil company Petroleos Mexicanos, or Pemex, piling more pressure on the government to tighten up the debt-laden oil firm's finances. S&P followed the Pemex cut with lower credit outlooks for a range of major Mexican financial institutions and companies, including telecommunications giant America Movil and Coca-Cola Femsa, the world's largest Coke bottler.
Ratings agency Standard & Poor's on Monday slashed the stand-alone credit profile of Mexico's national oil company Pemex, piling more pressure on the government to tighten up the debt-laden state-owned oil firm's finances. S&P cut its stand-alone assessment of Petroleos Mexicanos, as Pemex is formally known, to 'B-' from 'BB-', reflecting growing concern that support pledged by the government to shore up the firm and its slowing production will not be enough. The agency also cut Pemex's outlook to negative from stable, just as it did for the Mexican government late on Friday.
Mexico's ubiquitous Oxxo stores, run by conglomerate Femsa, are grappling to control the escalating cost of accepting cash from the millions of Mexicans without bank accounts who rely on the chain for basic financial services, Femsa said on Thursday. On a call with analysts after reporting fourth-quarter results, Femsa Chief Executive Eduardo Padilla said the company would likely roll out a better system to manage the cash influx in about a year, in effort to ease the pressure on margins.
Mexican bottler and retailer Femsa expects the pace of Oxxo store openings this year to be in line with its openings last year, the company said in a call with analysts on Thursday. Femsa said in its earning ...
Mexican bottler and retailer Fomento Economico Mexicano reported an almost six-fold jump in fourth-quarter net profit on Wednesday, driven by more shopping at its vast Oxxo convenience store chain and growth in its fuel division. The conglomerate known as Femsa posted a 10.6 billion pesos ($539 million) net profit, compared with 1.8 billion pesos in the fourth quarter of 2017. Femsa said the results benefited from a favorable comparison with the previous fourth quarter, when earnings sank due to a change in the reporting of results for Femsa's Coca-Cola bottling unit in struggling Venezuela.
Mexican bottler and retailer Femsa said on Tuesday it will start selling popular national beers including Corona and Pacifico at its Oxxo stores, Mexico's biggest convenience store chain. Femsa's agreement to bring in the brands, with Anheuser Busch Inbev subsidiary Grupo Modelo, will take effect in April for certain Mexican markets, Femsa, or Fomento Economico Mexicano, said in a statement.
Mexican bottler and retailer Fomento Economico Mexicano, known as Femsa, said on Tuesday it will start selling Grupo Modelo beers at its Oxxo convenience stores. The agreement will begin in April, and ...
Shareholders of Mexico's Coca-Cola Femsa approved an eight-to-one stock split for each series of shares in the company, as well as a new Series B issuance, the company said in a statement on Thursday. ...