|Bid||0.00 x 35700|
|Ask||0.00 x 1527200|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||139.79|
Mexican corporate credit quality will remain largely stable for most industry sectors through mid-2019, Moody's Investors Service says in a new report. "During the first year of the López Obrador government, we expect some policy inertia, particularly with regard to fiscal management, given the outgoing administration is preparing the 2019 draft budget," says Moody's analyst, Sandra Beltran. Possible changes to government energy policies do however heighten risks for PEMEX, Mexico's national oil company, Beltran says.
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.
Mexican bread-maker Bimbo on Saturday said that it had suspended some delivery routes in the violent state of Guerrero, the latest company to scale back its operations in what was once a glamorous tourist hub. To guarantee the security of its employees, Bimbo has temporarily suspended nine routes in the resort town of Acapulco, a spokesman told Reuters. The affected routes represent less than 1 percent of the company's distribution in Guerrero, the spokesman added.
Coca-Cola FEMSA SAB de CV (NYSE:KOF) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $69.25 and falling to theRead More...
An exclusive bottler of PepsiCo Inc. is halting operations in a Mexican town where it has become too dangerous to operate, almost three months after rival Coca-Cola Femsa did the same. The company, Grupo Gepp, suspended beverage-distribution operations in Ciudad Altamirano, about 170 miles (275 kilometers) southwest of Mexico City, “to guarantee the security of its people and its supply chain,” PepsiCo said in an emailed statement. In a separate statement, Grupo Gepp, which bottles and distributes beverages for PepsiCo in Mexico, said the closure was temporary.
Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime, saying on Monday it has faced security incidents along the roads used to transport personnel and materials to its Dolores mine. The Vancouver-headquartered company said it will maintain personnel at its open-pit Dolores silver mine in the border state of Chihuahua at levels necessary for site security and reduced operating activities. "We have been monitoring the situation, and with the recent incidents that have occurred along the access roads, we have determined the prudent course of action is to suspend personnel movements to and from the mine until the roads are safe for our employees," Michael Steinmann, the mining company's president and chief executive, said in a statement.
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.
The Mexico City-based company said it had profit of 61 cents per share. The bottling company posted revenue of $2.65 billion in the period. Coca-Cola FEMSA shares have dropped 7.5 percent since the beginning ...
Mexico's Coca-Cola Femsa , the world's largest Coke bottler, said on Wednesday a subsidiary had reached a deal to acquire a Guatemala-based Coke bottler and distributor for $124.6 million. Coca-Cola Femsa ...
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 (KOFL.MX), 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 organised crime. The firm, a joint venture between Fomento Economico Mexicano (Femsa) (FMSAUBD.MX) and Coca-Cola Co (KO.N), said it was shuttering operations at its 160-employee distribution centre 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.
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.
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...