FEMSA Announces First Quarter 2020 Results
Fomento Economico Mexicano S.A.B. de C.V. (FMX)
Last fomento economico mexicano s.a.b. de c.v. earnings: 10/26 05:05 pm
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US:NYSE Investor Relations:
ir.femsa.com
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Source: GlobeNewswire
MONTERREY, Mexico, April 30, 2020 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today its operational and financial results for the first quarter of 2020. FINANCIAL HIGHLIGHTS: 5.5% revenue growth (2.7% on an organic1 basis) at FEMSA Consolidated30 basis points operating margin expansion at FEMSA Comercio’s Proximity Division19.9% revenue growth (-0.9% on an organic1 basis) at FEMSA Comercio’s Health Division5.1% volume growth in Coca-Cola FEMSA operations in South AmericaRobust balance sheet; positions FEMSA well amid current economic environment FINANCIAL SUMMARY FOR THE FIRST QUARTER OF 2020Change vs. same period last year Revenues Gross Profit Income from Operations Same-Store Sales FEMSA CONSOLIDATED 5.5% 7.1% 6.0% FEMSA COMERCIO Proximity Division 10.6% 15.0% 15.4%
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