FEMSA Announces Third Quarter 2024 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, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2024. FEMSA: Total Consolidated Revenues grew 8.3% and Income from Operations increased 14.6% compared to 3Q23.FEMSA Retail1: Proximity Americas total Revenues grew 4.8% and Income from operations increased 5.9% versus 3Q23.DIGITAL: Spin by OXXO had 8.2 million active users2 representing 28.9% growth compared to 3Q23 while Spin Premia had 23.8 million active loyalty users2 representing 34.6% growth compared to 3Q23, and an average tender3 of 38.5%.COCA-COLA FEMSA: Total Revenues and Income from Operations grew 10.7% and 13.9%, respectively against 3Q23. Financial Summary for the Third Quarter 2024Change vs. comparable period Total RevenuesGross ProfitIncome from OperationsSame-Store Sales 3Q24YTD243Q24YTD243Q24YTD243Q24YTD24FEMSA Consolidated8.3%10.2%
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