Fomento Económico Mexicano, S.A.B. de C.V.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jose Antonio Fernandez Garza-Laguera
- Full Time Employees
- 394,010
- Sector
- Consumer Defensive
- Industry
- Beverages - Alcoholic
- Address
- General Anaya Nº 601 Pte. Monterrey NL Mexico 64410
- IPO Date
- May 11, 1998
- CIK
- 0001061736
- Website
- femsa.com
- Similar Companies
- Business
- Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) operates as a multinational holding company primarily engaged in the beverage and retail sectors across Latin America. Its core business activities are conducted through its subsidiaries: Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in Latin America, which manufactures, markets, and distributes a broad portfolio of Coca-Cola trademark beverages including soft drinks, bottled water, and juices in countries such as Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay; FEMSA Comercio, which operates the OXXO chain of convenience stores—one of the largest retail chains in Latin America with over 19,500 stores across Mexico, Colombia, Peru, Chile, Brazil, and the United States—and additional retail formats including drugstores under brands such as Cruz Verde, Fybeca, Sana Sana, YZA, La Moderna, and Farmacon in Chile, Colombia, Ecuador, and Mexico; OXXO Gas service stations retailing fuels and automotive products in Mexico; and Strategic Businesses providing logistics, refrigeration equipment, plastics solutions, and electronic transaction services under the Spin brand. Founded in 1890 and headquartered in Monterrey, Mexico, FEMSA also operates small-format retail and food service stores in Europe under brands including k kiosk and Brezelkönig. Recent major developments include strong financial growth with total consolidated revenue increasing by 12.8% and operating income rising by 31.5% in the fourth quarter of 2024, driven by operational efficiencies and organic growth across its business units. FEMSA expanded its OXXO stores footprint by adding 205 net new locations in Q4 2024, particularly focusing on growth in high-potential markets such as Colombia and Brazil while optimizing presence in Chile and Peru. The company's Health Division reported significant revenue and margin improvements with revenue up 13.3% and same-store sales growth of 9.4%. In 2024, FEMSA strategically deployed approximately MXN 44.8 billion in shareholder returns, funded by divestitures and debt repurchases, with plans to continue substantial shareholder returns through 2025 and 2026 while targeting a net debt-to-EBITDA leverage ratio of 2 times. FEMSA also engaged in tender offers repurchasing approximately $1.7 billion in bonds, reinforcing its financial discipline and capital allocation strategy. FEMSA's business segments span beverage production and distribution, retail convenience stores, fuel retail services, drugstore operations, and logistics solutions, positioning it as a diversified industrial conglomerate in Mexico and Latin America with total revenue surpassing $43 billion in 2024. The company serves over 2.5 million retail points through a distribution network of 57 centers operating in Mexico and other Latin American countries, employing over 260,000 people. FEMSA remains focused on expanding its retail footprint, enhancing operational efficiency, innovating product offerings, and maintaining leadership positions across its core markets while continuing to drive sustainable growth and shareholder value.
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