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Complete financial analysis of Fomento Económico Mexicano, S.A.B. de C.V. (FMX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fomento Económico Mexicano, S.A.B. de C.V., a leading company in the Beverages – Alcoholic industry within the Consumer Defensive sector.
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Fomento Económico Mexicano, S.A.B. de C.V. (FMX)
About Fomento Económico Mexicano, S.A.B. de C.V.
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 702.69B | 673.20B | 556.26B | 492.97B | 506.71B | 469.74B | 460.46B | 399.51B | 311.59B | 263.45B | 258.10B | 238.31B | 203.04B | 169.70B | 197.03B | 168.02B | 147.56B | 126.43B | 105.58B | 93.96B | 75.89B | 52.95B | 49.54B | 45.45B | 38.63B | 33.53B | 24.58B | 26.54B | 21.73B |
| Cost of Revenue | 423.19B | 421.53B | 342.55B | 303.31B | 315.23B | 294.57B | 290.19B | 251.30B | 188.41B | 153.28B | 148.44B | 137.01B | 118.01B | 98.73B | 106.20B | 90.40B | 79.80B | 67.94B | 56.20B | 49.97B | 39.37B | 26.37B | 24.30B | 22.71B | 19.77B | 18.37B | 13.45B | 15.64B | 12.79B |
| Gross Profit | 279.51B | 251.67B | 213.71B | 189.65B | 191.48B | 175.17B | 170.27B | 148.20B | 123.18B | 110.17B | 109.65B | 101.30B | 85.04B | 70.97B | 90.84B | 77.62B | 67.76B | 58.49B | 49.39B | 43.99B | 36.52B | 26.58B | 25.24B | 22.74B | 18.86B | 15.16B | 11.13B | 10.90B | 8.94B |
| Gross Profit Ratio | 39.78% | 37.38% | 38.42% | 38.47% | 37.79% | 37.29% | 36.98% | 37.10% | 39.53% | 41.82% | 42.49% | 42.51% | 41.88% | 41.82% | 46.10% | 46.20% | 45.92% | 46.26% | 46.78% | 46.82% | 48.12% | 50.20% | 50.95% | 50.03% | 48.82% | 45.21% | 45.30% | 41.07% | 41.13% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 32.31B | 34.49B | 27.22B | 22.99B | 19.93B | 17.46B | 17.12B | 14.97B | 11.93B | 10.28B | 10.07B | 9.55B | 8.25B | 7.77B | 11.11B | 9.53B | 9.19B | 8.40B | 7.09B | 6.62B | 5.74B | 4.66B | 4.81B | 4.14B | 3.28B | 2.60B | 1.92B | 2.22B | 2.05B |
| Selling & Marketing | 188.73B | 157.34B | 134.08B | 123.41B | 121.87B | 114.57B | 111.46B | 95.55B | 76.38B | 69.02B | 69.57B | 62.09B | 49.88B | 40.68B | 52.72B | 45.41B | 39.00B | 32.70B | 26.72B | 23.63B | 18.70B | 12.51B | 12.71B | 11.54B | 9.59B | 7.89B | 5.70B | 6.15B | 5.06B |
| SG&A | 221.04B | 191.83B | 161.30B | 146.39B | 141.80B | 132.04B | 128.58B | 110.52B | 88.30B | 79.29B | 79.65B | 71.64B | 58.13B | 48.44B | 63.83B | 54.94B | 48.19B | 41.10B | 33.80B | 30.25B | 24.44B | 17.17B | 17.12B | 15.68B | 12.86B | 10.49B | 7.62B | 8.36B | 7.11B |
| Other Expenses | 0.00 | 426.00M | 422.00M | 1.76B | 2.53B | -13.00M | 1.03B | 3.00M | -11.00M | 25.00M | 8.00M | -3.00M | 591.00M | 627.00M | 851.00M | 689.00M | 842.00M | 778.00M | 667.00M | 594.00M | 24.44B | -6.36M | 17.12B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 221.63B | 192.25B | 161.72B | 148.15B | 144.33B | 132.02B | 129.61B | 110.52B | 88.29B | 79.32B | 79.66B | 71.64B | 58.13B | 48.44B | 63.83B | 54.94B | 48.19B | 41.10B | 33.80B | 30.25B | 24.44B | 17.16B | 17.12B | 15.68B | 12.86B | 10.49B | 7.62B | 8.36B | 7.11B |
| Cost & Expenses | 644.81B | 613.79B | 504.27B | 451.46B | 459.56B | 426.60B | 419.80B | 361.82B | 276.70B | 232.59B | 228.10B | 208.64B | 176.14B | 147.17B | 170.02B | 145.34B | 127.99B | 109.04B | 90.00B | 80.22B | 63.81B | 43.53B | 41.42B | 38.39B | 32.63B | 28.86B | 21.07B | 24.01B | 19.90B |
| Interest Income | 17.61B | 3.84B | 1.46B | 2.10B | 3.17B | 2.83B | 1.57B | 1.30B | 1.02B | 862.00M | 1.23B | 783.00M | 999.00M | 1.10B | 565.00M | 598.00M | 769.00M | 707.00M | 638.00M | 541.00M | 695.00M | 489.00M | 497.00M | 409.00M | 399.00M | 349.00M | 262.00M | 410.00M | 589.00M |
| Interest Expense | 17.19B | 16.31B | 16.94B | 17.52B | 14.13B | 9.40B | 10.74B | 9.18B | 7.42B | 6.29B | 3.84B | 2.18B | 2.93B | 3.27B | 5.20B | 4.93B | 4.55B | 4.04B | 4.52B | 3.76B | 2.54B | 903.90M | 891.31M | 1.03B | 1.00B | 1.10B | 997.00M | 1.52B | 1.08B |
| Depreciation & Amortization | 34.02B | 30.53B | 27.99B | 28.05B | 25.81B | 17.24B | 15.64B | 13.71B | 10.83B | 10.01B | 9.70B | 7.89B | 6.54B | 5.50B | 9.09B | 8.07B | 8.11B | 7.62B | 6.70B | 6.25B | 5.11B | 4.63B | 3.49B | 3.48B | 2.94B | 2.33B | 1.86B | 2.02B | 1.53B |
| EBITDA | 109.03B | 91.49B | 56.90B | 63.22B | 69.31B | 58.29B | 57.78B | 51.92B | 44.62B | 40.04B | 39.00B | 37.46B | 31.63B | 32.40B | 25.96B | 26.48B | 29.72B | 23.09B | 21.36B | 18.24B | 17.15B | 14.42B | 10.45B | 11.40B | 8.72B | 7.48B | 5.36B | 7.00B | 3.32B |
| EBITDA Ratio | 15.52% | 9.20% | 10.23% | 7.32% | 9.61% | 12.94% | 17.68% | 13.00% | 14.08% | 14.90% | 14.42% | 16.25% | 15.91% | 32.23% | 14.26% | 14.23% | 17.71% | 18.26% | 20.23% | 19.42% | 18.60% | 22.66% | 21.09% | 20.58% | 22.57% | 16.88% | 21.82% | 18.90% | 15.28% |
| Operating Income | 57.88B | 31.39B | 28.91B | 8.02B | 22.88B | 44.19B | 41.44B | 37.43B | 34.89B | 20.74B | 29.86B | 29.23B | 26.90B | 22.53B | 27.01B | 22.68B | 19.57B | 17.39B | 15.59B | 13.74B | 12.08B | 9.41B | 8.12B | 7.06B | 6.00B | 4.67B | 3.51B | 2.54B | 1.82B |
| Operating Income Ratio | 8.24% | 4.66% | 5.20% | 1.63% | 4.51% | 9.41% | 9.00% | 9.37% | 11.20% | 7.87% | 11.57% | 12.26% | 13.25% | 13.28% | 13.71% | 13.50% | 13.26% | 13.75% | 14.76% | 14.62% | 15.92% | 17.78% | 16.39% | 15.53% | 15.52% | 13.93% | 14.29% | 9.56% | 8.39% |
| Total Other Income/Expenses | -468.00M | -17.25B | -10.74B | -23.49B | -10.57B | -9.00B | 4.35B | -9.13B | -9.72B | -7.11B | -4.92B | -2.14B | 1.47B | 1.10B | -4.37B | -9.20B | -2.68B | -2.92B | -1.89B | -1.00B | -3.23B | -412.99M | -454.75M | -725.00M | -165.00M | -1.17B | -687.00M | 926.00M | -768.00M |
| Income Before Tax | 57.41B | 41.87B | 41.28B | 18.94B | 32.09B | 33.63B | 39.87B | 28.56B | 25.16B | 23.74B | 25.08B | 27.53B | 28.37B | 23.63B | 18.99B | 13.49B | 16.89B | 14.00B | 12.70B | 11.64B | 8.04B | 8.24B | 7.67B | 5.87B | 5.76B | 2.91B | 3.06B | 3.46B | 1.05B |
| Income Before Tax Ratio | 8.17% | 6.22% | 7.42% | 3.84% | 6.33% | 7.16% | 8.66% | 7.15% | 8.08% | 9.01% | 9.72% | 11.55% | 13.97% | 13.93% | 9.64% | 8.03% | 11.44% | 11.07% | 12.02% | 12.39% | 10.59% | 15.56% | 15.48% | 12.91% | 14.91% | 8.67% | 12.43% | 13.05% | 4.85% |
| Income Tax Expense | 12.97B | 13.55B | 14.28B | 14.82B | 10.48B | 10.17B | 10.58B | 7.89B | 7.93B | 6.25B | 7.76B | 7.95B | 7.69B | 5.67B | 3.91B | 4.21B | 4.95B | 4.81B | 4.58B | 2.40B | 3.38B | 3.63B | 2.80B | 2.31B | 1.85B | 870.00M | 837.00M | 468.00M | 406.00M |
| Net Income | 65.69B | 23.91B | 28.50B | 4.12B | 20.70B | 22.56B | 40.86B | 21.14B | 17.68B | 11.09B | 15.92B | 20.71B | 15.33B | 40.25B | 9.91B | 9.28B | 8.51B | 7.13B | 5.95B | 6.41B | 3.41B | 3.10B | 3.55B | 2.75B | 3.31B | 1.64B | 1.31B | 1.43B | 306.00M |
| Net Income Ratio | 9.35% | 3.55% | 5.12% | 0.84% | 4.08% | 4.80% | 8.87% | 5.29% | 5.68% | 4.21% | 6.17% | 8.69% | 7.55% | 23.72% | 5.03% | 5.52% | 5.77% | 5.64% | 5.64% | 6.82% | 4.49% | 5.86% | 7.16% | 6.05% | 8.56% | 4.89% | 5.34% | 5.40% | 1.41% |
| EPS | 4.76 | 6.68 | 7.96 | 1.15 | 5.78 | 6.30 | 23.70 | 11.82 | 44.00 | 3.10 | 39.50 | 5.79 | 38.50 | 100.50 | 27.70 | 12.96 | 21.00 | 18.00 | 15.50 | 18.00 | 9.50 | 8.67 | 9.95 | 7.65 | 9.20 | 5.25 | 8.23 | 9.00 | 1.99 |
| EPS Diluted | 9.35 | 6.68 | 7.96 | 1.15 | 5.78 | 6.30 | 23.70 | 11.82 | 44.00 | 3.10 | 39.50 | 5.79 | 38.00 | 100.50 | 27.70 | 12.96 | 21.00 | 18.00 | 15.50 | 18.00 | 9.50 | 8.67 | 9.95 | 7.65 | 9.20 | 5.25 | 8.23 | 9.00 | 1.59 |
| Weighted Avg Shares Out | 7.03B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 1.42B | 715.64M | 715.65M | 715.65M | 715.65M | 636.02M | 636.02M | 635.68M | 635.71M | 640.51M | 640.96M | 524.90M | 307.78M | 307.78M | 307.78M |
| Weighted Avg Shares Out (Dil) | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 3.58B | 1.42B | 715.64M | 715.65M | 715.65M | 715.65M | 636.02M | 636.02M | 635.68M | 635.71M | 640.51M | 640.96M | 524.90M | 307.78M | 307.78M | 383.94M |
FEMSA ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF ITS PREVIOUSLY ANNOUNCED TENDER OFFER FOR ITS OUTSTANDING NOTES DUE 2043
MONTERREY, Mexico , Nov. 6, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the expiration and expiration date results of its previously announced offer (the "Tender Offer") to purchase for cash any...
FEMSA ANNOUNCES THE OFFER CONSIDERATION FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER FOR ITS OUTSTANDING NOTES DUE 2043
MONTERREY, Mexico , Nov. 6, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the offer consideration for its previously announced offer (the "Tender Offer") to purchase for cash any and all of its...
FEMSA (FMX) Completes BradyIFS & Envoy Solutions Acquisitions
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Fomento Economico Mexicano: Refocusing On Its Core Business Seems Promising
FEMSA operates highly stable businesses throughout Mexico and Latin America, such as convenience stores, pharmacies and a bottling company. The company had diversified into segments such as Logistics, investments in Heineken and other segments that had little to do with...
Envoy Solutions and BradyIFS successfully complete transaction
FEMSA Forward Focused Leadership in Retail & Beverages MONTERREY, Mexico, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that the transaction bringing together BradyIFS and...
FEMSA ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ITS OUTSTANDING NOTES DUE 2043
MONTERREY, Mexico , Oct. 31, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces that it has commenced an offer (the "Tender Offer") to purchase for cash any and all of its outstanding...
FEMSA Undervalued Despite Ongoing Excellence Of Execution
FEMSA performed well in the third quarter, including double-digit volume growth from Coca-Cola FEMSA and mid-teens same-store sales growth in its core OXXO operations. The company's capital return plans and potential entry into the U.S. convenience store market are areas...
FEMSA (FMX) Q3 Earnings Beat, Revenues Lag Estimates
FEMSA's (FMX) Q3 results reflect gains from strong top-line growth across its business units, gross margin expansion and the inclusion of Proximity Europe.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2023 Earnings Call Transcript
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants Juan Fonseca - Vice President, Investor Relations Paco Camacho - Chief Corporate Officer Eugenio Garza - Chief Financial Officer...
FEMSA Announces Third Quarter 2023 Results
MONTERREY, Mexico, Oct. 27, 2023 (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 2023.
Source: https://incomestatements.info
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