FEMSA (FMX) Q4 Earnings Miss Estimates, Revenues Surpass [Yahoo! Finance]
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: Yahoo! Finance
FEMSA unit). The company posted adjusted net majority earnings per ADS of $1.07, missing the Zacks Consensus Estimate of $1.41. Net consolidated income was Ps. 6,337 million (US$375 million), reflecting a 20.7% decrease from the year-ago quarter. Total revenues were $11,232 million (Ps. 189,825 million), which improved 4.6% year over year in the local currency. Revenues in U.S. dollars beat the Zacks Consensus Estimate of $11,215 million. Revenue growth was driven by gains across FMX's business units. On an organic basis, total revenues rose 4.3%. Shares of the Zacks Rank #1 (Strong Buy) company have advanced 28% in the past year compared with the industry's growth of 6%. Image Source: Zacks Investment Research FEMSA's gross profit rose 8.5% year over year to Ps. 77,915 million (US$4,610.4 million). The consolidated gross margin expanded 140 basis points (bps) to 41%, owing to the gross margin expansion at Proximity Americas, Fuel and Coca-Cola FEMSA. Growth was partly negat
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FMX
News
- FEMSA Announces First Quarter 2024 ResultsGlobeNewswire
- FEMSA Files 2023 SEC Annual ReportGlobeNewswire
- FEMSA Schedules Conference Call to Discuss First Quarter Financial ResultsGlobeNewswire
- FEMSA Shareholders’ Meeting ResolutionsGlobeNewswire
- FEMSA Announces Accelerated Share Repurchase AgreementGlobeNewswire
FMX
Sec Filings
- 4/26/24 - Form 6-K
- 4/23/24 - Form 20-F
- 4/23/24 - Form 6-K
- FMX's page on the SEC website