Company Fomento Económico Mexicano, S.A.B. de C.V. Nyse

Company Fomento Económico Mexicano, S.A.B. de C.V. Nyse

FMX

US3444191064

Food Retail & Distribution

Analysts' Consensus

Equities

FMX

US3444191064

Food Retail & Distribution

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Holdings

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Ratings for Fomento Económico Mexicano, S.A.B. de C.V.

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Supermarkets & Convenience Stores

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Holdings

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Ratings for Fomento Económico Mexicano, S.A.B. de C.V.

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Supermarkets & Convenience Stores

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

Market Closed - Nyse Other stock markets 04:00:02 2024-04-18 pm EDT			5-day change	1st Jan Change
119.1 ^USD	+0.11%		-4.99%	-8.65%

Mar. 25	Fomento Económico Mexicano, S.A.B. De C.V. Announces Executive Appointments	CI
Mar. 15	Fomento Economico Mexicano Launching Accelerated Share Buyback	MT

Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.

Number of employees: 350,000

MXN in Million	2022	Weight	2023	Weight	Delta
Proximity 45.8 %	243,767	36.2 %	322,072	45.8 %	+32.12%
Coca-Cola FEMSA 34.9 %	226,740	33.7 %	245,088	34.9 %	+8.09%
Health 10.7 %	74,800	11.1 %	75,358	10.7 %	+0.75%
Fuel 8.3 %	51,813	7.7 %	58,499	8.3 %	+12.90%
Other 8.1 %	25,677	3.8 %	56,875	8.1 %	+121.50%
Consolidation Adjustments -7.9 %	-22,134	-3.3 %	-55,200	-7.9 %	+149.39%

MXN in Million	2022	Weight	2023	Weight	Delta
Mexico 65.0 %	418,807	62.2 %	456,709	65.0 %	+9.05%
Central America 16.6 %	49,952	7.4 %	116,629	16.6 %	+133.48%
Colombia 8.2 %	45,733	6.8 %	57,432	8.2 %	+25.58%
Consolidated Adjustments -7.9 %	-22,134	-3.3 %	-55,200	-7.9 %	+149.39%
Brazil 7.6 %	70,737	10.5 %	53,573	7.6 %	-24.26%
Europe 6.2 %	0	0.0 %	43,552	6.2 %	-
Chile 5.0 %	35,423	5.3 %	35,437	5.0 %	+0.04%
South America -3.6 %	0	0.0 %	-25,529	-3.6 %	-
Ecuador 1.3 %	9,791	1.5 %	8,986	1.3 %	-8.22%
Argentina 0.9 %	11,034	1.6 %	6,673	0.9 %	-39.52%
Uruguay 0.6 %	3,886	0.6 %	4,415	0.6 %	+13.61%
United States 0.0 %	49,704	7.4 %	15	0.0 %	-99.97%

Managers	Title	Age	Since
José Antonio Fernández Carbajal CEO	Chief Executive Officer	70	83-12-31
Eugenio Garza y Garza DFI	Director of Finance/CFO	-	17-12-31
Gerardo Estrada Attolini ADM	Chief Administrative Officer	67	99-12-31
Alfonso Garza Garza BRD	Director/Board Member	61	00-12-31
Juan Fernando Fonseca Serratos IRC	Investor Relations Contact	61	01-12-31
Jose Antonio Garza-Lagüera PRN	Corporate Officer/Principal	-	-
Alejandro Gil Ortiz SEC	Corporate Secretary	-	-
Salvador Alfaro Hernández PRN	Corporate Officer/Principal	-	-
Francisco Camacho Beltrán PRN	Corporate Officer/Principal	59	19-12-31
Constantino Spas Montesinos PRN	Corporate Officer/Principal	54	22-12-31

Members of the board	Title	Age	Since
Michael Larson BRD	Director/Board Member	64	10-12-31
Ricardo Ernesto Saldívar Escajadillo BRD	Director/Board Member	71	05-12-31
Alejandro Baillères Gual BRD	Director/Board Member	63	22-04-26
Alfonso Garza Garza BRD	Director/Board Member	61	00-12-31
Bárbara Garza Lagüera Gonda BRD	Director/Board Member	65	97-12-31
Gibu Thomas BRD	Director/Board Member	-	-
Daniel Alegre BRD	Director/Board Member	55	-
Eva María Garza Lagüera Gonda BRD	Director/Board Member	66	98-12-31
Francisco José Calderón Rojas BRD	Director/Board Member	58	-
Bertha Paula Michel Gonzále BRD	Director/Board Member	60	19-12-31

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	0	9,246,420,270	9,153,956,067 ( 99.00 %)	0	99.00 %
Stock B	0	8,644,711,080	8,558,263,969 ( 99.00 %)	0

Name	Equities	%	Valuation
GBM Administradora de Activos, SA de CV SOSI 0.7235 %	15,543,158	0.7235 %	202 M $
BlackRock México Operadora SA de CV SOFI 0.4900 %	10,526,381	0.4900 %	137 M $
BBVA Bancomer Gestión S.A. de C.V. SOFI 0.3300 %	7,090,145	0.3300 %	92 M $
State Street Global Advisors Ltd. 0.2152 %	4,622,434	0.2152 %	60 M $
Sjunde AP-fonden 0.2120 %	4,553,904	0.2120 %	59 M $
SAM Asset Management SA de CV SOFI 0.1572 %	3,378,114	0.1572 %	44 M $
Impulsora del Fondo México SC 0.1503 %	3,230,000	0.1503 %	42 M $
Amundi Asset Management SA (Investment Management) 0.1332 %	2,862,128	0.1332 %	37 M $
SURA Investment Management México SA de CV SOFI 0.1066 %	2,290,246	0.1066 %	30 M $
Manulife Investment Management (Europe) Ltd. 0.0972 %	2,088,800	0.0972 %	27 M $

Name	Equities	%	Valuation
Cascade Investment Advisors, Inc. 12.90 %	557,746,980	12.90 %	7 236 M $
Maximino José Michel González 0.8034 %	34,725,090	0.8034 %	451 M $
Francisco José Calderón Rojas 0.3837 %	16,583,458	0.3837 %	215 M $
Alejandro Baillères Gual 0.2777 %	12,003,874	0.2777 %	156 M $
Alfonso Garza Garza 0.2290 %	9,899,090	0.2290 %	128 M $
Mariana Garza Lagüera de Treviho Gonda 0.1303 %	5,630,960	0.1303 %	73 M $
Eva María Garza Lagüera Gonda 0.1266 %	5,470,960	0.1266 %	71 M $
Paulina Garza Lagüera Gonda 0.1233 %	5,330,960	0.1233 %	69 M $
Bárbara Garza Lagüera Gonda 0.1233 %	5,330,960	0.1233 %	69 M $
Juan Carlos Garza Garza 0.1050 %	4,537,392	0.1050 %	59 M $

Name	Equities	%	Valuation
Russell Investments Ltd. 0.001091 %	23,450	0.001091 %	3 M $
Momentum Global Investment Management Ltd. 0.000321 %	6,887	0.000321 %	836 255 $
Dimensional Fund Advisors Ltd. 0.000019 %	403	0.000019 %	48 934 $

Name	Equities	%	Valuation
Sava Infond DZU, doo 0.000105 %	4,500	0.000105 %	123 244 $

Name	Equities	%	Valuation
Cascade Investment Advisors, Inc. 12.90 %	557,746,980	12.90 %	7 236 M $
Maximino José Michel González 0.8034 %	34,725,090	0.8034 %	451 M $
José Fernando Calderón Rojas 0.3837 %	16,583,458	0.3837 %	215 M $
Alejandro Baillères Gual 0.2777 %	12,003,874	0.2777 %	156 M $
Alfonso Garza Garza 0.2290 %	9,899,090	0.2290 %	128 M $
Mariana Garza Lagüera de Treviho Gonda 0.1303 %	5,630,960	0.1303 %	73 M $
Eva María Garza Lagüera Gonda 0.1266 %	5,470,960	0.1266 %	71 M $
Bárbara Garza Lagüera Gonda 0.1233 %	5,330,960	0.1233 %	69 M $
Paulina Garza Lagüera Gonda 0.1233 %	5,330,960	0.1233 %	69 M $
Juan Carlos Garza Garza 0.1050 %	4,537,392	0.1050 %	59 M $

Name	Equities	%	Valuation
FEMSA Voting Trust 74.86 %	6,922,134,985	74.86 %	89 803 M $
Cascade Investment Advisors, Inc. 3.016 %	278,873,490	3.016 %	3 618 M $
Alfonso Garza Garza 0.2607 %	24,101,605	0.2607 %	313 M $
Juan Carlos Garza Garza 0.2315 %	21,401,556	0.2315 %	278 M $
Maximino José Michel González 0.1878 %	17,362,545	0.1878 %	225 M $
Alejandro Baillères Gual 0.0984 %	9,095,762	0.0984 %	118 M $
José Fernando Calderón Rojas 0.0907 %	8,389,104	0.0907 %	109 M $
Mariana Garza Lagüera de Treviho Gonda 0.0309 %	2,853,480	0.0309 %	37 M $
Eva María Garza Lagüera Gonda 0.0304 %	2,807,980	0.0304 %	36 M $
Paulina Garza Lagüera Gonda 0.0292 %	2,703,730	0.0292 %	35 M $

Name	Equities	%	Valuation
First Eagle Investment Management LLC 4.641 %	9,971,630	4.641 %	1 299 M $
Harding Loevner LP 3.492 %	7,501,421	3.492 %	977 M $
RBC Trust Co. Delaware Ltd. 2.412 %	5,181,034	2.412 %	675 M $
Baillie Gifford & Co. 1.787 %	3,838,639	1.787 %	500 M $
JPMorgan Investment Management, Inc. 1.697 %	3,646,673	1.697 %	475 M $
Teachers Advisors LLC 1.219 %	2,618,234	1.219 %	341 M $
Schroder Investment Management North America Ltd. 1.203 %	2,583,664	1.203 %	337 M $
abrdn Investments Ltd. 1.127 %	2,420,859	1.127 %	315 M $
Allspring Global Investments LLC 0.9859 %	2,118,195	0.9859 %	276 M $
ITAÚ UNIBANCO HOLDING S.A. 0.9323 %	2,003,012	0.9323 %	261 M $

Name	Equities	%	Valuation
Operadora Actinver SA de CV 0.003305 %	46,828	0.003305 %	460 342 $

Name	Equities	%	Valuation
HEINEKEN HOLDING N.V. 1.82%	5,228,758	1.82%	422,400,039 $

Fomento Economico Mexicano SAB de CV

General Anaya 601 Poniente Colonia Bella Vista

64410, Monterrey

+52 818 328 6000

http://www.femsa.com

address Fomento Económico Mexicano, S.A.B. de C.V.(FMX)

Name	Category and Sector
COCA-COLA FEMSA, S.A.B. DE C.V.	Beverages: Non-Alcoholic
Coca-Cola Beverages Philippines, Inc. Coca-Cola Beverages Philippines, Inc. Beverages: Non-AlcoholicConsumer Non-Durables Coca-Cola Femsa Philippines, Inc. engages in the distribution of soft drinks under the Coca-Cola brands. The company is headquartered in Makati City, Philippines.	Beverages: Non-Alcoholic
Coca-Cola Femsa de Buenos Aires SA Coca-Cola Femsa de Buenos Aires SA Beverages: Non-AlcoholicConsumer Non-Durables Part of Coca-Cola FEMSA SAB de CV, Coca-Cola Femsa de Buenos Aires SA is a private company that bottles soft drink products of The Coca-Cola Co. Coca-Cola Femsa de Buenos Aires SA is based in Buenos Aires, Argentina. Coca-Cola Femsa de Buenos Aires was acquired by Coca-Cola FEMSA SAB de CV from The Coca-Cola Co. on September 22, 1997 for $98.46 million.	Beverages: Non-Alcoholic
Spal Indústria Brasileira de Bebidas SA Spal Indústria Brasileira de Bebidas SA Food DistributorsDistribution Services Spal Industria Brasileira de Bebidas SA engages in the manufacture, commercialization, and distribution of Coca-Cola brand bottled beverages. It includes soft drinks, juices, and sparkling water. The company was founded on January 11, 1979 and is headquartered in Sao Paulo, Brazil.	Food Distributors
Industria Nacional De Gaseosas SA Industria Nacional De Gaseosas SA Beverages: Non-AlcoholicConsumer Non-Durables Part of The Coca-Cola Co., Industria Nacional De Gaseosas SA engages in production and distribution of soft drinks and non-alcoholic beverages. The private company is located in Colombia.	Beverages: Non-Alcoholic
Embotelladora Central SA Embotelladora Central SA Food DistributorsDistribution Services Part of Coca-Cola FEMSA SAB de CV, Embotelladora Central SA is a wholesaler of soft drinks. The private company is located in Guatemala.	Food Distributors
Montevideo Refrescos SRL Montevideo Refrescos SRL Beverages: Non-AlcoholicConsumer Non-Durables Montevideo Refrescos SRL is a beverage manufacturing company. It is engaged in producing, bottling, marketing and distributing the Coca-Cola beverage portfolio in Uruguay. The company was founded in 1943 and is headquartered in Montevideo, Uruguay.	Beverages: Non-Alcoholic
CB Equity LLP CB Equity LLP Financial ConglomeratesFinance Part of Fomento Economico Mexicano SAB de CV, CB Equity LLP provides investment and management services. The private company is based in Kingston-upon-Thames, UK. CB Equity was founded in 2010.	Financial Conglomerates
Netherlands Beer Partnership One CV
CSCAP SA de CV
Ramsa Soluciones de Negocios en Bebidas S de RL de CV
Embotelladora Mexicana de Bebidas Refrescantes S de RL de CV
Coca Cola Femsa de Costa Rica SA Coca Cola Femsa de Costa Rica SA Beverages: Non-AlcoholicConsumer Non-Durables Part of Fomento Economico Mexicano SAB de CV, Coca Cola Femsa de Costa Rica SA is a Costa Rican company that manufactures soft drinks. The private company is located in Costa Rica.	Beverages: Non-Alcoholic

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

201 MXN

Average target price

257.3 MXN

Spread / Average Target

+27.98%

Consensus

Estimates Revisions

Company calendar

	1st Jan change	Capi.
AVENUE SUPERMARTS LIMITED	+13.34%	36.13B
SEVEN & I HOLDINGS CO., LTD.	+6.19%	32.96B
SM INVESTMENTS CORPORATION	+7.80%	20.01B
COLES GROUP LIMITED	-0.87%	13.75B
JERÓNIMO MARTINS, SGPS, S.A.	-22.27%	11.85B
ICA GRUPPEN	-.--%	11.82B
CASEY'S GENERAL STORES, INC.	+12.62%	11.44B
DINO POLSKA S.A.	-21.79%	8.59B
J SAINSBURY PLC	-13.22%	7.56B

Supermarkets & Convenience Stores

Consumer Non-Cyclicals

Food & Drug Retailing

Food & Drug Retailing

Food Retail & Distribution

Supermarkets & Convenience Stores