- Net income: MXN15.67 billion, increased by 76% year over year, beating the estimate of MXN8.64 billion.
- Basic EPS: MXN0.64.
- Revenue: MXN198.75 billion, a 12% increase year over year, exceeding the estimate of MXN197.07 billion.
- Proximity Division revenue: MXN78.53 billion, up by 8.9% year over year but below the estimate of MXN79.83 billion.
- Health Division revenue: MXN18.89 billion, decreased by 0.4% year over year and lower than the estimate of MXN19.51 billion.
- Fuel Division revenue: MXN16.80 billion, a 16% rise year over year, surpassing the estimate of MXN16.35 billion.
- Gross profit: MXN82.44 billion, up by 19% year over year, higher than the estimate of MXN76.38 billion.
- Proximity Division gross profit: MXN34.63 billion, a 17% increase year over year, beating the estimate of MXN33.49 billion.
- Health Division gross profit: MXN5.72 billion, a slight decrease of 0.2% year over year but above the estimate of MXN5.67 billion.
- Fuel Division gross profit: MXN1.95 billion, matching the estimate and up by 13% year over year.
- Operating income: MXN17.41 billion, surpassing the estimate of MXN17.05 billion.
- Gross margin: 41.5%, up from 39.1% year over year and higher than the estimate of 39.2%.
- Proximity Division same-store sales: increased by 4.1%.
- Health Division same-store sales: decreased by 1.1%.
- Fuel Division same-store sales: increased by 15.9%.
- Analyst recommendations: 8 buys, 5 holds, 0 sells.
A look at Fomento Economico Mexica-Ubd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fomento Economico Mexicano (FEMSA) holds a promising long-term outlook with a solid Smart Score in Growth, Resilience, and Momentum. With a high Growth score, the company demonstrates strong potential for expansion and development. Its Resilience score indicates a sturdy ability to weather economic uncertainties, while a robust Momentum score suggests positive market sentiment and performance.
Although FEMSA’s Value and Dividend scores are rated lower, the company’s strategic position in the non-alcoholic beverage industry, ownership of convenience stores, and stake in Heineken provide a diversified revenue stream. Overall, FEMSA presents a favorable outlook for investors seeking a company with strong growth prospects and resilience in the face of market fluctuations.
Summary: Fomento Economico Mexicano (FEMSA) is a company known for producing, distributing, and marketing non-alcoholic beverages in Latin America as part of the Coca-Cola system. FEMSA also operates convenience stores in Mexico and Colombia and holds a significant stake in Heineken.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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