FEMSA reported a 6.3% revenue growth in Q2 2025, facing mixed operational challenges domestically and stronger results internationally.
Quiver AI Summary
FEMSA announced its operational and financial results for the second quarter of 2025, revealing a 6.3% increase in total consolidated revenues and a 1.2% rise in income from operations compared to the same period last year. The Proximity Americas segment saw revenues grow by 6.9%, though income from operations fell by 2.8%. Notably, Spin by OXXO reported 9.4 million active users, marking an 18.8% increase, while Spin Premia had 26.6 million active loyalty users, a growth of 16.9%. Coca-Cola FEMSA experienced a 5.0% increase in total revenues, although income from operations grew only by 0.2%. CEO José Antonio Fernandez Carbajal highlighted mixed results due to challenging consumer conditions and adverse weather in Mexico, despite strong performances in international operations and operational resilience. The company is focused on reversing negative trends while remaining competitive as they approach the key selling season in the fourth quarter.
Potential Positives
- Total consolidated revenues increased by 6.3% compared to 2Q24, indicating a positive overall growth trend for FEMSA.
- Spin by OXXO experienced significant growth with 9.4 million active users, representing an 18.8% increase year-over-year, showcasing the expansion of FEMSA's digital financial services.
- Coca-Cola FEMSA reported a revenue growth of 5.0%, demonstrating resilience in the beverage segment despite challenging market conditions.
- Proximity Europe showed remarkable revenue growth of 31.4% compared to 2Q24, suggesting strong performance in the European retail market.
Potential Negatives
- Total Income from Operations decreased 2.8% in the Proximity Americas segment compared to the same period last year, indicating potential challenges in that area.
- CEO acknowledged a "soft consumer environment" and "very adverse weather" negatively impacting retail operations and beverage volumes in Mexico.
- Weak traffic numbers in the Proximity Americas Mexico highlighted struggles in consumer engagement and performance compared to positive trends outside of Mexico.
FAQ
What are FEMSA's financial results for the second quarter of 2025?
FEMSA reported a 6.3% growth in total consolidated revenues and a 1.2% increase in income from operations compared to 2Q24.
How did FEMSA Retail perform in the second quarter of 2025?
FEMSA Retail in Proximity Americas saw a 6.9% revenue growth, but income from operations decreased by 2.8% compared to 2Q24.
What is the growth rate of Spin by OXXO in 2025?
Spin by OXXO had 9.4 million active users, representing an 18.8% growth compared to 2Q24.
How did Coca-Cola FEMSA perform in 2Q25?
Coca-Cola FEMSA experienced a 5.0% growth in total revenues and a modest 0.2% increase in income from operations compared to 2Q24.
When is FEMSA's second quarter 2025 conference call?
The conference call will be held on July 28, 2025, at 11:00 AM Eastern Time.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FMX Congressional Stock Trading
Members of Congress have traded $FMX stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $FMX stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 04/09.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$FMX Hedge Fund Activity
We have seen 132 institutional investors add shares of $FMX stock to their portfolio, and 134 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO removed 704,027 shares (-21.7%) from their portfolio in Q1 2025, for an estimated $68,698,954
- ITAU UNIBANCO HOLDING S.A. added 570,640 shares (+105.4%) to their portfolio in Q1 2025, for an estimated $55,683,051
- CARRHAE CAPITAL LLP removed 543,167 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $53,002,235
- ASSET VALUE INVESTORS LTD removed 500,565 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $48,845,132
- CORVEX MANAGEMENT LP removed 405,150 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $39,534,537
- BLACKROCK, INC. added 303,399 shares (+64.2%) to their portfolio in Q1 2025, for an estimated $29,605,674
- ACADIAN ASSET MANAGEMENT LLC added 293,524 shares (+325.7%) to their portfolio in Q1 2025, for an estimated $28,642,071
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FMX Analyst Ratings
Wall Street analysts have issued reports on $FMX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Itau BBA issued a "Outperform" rating on 04/07/2025
To track analyst ratings and price targets for $FMX, check out Quiver Quantitative's $FMX forecast page.
$FMX Price Targets
Multiple analysts have issued price targets for $FMX recently. We have seen 2 analysts offer price targets for $FMX in the last 6 months, with a median target of $111.5.
Here are some recent targets:
- Rodrigo Alcantara from UBS set a target price of $115.0 on 07/10/2025
- Benjamin Theurer from Barclays set a target price of $108.0 on 05/12/2025
Full Release
MONTERREY, Mexico, July 28, 2025 (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 second quarter of 2025.
- FEMSA: Total Consolidated Revenues grew 6.3% and Income from Operations increased 1.2% compared to 2Q24.
- FEMSA Retail 1 : Proximity Americas t otal Revenues grew 6.9% and Income from operations decreased 2.8% versus 2Q24.
- SPIN: Spin by OXXO had 9.4 million active users 2 representing 18.8% growth compared to 2Q24 while Spin Premia had 26.6 million active loyalty users 2 representing 16.9% growth compared to 2Q24, and an average tender 3 at OXXO Mexico of 45.8 % which increased from 36.1% tender in 2Q24.
- COCA-COLA FEMSA: Total Revenues and Income from Operations grew 5.0% and 0.2%, respectively against 2Q24.
Financial Summary for the Second Quarter 2025
Change vs. comparable period |
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Total Revenues | Gross Profit |
Income from
Operations |
Same-Store Sales | |||||
As Reported | 2Q25 | YTD25 | 2Q25 | YTD25 | 2Q25 | YTD25 | 2Q25 | YTD25 |
FEMSA Consolidated | 6.3% | 8.3% | 4.2% | 9.2% | 1.2% | 2.6% | ||
Proximity Americas | 6.9% | 6.9% | 6.9% | 8.3% | (2.8%) | (6.3%) | (0.4%) | (1.1) |
Proximity Europe | 31.4% | 24.9% | 25.6% | 20.3% | 54.4% | 22.3% | N.A. | N.A. |
Health | 15.6% | 18.3% | 13.6% | 18.3% | 5.7% | 15.2% | 13.1% | 14.3% |
Fuel | 0.6% | 1.2% | 6.6% | 5.6% | 13.6% | 1.8% | 4.9% | 5.2% |
Coca-Cola FEMSA | 5.0% | 6.7% | 3.4% | 6.9% | 0.2% | 3.3% | ||
Comparable (A) | ||||||||
FEMSA Consolidated | 2.2% | 2.7% | 0.0% | 4.5% | (1.5%) | (3.9%) | ||
Proximity Americas | 2.0% | 1.7% | 4.3% | 5.7% | (3.1%) | (10.8%) | (0.6%) | N.A. |
Proximity Europe | 5.9% | 3.5% | 1.2% | (0.3%) | 24.0% | 0.6% | N.A. | N.A. |
Health | 6.7% | 6.8% | 4.5% | 6.5% | (5.2%) | 2.2% | 4.8% | N.A. |
Fuel | 0.6% | 1.2% | 6.6% | 5.6% | 13.6% | 1.8% | 4.9% | N.A. |
Coca-Cola FEMSA | 2.4% | 3.3% | 0.9% | 3.5% | (2.6%) | 0.3% |
José Antonio Fernandez Carbajal, FEMSA’s Chief Executive Officer, commented:
“During the second quarter, we delivered a mixed set of results. In our core operations in Mexico, we faced a challenging combination of a soft consumer environment and very adverse weather that put pressure on retail operations and beverage volumes. On the positive side, several of our proximity and beverage operations outside of Mexico delivered strong results, which combined with currency tailwinds, helped to mitigate the impact. The retail operations outside of Mexico provided encouraging signs that they are firing on all cylinders as they fine-tune their value propositions and increase their scale.
At Proximity Americas Mexico, weak traffic numbers stood out against an otherwise largely positive set of trends outside of Mexico, reflecting an environment in which convenience categories such as soft drinks, beer and tobacco underperformed other categories across channels. We are working hard together with our supplier partners to ensure we can adjust our assortment and price-package architecture to remain competitive in addressing our customers’ needs as we advance through the summer and approach the key selling season in the fourth quarter. For its part, Valora delivered a solid result, as did our Health operations outside of Mexico. Finally, Coca-Cola FEMSA navigated the same challenging environment in Mexico which it is aggressively addressing with highly targeted and segmented packaging strategies, promotional activity, and expense control. Outside of Mexico, KOF continued to improve its competitive position and delivered strong results, particularly led by certain markets in South America, further reinforced by currency tailwinds.
We remain confident of the initiatives being implemented across businesses, and we are focused on reversing the traffic and volume trends and on managing costs and expenses in the second half of the year. Our businesses have repeatedly proven their resilience, and we believe we have the right strategy and team for the task.”
To obtain the full text of this earnings release, please visit our Investor Relations website at
https://femsa.gcs-web.com/ under the Financial Reports section |
CONFERENCE CALL INFORMATION
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Our Second quarter 2025 Conference Call will be held on: Monday, July 28, 2025, 11:00 AM Eastern Time (9:00 AM Mexico City Time). The conference call will be webcast live through streaming audio.
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Telephone:
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Toll Free US:
International: |
(866) 580 3963
+1 (786) 697 3501 |
Webcast:
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https://edge.media-server.com/mmc/p/5pc7rawp/
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Conference ID:
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FEMSA
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If you are unable to participate live, the conference call audio will be available on https://femsa.gcs-web.com/financial-reports/quarterly-results |
ABOUT FEMSA
FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates through a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.
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(A)
Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
1
FEMSA Retail: Proximity Americas & Europe, Fuel and FEMSA Health.
2
Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days.
Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.
3
Tender: OXXO MXN sales with Spin Premia redemption or accrual / Total OXXO MXN Sales, during the period.