Last $92.27 USD
Change Today +0.14 / 0.15%
Volume 441.2K
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05/14/14 - $100.80
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fomento economico mex-sp adr (FMX) Details

Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. It produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; waters; and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, and isotonic drinks. The company also operates a chain of small-format stores under the OXXO brand name in Mexico, as well as operates other small-format stores, which include soft discount stores with a focus on perishables and liquor stores. As of December 31, 2013, it operated 11,721 OXXO stores, of which 11,683 are located in Mexico, and 38 stores are located in Bogotá, Colombia. In addition, the company offers various logistics and vehicle maintenance services; and vertical and horizontal commercial refrigerators for the soft drink, beer, and food industries. It has operations in Mexico, Central America, Colombia, Venezuela, Brazil, Argentina, Costa Rica, Guatemala, Nicaragua, Panama, and the Philippines. The company was founded in 1890 and is headquartered in Monterrey, Mexico.

216,740 Employees
Last Reported Date: 02/27/15
Founded in 1890

fomento economico mex-sp adr (FMX) Top Compensated Officers

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fomento economico mex-sp adr (FMX) Key Developments

Femsa Provides Capex Guidance for the Year 2015

Femsa envisages capital investments (capex) of some USD 1.350 billion for 2015. A total USD 430 million of the investments will go to the Femsa Comercio division, which operates the Oxxo convenience stores and will also take over the adjacent Oxxo Gas stations. The funds will be mainly used to open new stores and to expand into the fuel retail segment after Mexico's energy reform ended the monopoly of state-owned Pemex. The company also said that Femsa will invest USD 850 million in its franchise bottler Coca-Cola FEMSA (KOF) in 2015.

Fomento Económico Mexicano, S.A.B de C.V Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2014

Fomento Económico Mexicano, S.A.B de C.V announced consolidated earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported total revenues decreased 0.5% and income from operations grew 0.8% compared to the fourth quarter of 2013. Net income for the quarter increased 20%- 26%, reflecting growth in FEMSA's participation in Heineken's net income and a lower effective tax rate. For the year, the company reported total revenues increased 2.1% and income from operations grew 0.4% compared to 2013.

Fomento Económico Mexicano, S.A.B de C.V Proposes Ordinary Dividend for 2014

Fomento Económico Mexicano, S.A.B de C.V's Board of Directors proposed ordinary dividend of MXN 7.350 billion to be paid in 2015 subject to approval at the annual shareholders meeting in March 2015.


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