FEMSA Announces Third Quarter 2024 Results

MONTERREY, Mexico, Oct. 28, 2024 (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 third quarter of 2024.

FEMSA: Total Consolidated Revenues grew 8.3% and Income from Operations increased 14.6% compared to 3Q23.

FEMSA Retail1: Proximity Americas total Revenues grew 4.8% and Income from operations increased 5.9% versus 3Q23.

DIGITAL: Spin by OXXO had 8.2 million active users2 representing 28.9% growth compared to 3Q23 while Spin Premia had 23.8 million active loyalty users2 representing 34.6% growth compared to 3Q23, and an average tender3 of 38.5%.

COCA-COLA FEMSA: Total Revenues and Income from Operations grew 10.7% and 13.9%, respectively against 3Q23.

Financial Summary for the Third Quarter 2024

Change vs. comparable period

 

 

Total Revenues

Gross Profit

Income from Operations

Same-Store Sales

 

3Q24

YTD24

3Q24

YTD24

3Q24

YTD24

3Q24

YTD24

FEMSA Consolidated

8.3%

10.2%

12.1%

14.0%

14.6%

14.1%

 

 

Proximity Americas

4.8%

9.3%

12.5%

16.3%