Sign in

    Elisa Liam

    Research Analyst at Bank of America

    No verifiable information could be found on Elisa Liam working as an analyst at Bank of America, and no LinkedIn profile for this individual matching those details was located. Consequently, there are no available specifics regarding her current job title, company coverage, performance metrics, career timeline, credentials, or professional achievements. The absence of public records or credible sources suggests that either Elisa Liam does not hold this position or is not publicly recognized in analyst roles at Bank of America.

    Elisa Liam's questions to MEXICAN ECONOMIC DEVELOPMENT (FMX) leadership

    Elisa Liam's questions to MEXICAN ECONOMIC DEVELOPMENT (FMX) leadership • Q4 2024

    Question

    An analyst from Bank of America asked about the extent to which store cannibalization contributed to OXXO Mexico's traffic decline and sought clarity on the outlook for operating leverage amidst rising wages and a softer economy.

    Answer

    CEO Jose Antonio Fernández attributed the traffic softness to multiple factors, including increased rainfall and a post-election economic slowdown, stating that cannibalization from new stores is minimal and well-controlled. CFO Martin Arias Yaniz added that underperforming stores are closed quickly. Executive Juan Fonseca addressed operating leverage, noting that while gross margin expanded significantly, much of that gain was offset by persistent labor cost pressures from minimum wage increases in Mexico.

    Ask Fintool Equity Research AI