Benjamin Theurer

Ricardo Alves

Rodrigo Alcantara

Alvaro Garcia

Thiago Bortoluci

Carlos Laboy

Robert Ford

Ulises Argote Bolio

Héctor Maya López

Alejandro Fuchs

Antonio Hernandez

Antonio Hernández Vélez

Emiliano Hernández Marvan

Froylan Mendez

Héctor Maya

Renata Cabral

Robert Ford Aguilar

Elisa Liam

Fernando Froylan Mendez Solther

Luis Yance

Renata Fonseca Cabral Sturani

- **Jos\u00e9 Antonio Fern\u00e1ndez Garza-Laguera** will assume the role of CEO of FEMSA, succeeding **Jos\u00e9 Antonio Fern\u00e1ndez Carbajal**, and plans to maintain strategic continuity with a focus on core business verticals and capital allocation.  **[0000894529_2208561_0]** **[0000894529_2208561_4]** **[0000894529_2208561_5]** 
- For Q3 2025, FEMSA reported a **9.1%** increase in total revenue and a **4.3%** increase in operating income. However, net consolidated income decreased **36.8%** to **$5.8 billion pesos**, primarily due to a non-cash foreign exchange loss of **$1.3 billion pesos**.  **[0000894529_2208561_7]** 
- Proximity Americas' same-store sales increased **1.7%** in Q3 2025, driven by a **4.9%** rise in average ticket, despite a **3.1%** contraction in traffic, marking an improvement over the first half of the year.  **[0000894529_2208561_4]** **[0000894529_2208561_7]** 
- The company is implementing initiatives to improve OXXO Mexico's competitive position through affordability and promotions, and sees significant long-term growth opportunities in OXXO Brazil, Colombia, Bara, and the Spin ecosystem.  **[0000894529_2208561_4]** **[0000894529_2208561_5]** **[0000894529_2208561_12]** **[0000894529_2208561_21]** 
- FEMSA distributed **$11.8 billion pesos** in dividends during the quarter but was not active in share buybacks.  **[0000894529_2208561_9]**

FEMSA Reports Q3 2025 Results and Announces CEO Transition

- **José Antonio Fernández Carbajal** is stepping down as CEO at the end of the week, with **José Antonio Fernández Garza-Laguera** assuming the role.  **[0000894529_2209062_0]** **[0000894529_2209062_1]** 
- FEMSA has executed its FEMSA Forward strategy, divesting nearly **$11 billion** of assets and planning to distribute approximately **$7.8 billion** of capital through ordinary and extraordinary dividends and share buybacks between March 2024 and March 2027.  **[0000894529_2209062_1]** 
- For Q3 2025, Proximity Americas reported a **1.7%** increase in same-store sales, with average ticket rising **4.9%** and average traffic contracting **3.1%**, marking an improvement from the first half of the year.  **[0000894529_2209062_4]** 
- The company is focused on improving its competitive position in key retail categories through affordability initiatives, assortment adjustments, and promotional campaigns, and is expanding OXXO Brazil, OXXO Colombia, Bara, and OXXO USA.  **[0000894529_2209062_4]** **[0000894529_2209062_5]** **[0000894529_2209062_8]** **[0000894529_2209062_12]**

FEMSA Reports Q3 2025 Results and CEO Transition

- FEMSA reported **Q3 2025 total revenue growth of 9.1%** and an operating income increase of **4.3%** year over year. However, net consolidated income decreased by **36.8%** to **$5.8 billion pesos**, primarily due to a non-cash foreign exchange loss of **$1.3 billion pesos** compared to a gain of **$4.3 billion pesos** in the prior year.  **[0000894529_2209113_7]** 
- The company is undergoing a leadership transition, with **José Antonio Fernández Carbajal stepping down as CEO** at the end of the week, and **José Antonio Fernández Garza-Laguera assuming the CEO role** of FEMSA.  **[0000894529_2209113_0]** **[0000894529_2209113_1]**  The incoming CEO emphasized strategic continuity with the FEMSA Forward plan.  **[0000894529_2209113_5]** 
- Proximity Americas (OXXO Mexico) experienced a **1.7% increase in same-store sales**, driven by a **4.9% average ticket growth** but partially offset by a **3.1% traffic decline**. This performance marks an improvement over previous quarters.  **[0000894529_2209113_7]**  Bara's same-store sales grew **10.8%**.  **[0000894529_2209113_8]** 
- FEMSA distributed **$11.8 billion pesos in dividends** during Q3 2025, as part of its capital allocation framework which aims to distribute approximately **$7.8 billion** between March 2024 and March 2027 through dividends and share buybacks.  **[0000894529_2209113_1]** **[0000894529_2209113_9]** 
- Management expressed **cautious optimism for the coming year**, noting **signs of improvement in October data in Mexico** and anticipating a tailwind from the upcoming FIFA World Cup.  **[0000894529_2209113_9]**

FEMSA Announces Q3 2025 Results and CEO Transition

- FEMSA reported a **9.1% growth in Total Consolidated Revenues** and a **4.3% increase in Income from Operations** for the third quarter of 2025 compared to the same period in 2024.  **[1061736_6093668d6ce64a5fa4599e299f4bcafa_0]** 
- The company's digital financial services demonstrated strong user growth, with **Spin by OXXO active users increasing by 20.5% to 9.9 million** and **Spin Premia active loyalty users growing by 16.4% to 27.7 million** compared to Q3 2024.  **[1061736_6093668d6ce64a5fa4599e299f4bcafa_0]** 
- José Antonio Fernandez Carbajal, FEMSA’s Chief Executive Officer, announced he is **stepping back from his CEO role**.  **[1061736_6093668d6ce64a5fa4599e299f4bcafa_1]**

FEMSA Announces Third Quarter 2025 Results and CEO Transition

- Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) reported **consolidated total revenue growth of 9.1%** and **operating income growth of 4.3%** for the third quarter of 2025 compared to the prior year.  **[1061736_f18a4ad9c3474829b8b00d2bdd7a14bc_0]** 
- Key segments showed growth, with FEMSA Retail's Proximity Americas division increasing total revenue by **9.2%** and operating income by **7.1%**, and Coca-Cola FEMSA's total revenue and operating income growing **3.3%** and **6.8%**, respectively, in Q3 2025.  **[1061736_f18a4ad9c3474829b8b00d2bdd7a14bc_0]** 
- Digital financial services continued to expand, with Spin by OXXO reaching **9.9 million active users** (a **20.5% increase**) and Spin Premia achieving **27.7 million active users** (a **16.4% increase**) compared to Q3 2024.  **[1061736_f18a4ad9c3474829b8b00d2bdd7a14bc_0]** 
- José Antonio Fernandez Carbajal is retiring from his role as CEO, and the company anticipates continued improvement in Q4 2025 results.  **[1061736_f18a4ad9c3474829b8b00d2bdd7a14bc_1]**

FEMSA Announces Third Quarter 2025 Results

- **FEMSA's total consolidated revenues** grew **9.1%** to **Ps. 214,638 million** in Q3 2025, with **income from operations** increasing **4.3%** compared to Q3 2024.  **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:0]** **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:12]** 
- **Net consolidated income** for Q3 2025 decreased **36.8%** to **Ps. 5,838 million** from Ps. 9,243 million in Q3 2024, primarily due to a non-cash foreign exchange loss and higher interest expense.  **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:1]** **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:6]** **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:12]** 
- For the first nine months of 2025, **total revenues** increased **8.4%**, while **net consolidated income** decreased **33.7%** to **Ps. 20,359 million** compared to the same period in 2024.  **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:9]** 
- **José Antonio Fernández Garza-Lagüera** has been appointed FEMSA’s Chief Executive Officer, effective **November 1st, 2025**, succeeding José Antonio Fernandez Carbajal.  **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:1]** **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:10]** 
- Strategic developments include FEMSA retaining approximately **19%** in the combined BradyPLUS and Imperial Dade company and retaining all OXXO stores in Brazil following the termination of its joint venture with Raízen.  **[1061736_0001104659-25-102872_tm2529616d1_ex99-1.htm:10]**

FEMSA Announces Q3 2025 Results and CEO Succession

MEXICAN ECONOMIC DEVELOPMENT (FMX)