MEXICAN ECONOMIC DEVELOPMENT (FMX) Company Report

Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced an accelerated share repurchase (ASR) agreement with a financial institution in the United States of America on December 2, 2025.
Under the terms of the ASR agreement, FEMSA will repurchase an aggregate amount of USD $260 million of its American Depositary Shares (ADS).
An initial delivery of 540,035 ADSs is scheduled for December 3, 2025, with the final settlement of the agreement expected by the first quarter of 2026.

3 days ago

6-K

FEMSA Reports Q3 2025 Results and Announces CEO Transition

FMX

Earnings

CEO Change

Revenue Acceleration/Inflection

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.
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.
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.
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.
FEMSA distributed $11.8 billion pesos in dividends during the quarter but was not active in share buybacks.

Oct 28, 2025, 2:30 PM

Transcript

FEMSA Reports Q3 2025 Results and CEO Transition

FMX

CEO Change

Earnings

New Projects/Investments

José Antonio Fernández Carbajal is stepping down as CEO at the end of the week, with José Antonio Fernández Garza-Laguera assuming the role.
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.
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.
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.

Oct 28, 2025, 2:30 PM

Transcript

FEMSA Announces Q3 2025 Results and CEO Transition

FMX

Earnings

CEO Change

Dividends

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.
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. The incoming CEO emphasized strategic continuity with the FEMSA Forward plan.
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. Bara's same-store sales grew 10.8%.
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.
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.

Oct 28, 2025, 2:30 PM

Transcript

FEMSA Announces Third Quarter 2025 Results and CEO Transition

FMX

Earnings

CEO Change

Revenue Acceleration/Inflection

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.
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.
José Antonio Fernandez Carbajal, FEMSA’s Chief Executive Officer, announced he is stepping back from his CEO role.

Oct 28, 2025, 12:55 PM

Press Release

FEMSA Announces Third Quarter 2025 Results

FMX

Earnings

CEO Change

Guidance Update

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.
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.
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.
José Antonio Fernandez Carbajal is retiring from his role as CEO, and the company anticipates continued improvement in Q4 2025 results.

Oct 28, 2025, 12:54 PM

Press Release

FEMSA Announces Q3 2025 Results and CEO Succession

FMX

Earnings

CEO Change

M&A

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.
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.
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.
José Antonio Fernández Garza-Lagüera has been appointed FEMSA’s Chief Executive Officer, effective November 1st, 2025, succeeding José Antonio Fernandez Carbajal.
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.

Oct 28, 2025, 12:33 PM

6-K

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