Fomento Economico Mexicano SAB de CV ADR
FMX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|%t | LOCK|%kS!k | LOCK|X?D$Mh |
Femsa Earnings: Oxxo Results Soft Amid Macro Headwinds, but Digital Initiatives Show Promise
Femsa grew sales by 6% in the second quarter, but operating profits rose only 1% as Oxxo was a drag (profits down 3%) and the bottling business was flat. Marking its progress in digital, the firm posted user growth of 19% and 17% in its payment and loyalty programs, respectively.
