Fomento Economico Mexicano SAB de CV ADR
FMX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|J@ | LOCK|N^wqG | LOCK|@d!%GcN |
Femsa Earnings: Affordability and World Cup Drive Strong Results, but Second Half Looks Challenged
Femsa grew comparable sales by 10% in the second quarter, led by 11.8% growth in Oxxo Mexico and 11.6% growth in Americas & Mobility (fuel operations and ex-Mexico Oxxo stores). Adjusted EBITDA margin expanded 40 basis points to 14.4%, driven by operating leverage and lower overhead costs.
