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Fomento Economico Mexicano SAB de CV ADR - Stock Quote FMX

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Morningstar's Fomento Economico Mexicano SAB de CV ADR Stock Analysis

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Dropping Coverage of Femsa

David Swartz Equity Analyst

Analyst Note

| David Swartz |

We are dropping coverage of Femsa. We provide broad coverage of more than 1,500 companies globally and periodically adjust our coverage according to investor interest and staffing.

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Key Statistics - FMX

Fomento Economico Mexicano SAB de CV ADR's Company Profile

Business Description

Based in Mexico, Femsa is a conglomerate with controlling interests in four entities: publicly traded Coca-Cola Femsa (47% economic interest and 56% voting interest), Femsa Comercio, logistics and distribution, and CB Equity. The latter has a roughly 15% stake in Heineken, while Comercio operates through three business units: proximity, which contains Oxxo, the largest small-format chain in the Americas, with convenience stores in Mexico and South America (including Brazil through a joint venture with Raizen); health, which operates pharmacies across a geographic footprint like Oxxo; and fuel, which operates retail service stations under franchisee arrangements in Mexico. Femsa is also building logistics services and specialized distribution in the United States.

Contact
General Anaya No. 601 Pte., Colonia Bella Vista
Monterrey, NL, 64410, Mexico
T +52 8183286167
Industry Beverages - Brewers
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 320,000

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