FEMSA Announces Third Quarter 2023 Results
MONTERREY, Mexico, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2023.
- FEMSA: Total Consolidated Revenues grew 19.3% against 3Q22.
- FEMSA Retail1: Proximity Americas total Revenues increased 20.8% against 3Q22.
- DIGITAL: Spin by OXXO had 6.4 million active users2 while Spin Premia had 17.7 million active loyalty users2 and an average tender3 of 28.3%.
- COCA-COLA FEMSA: Total volume and revenues grew 11.6% and 10.1%, respectively, against 3Q22.
Financial Summary for the Third Quarter and First Nine Months 2023 Change vs. comparable period |
||||||||
Total Revenues | Gross Profit | Income from Operations | Same-Store Sales | |||||
3Q23 | YTD23 | 3Q23 | YTD23 | 3Q23 | YTD23 | 3Q23 | YTD23 | |
FEMSA Consolidated | 19.3% | 19.4% | 22.1% | 21.3% | 12.6% | 8.8% | ||
Proximity Americas | 20.8% | 20.8% | 23.9% | 21.1% | 14.7% | 17.2% | 15.1% | 16.1% |
Health | 0.2% | 0.1% | (0.6%) | 3.6% | (10.4%) | (5.7%) | (3.6%) | (3.5%) |
Fuel | 14.2% | 14.3% | 10.2% | 12.4% | 3.3% | 10.1% | 8.1% | 8.8% |
Coca-Cola FEMSA | 10.1% | 9.2% | 13.6% | 10.9% | 15.3% | 13.0% |
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