FEMSA Announces Third Quarter 2024 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Source: Newsfilter
Financial Performance: FEMSA reported an 8.3% increase in total consolidated revenues and a 14.6% rise in income from operations for Q3 2024 compared to the same period last year, with notable growth in its Coca-Cola FEMSA and digital services sectors.
Operational Insights: Despite a challenging consumer environment in Mexico, FEMSA's various business units showed encouraging results, including strong performance in Proximity Europe and ongoing expansion in digital user engagement through Spin by OXXO and Spin Premia.
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Analyst Views on FMX
Wall Street analysts forecast FMX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMX is 103.50 USD with a low forecast of 102.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 108.090
Low
102.00
Averages
103.50
High
105.00
Current: 108.090
Low
102.00
Averages
103.50
High
105.00
About FMX
Fomento Economico Mexicano SAB de CV, formerly known as Valores Industriales SA, is a Mexico-based holding company. The Company’s scope of activities is divided into three primary business divisions based on the Firm’s subsidiaries’ operations: Coca-Cola FEMSA, which focuses on manufacturing, marketing, selling, and distributing of various kinds of beverages primarily through Coca-Cola FEMSA SAB de CV as well as its subsidiaries; Proximidad & Salud, which is related to retail-sale operations conducted in American countries such as Mexico, Brasil, Colombia, and European countries, including Germany, Switzerland, among others, as well as running a chain of gasoline stations in Mexico; Digital@FEMSA, which is engaged in providing digital-ecosystem solutions connected with virtual payments, issuing gift cards, and other financial services. Additionally, through its other subsidiaries, the Firm is also involved in industries such as logistics and foodservice.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Fomento Economico Mexicano Surpasses 200-Day Moving Average - Positive Outlook for FMX
- 52 Week Range: FMX's stock has a 52-week low of $81.075 and a high of $108.74, with the last trade recorded at $100.38.
- Dividend Stocks: There is a mention of other dividend stocks that have recently crossed above their 200-day moving average.
- Author's Opinion: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
- Market Analysis: The information provided includes a brief analysis of FMX's stock performance within the context of its trading range.

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