FMX Earnings Prediction
The chart below shows how FMX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FMX sees a -3.46% change in stock price 10 days leading up to the earnings, and a +2.60% change 10 days following the report. On the earnings day itself, the stock moves by +1.40%. This data can give you a slight idea of what to expect for the next quarter's release.
FMX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
10.40B
-5.71%
-9.85%
Gross Margin
40.34%
5.27%
-2.75%
Operating Margin
8.79%
2.69%
0.34%
Net Margin
6.60%
-10.93%
-14.06%
EPS
0.09
-43.75%
-55.00%
No Data Available
FMX Earnings Analysis
FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. Corporation (FMX.N) Earnings Conference Call
Positive
Strong Q3 Financial Performance: During the third quarter, Proximity and Health delivered a solid set of results. As you look at our financials, you see growth almost everywhere and margin expansion in all the right places.
Business Strength and Growth: This is certainly positive and a testament to the strength of our business platform, the skill of our teams and the permanent effort to grow and improve quarter after quarter, year after year.
Revenue and Margin Expansion: Total revenues grew by 4.8%, driven primarily by a steady growth in our store base. Gross margin, once again, expanded above trend by 300 basis points to reach 44.2%.
Operating Income and Margin Growth: Operating income increased by 5.9%, while the operating margin expanded by 40 basis points and stood at 4.9%, reflecting effective cost management and operational efficiency.
Health Division Revenue Increase: In the Health division, total revenues posted a 12.5% increase in pesos with same-store sales growth of 7.4%. This reflects a strong performance in Colombia's retail segment, complemented by steady results in Chile and with favorable currency dynamics, which contributed to approximately half of the overall result.
Negative
Net Income Decline: Net consolidated income decreased 27.5% to MXN 9.2 billion, driven by a higher interest expense of MXN 4.4 billion.
Traffic Decline Analysis: Average traffic contracted 5.7%, reflecting a wetter and cooler third quarter, negatively impacting key consumption occasions.
Same-Store Sales Performance: Same-store sales at Proximity Americas came in flat for the quarter, indicating a lack of growth in this segment.
Consumer Environment Weakness: The slowing consumer environment in Mexico contributed to overall weakness, particularly in key categories like beer and soft drinks.
Operating Income Decline: Operating income decreased by 27.5% compared to the same period last year, reflecting challenges in maintaining profitability.
FMX FAQs
How does FMX typically perform around its earnings report dates?
Is Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2024 Earnings Call Summary positive or negative?
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FMX Earning Call Sentiment
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2024 Earnings Call Transcript
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FMX.N
5.16%Positive
The earnings call presents a mixed yet overall positive sentiment. Strong operating income growth, increased gross margin, and positive developments in digital and health divisions are highlights. Despite a decline in net income, optimistic guidance and strategic initiatives, such as store expansions and share buybacks, suggest potential growth. While some uncertainties remain, particularly with OXXO's same-store sales, the positive aspects outweigh the negatives, leading to a positive stock price prediction.
