Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced its operational and financial results for the first quarter of 2025 on April 28, 2025. The company reported navigating a challenging environment, particularly in Mexico, leveraging its diversified business platform. Net income for the quarter was $284.1 million, or 79 cents per share.
Coca-Cola FEMSA delivered solid results, benefiting from strong volume performance and currency tailwinds in most South American markets, which offset softer trends in Mexico. International health retail operations also showed promising performance, enhanced by favorable foreign exchange tailwinds.
Proximity Americas experienced a slower start to the year, with OXXO Mexico seeing a decline in same-store traffic due to an adverse calendar, a soft consumer environment, and a demanding comparison base. Despite strong gross margin performance, higher labor costs impacted expenses. FEMSA has initiated cost-cutting and revenue-driving initiatives and anticipates a recovery towards mid-year, gaining momentum in the third quarter and beyond.
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