Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced its operational and financial results for the fourth quarter and full year of 2024 on February 27, 2025. In the fourth quarter, FEMSA delivered double-digit growth in revenues, gross profit, and income from operations across most business units, supported by foreign exchange tailwinds from international operations. Net income for Q4 was $325.4 million, or 91 cents per share.
The company achieved strong margin expansion at its largest operations, Proximity Americas and Coca-Cola FEMSA, leveraging execution in core markets. For the full year, margin expansion was also observed at Proximity Europe and Fuel. FEMSA continued to progress with its 'FEMSA Forward' plan and returned record amounts of capital in 2024 through dividends and share repurchases, with plans to accelerate these returns in 2025 and 2026.
Additionally, FEMSA's Corporate Practices and Nominations Committee formally launched the succession process for the CEO position. This initiative aims to ensure a smooth leadership transition as the company navigates an increasingly challenging consumer environment in several markets, particularly Mexico, in 2025.
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