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FEMSA Announces First Quarter 2024 Results
MONTERREY, Mexico, April 26, 2024 (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 first quarter of 2024.
FEMSA: Total Consolidated Revenues grew 11.3% compared to 1Q23.
FEMSA Retail1: Proximity Americas total Revenues increased 15.1% versus 1Q23.
DIGITAL: Spin by OXXO had 7.4 million active users2 while Spin Premia had 21.7 million active loyalty users3 and an average tender3 of 35.1%.
COCA-COLA FEMSA: Total volume and revenues grew 7.3% and 11.2%, respectively against 1Q23.
Financial Summary for the First Quarter 2024
Change vs. comparable period
Total Revenues
Gross Profit
Income fromOperations
Same-Store Sales
1Q24
1Q24
1Q24
1Q24
FEMSA Consolidated
11.3%
10.9%
14.4%
Proximity Americas
15.1%
19.9%
11.5%