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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%