Fomento Económico Mexicano, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 08:32 am EDT
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Fomento Económico Mexicano, S.A.B. de C.V. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MXN 137,058 million compared to MXN 114,514 million a year ago. Operating income was MXN 13,973 million compared to MXN 7,456 million a year ago. Net income was MXN 3,082 million compared to net loss of MXN 11,692 million a year ago. For the half year, sales was MXN 261,556 million compared to MXN 236,716 million a year ago. Operating income was MXN 23,498 million compared to MXN 16,970 million a year ago. Net income was MXN 7,647 million compared to net loss of MXN 3,911 million a year ago.
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. 
