Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Mexico
  4. Mexican Stock Exchange
  5. Fomento Económico Mexicano, S.A.B. de C.V.
  6. News
  7. Summary
    FEMSA UBD   MXP320321310

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

(FEMSA UBD)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Fomento Económico Mexicano B de C : Mexico's Femsa reports quarterly loss, sees recovery on horizon

03/01/2021 | 08:55am EDT

MONTERREY, Mexico, March 1 (Reuters) - Femsa on Monday reported a net loss of 1.2 billion pesos ($62 million) in the fourth quarter, after a fierce new COVID-19 wave slowed sales at the Mexican conglomerate's gas stations and vast chain of Oxxo convenience stores.

"A new wave of COVID cases and virus variants brought more stringent operating restrictions and again hampered customer mobility," Femsa Chief Executive Eduardo Padilla said in the company's earnings report.

"Short-term uncertainty levels remain high, but we anticipate an eventual recovery to take hold on the back of broad vaccination efforts and a pandemic that gradually cedes ground to normalcy as the year advances," he added.

The Monterrey-based bottler of Coca-Cola products and retailer posted total revenue of 130.3 billion pesos, down 1.5% from the fourth quarter in 2019.

Revenues for Femsa's gas stations fell 31%, as stay-at-home measures reduced mobility, while sales at Oxxo convenience stores fell 2.4%, driven by declines in store traffic, the company said.

The only Femsa business that grew was its pharmacy unit, with a 15.4% revenue increase, due to sustained demand.

(1 U.S. dollar = 19.9500 pesos) (Reporting by Laura Gottesdiener in Monterrey and Noe Torres in Mexico City; Writing by Laura Gottesdiener; Editing by David Alire Garcia, Bernadette Baum and Paul Simao)


© Reuters 2021
All news about FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.
05/19FOMENTO ECONÓMICO MEXICANO B DE C  : FEMSA Announces Redemption Price of Notes (..
PU
05/04FOMENTO ECONÓMICO MEXICANO, S.A.B. D : Ex-dividend day for interim dividend
FA
04/29FOMENTO ECONÓMICO MEXICANO B DE C  : Financial Statements 1Q21
PU
04/29FOMENTO ECONÓMICO MEXICANO B DE C  : Economico Mexicano Posts Q1 Earnings, Reven..
MT
04/15Walmart flagged for failing cage-free chicken test in Latin America
RE
04/07Proxy adviser Glass Lewis recommends rejecting Heineken CEO pay-off
RE
04/05FOMENTO ECONÓMICO MEXICANO B DE C  : Itau BBA Upgrades Fomento Economico Mexican..
MT
03/26Mexico's president invites big business to debate energy laws
RE
03/12FOMENTO ECONÓMICO MEXICANO B DE C  : UBS Adjusts Price Target on Fomento Economi..
MT
03/09FOMENTO ECONÓMICO MEXICANO B DE C  : BofA Securities Upgrades Fomento Economico ..
MT
More news
Financials
Sales 2021 535 B 26 294 M 26 294 M
Net income 2021 21 428 M 1 052 M 1 052 M
Net Debt 2021 95 215 M 4 675 M 4 675 M
P/E ratio 2021 28,6x
Yield 2021 1,35%
Capitalization 556 B 27 703 M 27 312 M
EV / Sales 2021 1,22x
EV / Sales 2022 1,10x
Nbr of Employees 313 693
Free-Float 99,0%
Chart FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.
Duration : Period :
Fomento Económico Mexicano, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 183,41 MXN
Last Close Price 172,13 MXN
Spread / Highest target 28,4%
Spread / Average Target 6,56%
Spread / Lowest Target -12,9%
EPS Revisions
Managers and Directors
NameTitle
Miguel Eduardo Padilla Silva Chief Executive Officer & Director
Eugenio Garza Y. Garza Director-Finance & Corporate Development
José Antonio Fernández Carbajal Executive Chairman
Gerardo Estrada Attolini Director-Administration & Control
Robert Edwin Denham Independent Director
Sector and Competitors