Fomento Económico Mexicano, S.A.B. De C.V. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019
October 27, 2019
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Fomento Económico Mexicano, S.A.B. de C.V. reported consolidated earnings results for the third quarter ended September 30, 2019. For the quarter, total revenues were MXN 130,470 million against MXN 118,371 million reported a year ago. Income from operations was MXN 12,632 million against MXN 10,699 million reported a year ago. Net consolidated income was MXN 9,613 million against MXN 6,286 million reported a year ago.
For the nine months, total revenues were MXN 374,190 million against MXN 343,038 million reported a year ago. Income from operations was MXN 33,525 million against MXN 30,223 million reported a year ago. Net consolidated income was MXN 21,962 million against MXN 17,678 million reported 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. 
