Fomento Económico Mexicano, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2021
February 28, 2022 at 08:22 am EST
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Fomento Económico Mexicano, S.A.B. de C.V. reported earnings results for the fourth quarter ended December 31, 2021. For the fourth quarter, the company reported sales was MXN 151,541.64 million compared to MXN 130,328.67 million a year ago. Net income was MXN 6,717.06 million compared to net loss of MXN 1,245.09 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. 
