Fomento Económico Mexicano, S.A.B. de C.V. (FEMSAUBD) Earnings Call Transcripts

Fomento Económico Mexicano, S.A.B. de C.V.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, FEMSA reported total revenues of 6.1% year-over-year growth, driven primarily by OXXO Mexico's recovery and strong performance in the Americas & Mobility segment. Operating income increased by 5.5%, with OXXO Mexico achieving an impressive 8.3% revenue growth despite challenging market conditions. Management maintained a cautious outlook, emphasizing ongoing efforts to improve traffic and same-store sales, while signaling potential for further profitability improvements in the Americas & Mobility segment as it scales.

Reported metrics

Guidance from management

Management maintained a cautious outlook, indicating ongoing efforts to improve traffic and same-store sales, particularly in OXXO Mexico. They expect to gradually improve profitability in the Americas & Mobility segment as it scales.

What management said

Good morning, everyone, and welcome to FEMSA's First Quarter 2026 Results Conference Call. Today, we are joined by Jose Antonio Fernandez Garza, FEMSA's CEO; Martin Arias, our CFO; and Jorge Collazo, who heads Coca-Cola FEMSA's Investor Relations team. The plan is for Jose Antonio to open the conversation with some high-level comments on the quarter's performance and trends, followed by Martin, who will provide more ...

Sure. I mean one big driver without doubt was the decline in losses in Spin. And again, generally, our efforts at cost containment. One has to be careful with Others line because sometimes that all the forward things and businesses that are coming in and out. But generally, I think from last quarter to this quarter, the best progress that was made was on the reduction of the Spin. The benefits from cost reductions wi...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of traffic growth in OXXO Mexico, particularly in light of recent security issues affecting certain regions. Additionally, there were questions about the performance of the Health division and the impact of new taxes on consumer behavior.

Main topics on the call

• OXXO Mexico Recovery — OXXO Mexico reported an 8.3% revenue growth driven by same-store sales growth of 6%. Management noted, "We believe that these revenue trends reflected our continued focus on affordability through promotional activity and...
• Americas & Mobility Segment Growth — The new Americas & Mobility segment delivered total revenues of 25 billion pesos, increasing 12.9% year-over-year. Management highlighted same-store sales growth of over 20% in local currency in Latin America excluding B...
• Health Operations Performance — The Health division's revenue grew by only 0.9% year-over-year, with management acknowledging "soft margins in Chile" and continued losses in Mexico. This segment remains a concern as it struggles with profitability.
• Gross Margin Expansion — OXXO Mexico achieved a gross margin of 46.2%, expanding by 140 basis points year-over-year. Management stated, "We achieved selling expense containment with growth in line with expansion plus inflation," reflecting effec...

Read the full Fomento Económico Mexicano, S.A.B. de C.V. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Fomento Económico Mexicano, S.A.B. de C.V. earnings call transcripts on record, spanning February 27, 2020 to July 28, 2026. Based on this history, Fomento Económico Mexicano, S.A.B. de C.V. reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FEMSAUBD

Exchange

BMV

Country

MX

Sector

Consumer Staples

Industry

Beverages

Calls on record

28

First call

February 27, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly