Company
FEMSA
Official Name: Fomento Económico Mexicano, S.A.B. de C.V.
Headquarters: Monterrey, NL, Mexico
Founded: 1890
Employees: 320,808
CEO: Mr. Alfonso Garza Garza
Market Cap
MX$384.30 Billion
MXN as of Jan. 1, 2024
US$22.64 Billion
Top Competitors by Market Capitalization
Industry: Beverages—Brewers
| Company | Market Cap (USD) |
|---|---|
| AB InBev | $129.00 B |
| Heineken N.V. | $57.68 B |
| Ambev SA | $44.27 B |
| Heineken Holding N.V. | $24.04 B |
| Budweiser Brewing Company APAC Ltd | $23.78 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Walmart | $428.87 B |
| Procter & Gamble | $350.35 B |
| Kweichow Moutai | $299.54 B |
| Costco | $287.69 B |
| L'Oréal | $262.20 B |
Detailed Description
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages, including low-sugar or sugar-free carbonated beverages; refreshing juices, nectars, and fruit-based drinks; purified, and carbonated and flavored water; coffees, teas, and sports and energy drinks; and dairy products and products based on vegetable protein. It also operates small-box retail chain stores in Mexico, Colombia, Peru, the United States, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of coolers, commercial refrigeration equipment, and plastic cases; food processing, preservation, and weighing equipment; and provision of logistic transportation and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2020, it operated 19,566 OXXO small-format stores; 3,368 drugstores; and 558 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico.
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Stocks & Indices
Fomento Económico Mexicano, S.A.B. de C.V. has the following listings and related stock indices.
Stock: BMV: FEMSAUBD wb_incandescent
Stock: NYSE: FMX wb_incandescent
Stock: BCBA: FMX wb_incandescent
Stock: FSX: FOMA wb_incandescent
Key People
José Antonio Fernández (Chairman) Eduardo Padilla Silva (CEO) John Anthony Santa María Otazúa (CEO of Coca- Cola F E M S A) Daniel Alberto Rodriguez Cofre (CEO of F E M S A Comercio)
Financials
Revenue: MXN$506.7 billion (2019)
Net income: MXN$28.0 billion (2019)
Total assets: MXN$637.5 billion (2019)