Fomento Económico Mexicano Q4 Revenue Up 5.7% as OXXO Sales Recover and Record December Volumes
Fomento Económico Mexicano posted Q4 revenue growth of 5.7% year-over-year, driven by sequential recovery at OXXO and full ownership of OXXO Brazil. Coca-Cola FEMSA delivered record December volumes across its top four markets and the company launched a corporate restructure to boost efficiency and top-line benefits through 2027.
1. Q4 Financial Results
Fomento Económico Mexicano reported Q4 revenue of MXN 258 billion, a 5.7% increase year-over-year. The growth was supported by improved retail and beverage operations, offsetting pressure from newly implemented taxes in Mexico.
2. Operational Highlights
In Mexico, OXXO recovered sequential traffic and drove comparable sales toward the mid-single-digit range, while the company completed full ownership of OXXO Brazil. Coca-Cola FEMSA achieved consolidated volume growth with record December volumes across its four largest markets.
3. Corporate Restructuring and Outlook
The company launched a restructuring to streamline its corporate structure and align Spin with OXXO, targeting efficiency and top-line benefits through 2027. CEO Jose Antonio Fernandez Garza-Laguera cited a soft but stabilizing consumer environment and emphasized growth opportunities in Mexico and international markets.
4. Analyst Update
Barclays raised its price target on FEMSA to $116 from $105 and maintained an Equal Weight rating after updating estimates for the fourth quarter. The revision reflects confidence in the company’s diversified platform and near-term operational improvements.