FMX - Fomento Económico Mexicano S.A.B. de C.V. (FMX) Q1 2024 Earnings Call Transcript
2024-04-26 17:04:03 ET
Fomento Económico Mexicano, S.A.B. de C.V. (FMX)
Q1 2024 Earnings Conference Call
April 26, 2024, 11:00 AM ET
Company Participants
Juan Fonseca - Head of IR
José Antonio Fernández - CEO, Proximity and Health Division
Martin Arias - Incoming CFO
Conference Call Participants
Carlos Laboy - HSBC
Thiago Bortoluci - Goldman Sachs
Ricardo Alves - Morgan Stanley
Robert Ford - Bank of America
Rodrigo Alcantara - UBS
Renata Cabral - Citigroup
Ben Theurer - Barclays
Alejandro Fuchs - Itaú
Presentation
Operator
Hello and welcome to FEMSA's First Quarter 2024 Results Conference Call. My name is Melisa and I will be your coordinator for today's event. [Operator Instructions]
I'll now turn the call over to Juan Fonseca, Head of Investor Relations. Please go ahead.
Juan Fonseca
Good morning everyone. And welcome to FEMSA's first quarter 2024 results conference call. Today, we are joined by José Antonio Fernández Garza Laguera, CEO of our Proximity and Health Division; Martin Arias, our Incoming CFO, and Jorge Collazo, who Heads Coca-Cola FEMSA's Investor Relations team.
As you know, one of FEMSA's strategic priorities involves engaging more directly and proactively with our key stakeholders, and that includes providing more opportunities for you, our investors and analysts, to hear from and interact with, the heads of our core business verticals. You already have that possibility with Ian Craig, given the public nature of Coke FEMSA, and we will increasingly work to provide broader access to José and Juan Carlos Guillermety in their roles as heads of the other two core operations, Proximity and Health and Digital respectively.
Therefore, as a first step, the plan is for José to open today's conversation with his vision for Proximity and Health and the key elements of the strategy to move towards that vision. Going forward, José will produce quarterly calls a year. At a later date, we also plan for Juan Carlos to present his vision for the Digital business, with the expectation that he will also join our calls once or twice a year. After José's remarks, Martin will provide an update on the business and our quarterly results. Finally, we will open the call for your questions. José, please go ahead.
José Antonio Fernández
Thank you, Juan. Good morning, everyone. It is my great pleasure and privilege to be able to be here today, to begin what I hope will be regular conversations, with all of you. As we move beyond the FEMSA forward transformation, and focus on the future of our company. I relish the chance to help pursue and capture the substantial opportunity for growth and value creation that lie at FEMSA, particularly as we continue to develop and strengthen our leadership in Proximity and Health retail.
As many of you know from following us for many years, FEMSA has always had the pursuit of long-term profitable growth, hardwired into everything we do. And we have a clear and focused blueprint, to keep achieving that objective, as we build on FEMSA's successful track record in Proximity retail. The comprehensive long-range plan that we will develop, during the past couple of years provide us with a useful roadmap....
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q1 2024 Earnings Call Transcript