FEMSA Announces Fourth Quarter 2025 Results
MWN-AI** Summary
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced its financial results for the fourth quarter of 2025, highlighting robust growth in total consolidated revenues, which rose by 5.7%, alongside an 8.5% increase in income from operations compared to the fourth quarter of 2024. The retail segment, particularly within Proximity Americas, saw total revenues grow by 5.3% and income from operations increase by 7.7%.
A standout feature of the quarter was the performance of Spin by OXXO, which achieved 10.5 million active users—a 22% growth year-over-year. The loyalty service, Spin Premia, also demonstrated significant traction with 28.1 million active users, reflecting a 13.8% increase. During this period, the average tender at OXXO Mexico jumped to 49.3%, up from 40.7% the previous year.
Coca-Cola FEMSA also reported encouraging results, with revenues and income from operations growing by 2.9% and 13.3%, respectively. The combined performance of these sectors illustrates FEMSA's solid positioning in both retail and beverage markets.
Jose Antonio Fernández Garza-Lagüera, FEMSA’s newly appointed CEO, expressed optimism about the company’s opportunities, emphasizing the strengths of OXXO and Coca-Cola FEMSA. He highlighted a strategic restructuring aimed at enhancing efficiency, including the integration of corporate teams and a realigned digital strategy focused on maximizing the potential of their platforms.
Looking forward, despite challenges such as a soft consumer environment and new taxes in Mexico, FEMSA remains optimistic about maintaining its momentum in 2026 and beyond. The company is poised to leverage its diversified operations to pursue an ambitious growth agenda in the global market.
MWN-AI** Analysis
FEMSA's recent earnings report for Q4 2025 showcases promising growth across its business segments, signaling both resilience and potential for investors in the company. Total consolidated revenues rose by 5.7%, with significant contributions from both the Proximity Americas and Coca-Cola FEMSA divisions. The robust performance, particularly from Coca-Cola FEMSA with an 8.5% increase in income from operations, highlights the company's ability to navigate challenges while capitalizing on strong brand presence and consumer demand.
One of the standout elements is the impressive growth of digital initiatives under Spin by OXXO, which saw active users increase by 22.0%. This digital transformation is crucial, as it reflects FEMSA’s proactive approach in adapting to changing consumer behaviors, particularly post-pandemic. The increase in average tender at OXXO Mexico, from 40.7% to 49.3%, points to enhanced customer engagement and operational efficiency.
However, investors should note the company's acknowledgment of an unstable yet stabilizing consumer environment in Mexico, alongside the challenges posed by recent tax reforms. While FEMSA maintains a positive outlook, the impact of these factors on consumer spending should be closely monitored.
With a focus on efficiency stemming from organizational restructuring and a strategic emphasis on integrating digital platforms, there are long-term benefits anticipated to materialize by 2027. The company’s diversified operations across the Americas and Europe further provide a buffer against regional economic fluctuations.
In terms of stock recommendations, FEMSA could be a suitable addition for long-term investors seeking to capitalize on a company with strong fundamentals and growth potential, while remaining vigilant regarding external economic pressures that may affect profitability. As always, due diligence and market monitoring are advisable before making investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
MONTERREY, Mexico, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the fourth quarter of 2025.
- FEMSA: Total Consolidated Revenues grew 5.7% and Income from Operations increased 8.5% compared to 4Q24.
- FEMSA RetailA: Proximity Americas total Revenues grew 5.3% and Income from operations increased 7.7% versus 4Q24.
- SPIN: Spin by OXXO had 10.5 million active usersB representing 22.0% growth compared to 4Q24 while Spin Premia had 28.1 million active loyalty usersB representing 13.8% growth compared to 4Q24, and an average tenderC at OXXO Mexico of 49.3% which increased from 40.7% in 4Q24.
- COCA-COLA FEMSA: Total Revenues and Income from Operations grew 2.9% and 13.3%, respectively against 4Q24.
| Financial Summary for the Fourth Quarter 2025 Change vs. comparable period | ||||||||
| Total Revenues | Gross Profit | Income from Operations | Same-Store Sales | |||||
| As Reported | 4Q25 | YTD25 | 4Q25 | YTD25 | 4Q25 | YTD25 | 4Q25 | YTD25 |
| FEMSA Consolidated | 5.7% | 7.6% | 0.5% | 6.2% | 8.5% | 4.7% | ||
| Proximity Americas | 5.3% | 7.0% | 6.1% | 8.4% | 7.7% | 1.4% | 4.4% | 1.0% |
| Proximity Europe | 2.5% | 14.6% | (10.5%) | 8.9% | 10.8% | 20.4% | N.A. | N.A. |
| Health | 4.6% | 10.5% | (34.7%) | (0.8%) | (52.3%) | (13.1%) | 4.7% | 8.0% |
| Fuel | 3.6% | 2.8% | 2.1% | 3.2% | 8.4% | 2.8% | 8.7% | 6.9% |
| Coca-Cola FEMSA | 2.9% | 4.3% | 1.8% | 3.4% | 13.3% | 7.0% | ||
| Comparable(A) | ||||||||
| FEMSA Consolidated | 5.2% | 4.9% | 1.3% | 4.2% | 9.6% | 2.1% | ||
| Proximity Americas | 6.3% | 3.7% | 6.4% | 6.7% | 8.4% | (2.9%) | 4.5% | N.A. |
| Proximity Europe | 2.3% | 3.2% | 0.3% | (2.0%) | 10.8% | 8.8% | N.A. | N.A. |
| Health | 6.7% | 6.3% | (5.5%) | (4.2%) | (50.5%) | (15.4%) | 9.2% | N.A. |
| Fuel | 3.6% | 2.8% | 2.1% | 3.2% | 8.4% | 2.8% | 8.7% | 6.9% |
| Coca-Cola FEMSA | 6.0% | 6.5% | 4.6% | 5.2% | 167% | 7.0% | ||
Jose Antonio Fernández Garza-Lagüera, FEMSA’s Chief Executive Officer, commented:
“As I begin my tenure at the helm of this amazing Company, I am humbled by the responsibility but excited at the size and relevance of the opportunities ahead for FEMSA. The people that built this business over the past 135 years, and those who led them before me, created one of the premier enterprises not only in Mexico or Latin America, but I truly believe, in the world.
I am convinced we have in OXXO and Coca-Cola FEMSA, two of the most remarkable and valuable assets in their respective global industries, not just because of what they represent today, but just as importantly, what they can become in the future. There are many opportunities for our retail and beverage platforms to continue to grow, in Mexico and beyond, consistent with our strategic intent of creating economic and social value wherever we operate.
During the fourth quarter, our results in Mexico maintained the positive trend that we first saw during the third quarter, particularly at OXXO, where traffic continued to recover sequentially helping us achieve comparable sales approaching the mid-single digit range. Outside of Mexico, OXXO again showed positive dynamics in South America, and we were able to close the transaction giving us full ownership of OXXO Brazil, while in Europe the team delivered strong operating income for the period. For its part, Coca-Cola FEMSA closed the year on a strong note, with consolidated volume growth and the highest December volumes in its history for the four largest operations.
Beyond the operational results, we have launched an important restructuring effort that includes the integration of the corporate teams from the Proximity & Health division into FEMSA corporate, creating a flatter, more efficient structure, as well as aligning Spin closer to OXXO and refocusing our digital strategy to maximize the combined potential of our unique platform. The efficiency and top line benefits derived from this effort will ramp up during this year and will be fully in place for 2027 and beyond.
As we look ahead at 2026, despite still facing a soft but stabilizing consumer environment and recently implemented taxes on important categories in our key Mexico market, we like our current momentum across most of our business units, and we are optimistic that the resilience and strength of our geographically diversified platform will again serve us well as we pursue our ambitious growth agenda.”
| CONFERENCE CALL INFORMATION |
| Our fourth quarter 2025 Conference Call will be held on: Wednesday, February 25, 2026, 12:00 PM Eastern Time (11:00 AM Mexico City Time). The conference call will be live through our Zoom link. For registration, please visit: |
| Registration: https://bit.ly/FEMSA_4Q25 |
| If you are unable to participate live, the conference call audio will be available on https://femsa.gcs-web.com/financial-reports/quarterly-results |
ABOUT FEMSA
FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.
_____________
(A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
A FEMSA Retail: Proximity Americas & Europe, Fuel and FEMSA Health.
B Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days.
Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.
C Tender: OXXO MXN sales with Spin Premia redemption or accrual / Total OXXO MXN Sales, during the period.
Investor Contact(52) 818-328-6000investor@femsa.com.mxfemsa.gcs-web.comMedia Contact(52) 555-249-6843comunicacion@femsa.com.mxfemsa.com
FAQ**
How does Fomento Economico Mexicano S.A.B. de C.V. FMX plan to navigate the challenges posed by recently implemented taxes in Mexico to maintain revenue growth in 2026?
What measures is Fomento Economico Mexicano S.A.B. de C.V. FMX taking to enhance the integration of Spin with OXXO and refocus its digital strategy for improved operational efficiency?
Given that Fomento Economico Mexicano S.A.B. de C.V. FMX reported strong volume growth for Coca-Cola FEMSA, what strategies will be employed to sustain this momentum in the competitive beverage market?
What are the key components of Fomento Economico Mexicano S.A.B. de C.V. FMX's ambitious growth agenda for 2026, particularly in light of the soft consumer environment?
**MWN-AI FAQ is based on asking OpenAI questions about Fomento Economico Mexicano S.A.B. de C.V. (NYSE: FMX).
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