Fomento Económico Mexicano. de Second Quarter 2024 Earnings: Beats Expectations

Fomento Económico Mexicano. de (BMV:FEMSAUBD) Second Quarter 2024 Results

Key Financial Results

• Revenue: Mex$198.7b (up 16% from 2Q 2023).
• Net income: Mex$12.2b (up 21% from 2Q 2023).
• Profit margin: 6.1% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: Mex$3.40 (up from Mex$2.82 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fomento Económico Mexicano. de Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Beverage industry in South America.

Performance of the market in Mexico.

The company's shares are down 3.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Fomento Económico Mexicano. de's balance sheet.

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