Fomento Económico Mexicano. de Third Quarter 2024 Earnings: Misses Expectations

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

Key Financial Results

• Revenue: Mex$196.8b (up 4.6% from 3Q 2023).
• Net income: Mex$9.65b (down 12% from 3Q 2023).
• Profit margin: 4.9% (down from 5.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: Mex$2.70 (down from Mex$3.05 in 3Q 2023).

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

Fomento Económico Mexicano. de Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Beverage industry in South America.

Performance of the market in Mexico.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Fomento Económico Mexicano. de's balance sheet health.

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