Barclays Cuts FEMSA (FMX) Target to $105, Keeps Equal Weight Rating

In a antithetic update, FEMSA reported Q3 2025 results connected October 28, successful which the 7 Mexican pesos EPS missed the expert statement estimation by 15.34. Revenue for the 4th was 214.64 cardinal Mexican pesos, coming successful supra the statement forecast of 211.54 cardinal Mexican pesos. The gross is 9.1% supra that of Q3 2024, and absorption explained that the maturation came connected the backmost of increases crossed each concern units, including favorable currency speech rates and effects from mergers and acquisitions.​

Net consolidated income successful the 4th fell by 36.8% year-over-year, to 5.8 cardinal Mexican pesos. The diminution was attributed to a non-cash overseas speech nonaccomplishment of 1.3 cardinal Mexican pesos relating to the company’s US dollar-denominated currency position. In the aforesaid 4th past year, FEMSA recorded a overseas speech summation of 4.3 cardinal Mexican pesos. The institution besides reported that it distributed dividends amounting to 11.8 cardinal Mexican pesos for the quarter.

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) is simply a multinational Mexican conglomerate that operates the largest autarkic Coca-Cola bottling radical globally. It besides owns OXXO, Mexico’s largest convenience store chain.

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