FEMSA Announces Q2 2023 Results; Total Consolidated Revenues Grew 18.3% YoY; Coca-Cola FEMSA: Total Revenues Grew 7.2% YoY
Portfolio Pulse from Happy Mohamed
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced its Q2 2023 results, showing a growth of 18.3% in total consolidated revenues compared to Q2 2022. FEMSA Retail's revenues increased by 19.9%, while Coca-Cola FEMSA's revenues grew by 7.2%. The company's digital platform, Spin by OXXO, reported 5.7 million active users, and Spin Premia had 15.8 million active loyalty users.
July 27, 2023 | 1:23 pm
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POSITIVE IMPACT
FEMSA's Q2 2023 results show significant growth in revenues, indicating a positive financial performance. This could potentially lead to a positive impact on the company's stock price.
FEMSA's Q2 2023 results show a significant increase in revenues across its various business units, including FEMSA Retail and Coca-Cola FEMSA. This indicates a strong financial performance, which could potentially lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100