Overview
- FEMSA said on July 28 that consolidated revenue rose 9.3%, operating profit increased 7.2% and net income jumped 64.9%, with part of the profit surge coming from favorable currency moves and earnings from associates.
- OXXO Mexico led the quarter with revenue up 11.8%, operating income up 12.3%, same‑store sales up 9.5%, a 7.4% rise in average ticket and a 2% recovery in customer traffic, helped materially by FIFA World Cup activity and Panini sticker sales.
- Management announced 253 net store openings in Q2 for a total of 24,708 Mexican outlets and said it will reposition OXXO toward daily replenishment by expanding basic groceries, smaller pack sizes, food‑to‑go and private‑label options.
- FEMSA disclosed a strategic capital agreement with QED Investors to scale Spin's consumer credit business while retaining majority ownership and signaled it is again evaluating a bank license as a longer‑term funding option.
- Executives cautioned that World Cup effects are temporary, warned of weak consumer demand and tighter comparables in H2, and said success will depend on faster upgrades to distribution, pricing execution and risk controls for the new credit push.