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4d ago

Femsa’s Q2 Revenues Rise 6.3% as U.S. Expansion Offsets Mexico Slowdown

A 3.4% rise in EBITDA accompanied by a 1.2% net-profit gain fell short of analyst consensus following rising costs, falling same-store sales.

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Overview

  • Femsa’s Q2 consolidated revenue reached 211.4 billion pesos, a 6.3% year-on-year increase driven by Oxxo’s U.S. store expansion and a weaker peso.
  • Sales excluding currency effects rose just 2.2%, highlighting the impact of peso depreciation on underlying growth.
  • Operating cash flow (EBITDA) climbed 3.4% to 29.6 billion pesos and net income reached 17.8 billion pesos, marking modest gains amid higher costs.
  • Proximidad Americas same-store sales fell 0.4% as customer traffic dipped 6.6%, with a matching ticket rise leaving operating profit roughly unchanged.
  • Proximidad Europe, health and fuels divisions delivered double-digit EBITDA growth and the company is rolling out more store openings, pricing tweaks and larger pack sizes to counter volume weakness.