The company Femsa presented its quarterly results, highlighting the recovery in the figures of Proximity Americas and Kof. In the former, there was an improvement in same-store sales of 3.8 percent, after a disappointing previous quarter due to adverse weather conditions.
In consolidated terms, revenues and operating cash flow were above estimates, although net income was lower than expected. According to Marco Antonio Montañez from Vector Casa de Bolsa, the widespread growth in revenues across all divisions of Femsa drove this positive result.
Femsa's CEO, José Antonio Fernández Carbajal, stated that the year-end was successful, with double-digit growth in revenues and profits. He emphasized the strength of the platform and the effort of the teams as key factors in these achievements.
Fernández Carbajal mentioned that the fourth quarter showed significant expansion in the margins of Proximity Americas and Kof, thanks to solid execution in the main markets. Additionally, he highlighted the appreciation of foreign currencies against the Mexican peso as an added benefit.
Regarding future strategy, the company continues with its "FEMSA Forward" initiative, allocating capital to its main organic projects and maintaining its annual investment commitment. A dividend increase and a proposal for stock buyback in the following year were also announced.
The market reacted positively to these announcements, causing Femsa's stock price to rise significantly. According to Alik García from VALMEX Casa de Bolsa, this reaction is due to the attractive proposed capital return initiative and the strong quarterly results presented by the company.
