Fomento Economico Mexicano S.A.B. de C.V. (FMX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Recording in progress. Hello and welcome to the PENSA first quarter 2026 conference call. My name is Sophia and I'll be your moderator for today's event. Please note that this conference is being recorded. For the duration of the call, all participants will be in a listen-only mode. You will have the opportunity to ask questions at the end of the presentation. To do so, please use the raise hand feature in Zoom and we will open your lines. If you experience any technical issues during the call, please use the chat function to request assistance. I would now like to hand the call over to Mr. Juan Fonseca, Investor Relations Director at FEMSA. Please, go ahead. Good morning, everyone, and welcome to FEMSA's first quarter 2026 results conference call. Today, we are joined by José Antonio Fernández Garza, FEMSA CEO, Martín Arias, our CFO, and Jorge Collazo, who heads Correco a la FEMSA's investor relations team. The plan is for José Antonio to open the conversation with some high-level comments on the quarter's performance and trends, followed by Martín, who will provide more granular details on the results. Finally, we will open the call for your questions. José Antonio, please go ahead. Thank you, Juan. Good morning, everyone. Before we get into the numbers, we should talk a bit about the changes we have made to improve our disclosure. As you saw in our release, we are now reporting Oxo Medico on its own, given how important its performance and trajectory continue to be for our investors and analysts. At the same time, we are reporting a new segment, Americas and Mobility, which comprises our Oxo operations outside of Mexico, as well as our fuel business in those markets where we participate in fuel, namely Mexico and the United States. This new segment contains some o...