Fomento Economico Mexicano S.A.B. de C.V. (FMX) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to today's FEMSA's third quarter 2025 results conference call. My name is Sergey and I will be your coordinator for today's event. Throughout today's recorded presentation, all participants will be in a listen-only mode. Later, we will conduct a question and answer session. You may register for questions at any time by pressing star 1 on your telephone keypad. And now I'd like to hand the call over to Juan Fonseca. Please go ahead, sir. Good morning, everyone, and welcome to FEMSA's third quarter 2025 results conference call. Today, we are joined by our CEO and Chairman, Jose Antonio Fernandez-Carvajal, Jose Antonio Fernandez-Garza-Laguerra, our current CEO of our proximity and health division and future CEO of FEMSA, Martin Arias, our CFO, and Jorge Collazo, who heads Coca-Cola FEMSA's investor relations team. The plan for today is a little different than usual. We will begin with our CEO and chairman who is traveling today and is therefore joining us remotely. Jose Antonio will share with us some thoughts on the past couple of years, where he sees our company today, and how he sees FEMSA positions for the future as he gets ready to step down from the CEO role at the end of this week. He will not be able to stay for the remainder of today's call. Next, we will hear from Jose Antonio Fernandez Garzalagüera, still in his capacity as CEO of our proximity and health division. As you know, he will assume the role of CEO of FEMSA in a few days, but most of his comments today will focus on the performance and trends in our key retail operations during the third quarter, as well as some thoughts on the short and long-term initiatives we are taking to address an evolving consumer. Next, Martin Arias, We'll discuss FEMSA's consolidated and operational res...