Here's How FEMSA (FMX) is Placed Just Before Q1 Earnings

About this update from Fomento Economico Mexicano Sab De Cv Units Cons. Of 5 Shsb

Fomento Economico Mexicano, S.A.B. de C.V. FMX or FEMSA is slated to report first-quarter 2023 earnings on Apr 28. The company is likely to have witnessed top and bottom-line growth in the quarter under review.The Zacks Consensus Estimate for FMX’s first-quarter earnings of 86 cents per share suggests 28.4% growth from the year-ago quarter’s reported figure. The consensus estimate for earnings has been unchanged in the past 30 days. The consensus mark for quarterly revenues is pegged at $7.88 billion, indicating growth of 9.4% from the year-ago quarter's reported figure.We expect the company’s first-quarter total revenues to increase 9.4% year over year to $7,876.1 million and the bottom line to rise 54.1% to 86 cents per share.In the last reported quarter, the company delivered a negative earnings surprise of 46.1%. It has a trailing four-quarter negative earnings surprise of 21.7%, on average.Fomento Economico Mexicano S.A.B. de C.V. Price and EPS SurpriseFomento Economico Mexicano S.A.B. de C.V. price-eps-surprise | Fomento Economico Mexicano S.A.B. de C.V. QuoteFactors at PlayFEMSA has been gaining from effective growth strategies and robust demand across most markets. Sales momentum, owing to gains across all business units, also bodes well.The company’s investments in digital and technology-driven initiatives are expected to have contributed to its fourth-quarter performance. Its focus on offering customers more options to make contactless purchases by intensifying digital and technology-driven initiatives across operations has been aiding the digital performance.The company’s Coca-Cola FEMSA has been leading the way with its omnichannel business, whereas FEMSA Comercio has been progressing with the adoption of digital initiatives. Investments in digital offerings, loyalty programs and fintech platforms bode well. Its OXXO digital wallet, OXXO Premia and loyalty program have also been performing well. Such endeavors are likely to have aided revenues in the to-be-reported quarter.FEMSA has been on track with its strategy of creating a national distribution platform in the United States through the expansion of its footprint in the specialized distribution industry. The company’s venture in the specialized distribution industry relates to its plan of investing in adjacent businesses, which can leverage capabilities across different markets, providing ...

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