MONTERREY, Mexico, July 28, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the second quarter of 2026.

Reporting segments update

In a continuing effort to improve disclosure, FEMSA said it has updated its reporting segment structure to better reflect the scale, stage of development and strategic differentiation of its businesses. The company said the new structure should give investors greater visibility into the drivers of performance across its operations.

Under the updated structure, FEMSA’s reporting segments are now:

i) OXXO Mexico;
ii) Americas & Mobility, which now includes all OXXO operations outside Mexico — Brazil, Colombia, Chile, Peru and the U.S. — as well as fuel operations in Mexico and the U.S.;
iii) Europe;
iv) Health; and
v) Coca-Cola FEMSA.

Only segments i) and ii) changed from the previous reporting structure. The update also helps separate the company’s Mexico convenience-store business from its international retail and mobility operations, which can make quarter-to-quarter comparisons easier to interpret.

Second-quarter highlights

FEMSA said total consolidated revenues increased 9.3% and income from operations rose 7.2% compared with 2Q25.

At OXXO Mexico, total revenues grew 11.8% and income from operations increased 12.3% versus 2Q25.

Spin by OXXO had 11.5 million active users, up 22.1% from 2Q25, while Spin Premia had 29.1 million active loyalty users, up 9.4% from 2Q25. The average tender at OXXO Mexico reached 50.4%, compared with 45.8% in 2Q25.

Coca-Cola FEMSA reported total revenues up 4.7% and income from operations up 9.1% versus 2Q25.

For investors and analysts, the quarter’s mix matters because FEMSA’s retail and beverage businesses are linked to consumer demand but operate with different geographic exposures and growth drivers. The company’s updated segment disclosure is intended to show those differences more clearly as it expands beyond its core Mexican convenience-store network.

CEO commentary

Jose Antonio Fernández Garza-Lagüera, FEMSA’s chief executive officer, said the company delivered “a strong set of results,” led by OXXO Mexico and continued momentum across many retail platforms. He said Coca-Cola FEMSA faced a challenging environment because of weak consumer demand and tax increases in Mexico, but that this was more than offset by strong performance in South America.

He highlighted OXXO Mexico’s double-digit revenue and profit growth and said the division returned to positive customer traffic after several quarters of decline. He said the World Cup contributed positively during the quarter, but added that improvement also reflected stronger execution across regions, commercial initiatives focused on key traffic-driving categories and the consumer-centric strategy FEMSA began implementing in the second half of last year.

Fernández Garza-Lagüera also said FEMSA remains encouraged by the momentum of its growth platforms, noting that Bara set a record for store openings and that OXXO operations in Colombia and Brazil are advancing toward unit economics that would support faster expansion.

Looking ahead, he said FEMSA is facing a soft consumer environment in Mexico and will not have the benefit of the World Cup tailwind in the second half of the year. Still, he said the company is “cautiously optimistic” about the period ahead, while acknowledging it will remain subdued. He said FEMSA’s geographically diversified platform, together with strategic and operating initiatives already in place, position the company to continue executing its long-term strategy in pursuit of sustainable, profitable growth.

About FEMSA

FEMSA said it creates economic and social value through companies and institutions and seeks to be the best employer and neighbor to the communities in which it operates. The company participates in two core sectors: retail and beverages.

In retail, FEMSA operates through four divisions: i) OXXO Mexico, which runs the largest small-format store chain in Mexico; ii) Americas & Mobility, which includes OXXO convenience store operations across Latin America and the United States, as well as its gas station business in Mexico and the United States; iii) Europe, which operates convenience and foodvenience formats in five European countries; and iv) FEMSA Health, which includes drugstores and related activities in four Latin American countries.

In Mexico, OXXO’s operations are supported by Spin, a customer-focused ecosystem that uses the OXXO store network to provide access to digital financial services, including Spin by OXXO and Spin Premia.

In beverages, FEMSA participates through Coca-Cola FEMSA, which it describes as the world’s largest franchise bottler of Coca-Cola products by volume.

Across its business units, FEMSA said it employs more than 369,000 people in 18 countries. The company said it is a member of the Dow Jones Best-in-Class World Index and Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; and S&P/BMV Total México ESG, among other indexes.

(A) Please refer to page 12 for FEMSA’s definition of “comparable” and a description of the factors affecting the comparability of its financial and operating performance.

1 Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days. Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.
2 Tender: OXXO MXN sales with Spin Premia redemption or accrual / Total OXXO MXN Sales, during the period.
3 Currency-neutral. Only includes merchandise. Same-store sales includes a weighted average of OXXO Colombia, Chile, Peru and the U.S.A.