Fomento Economico: Fourth Quarter Financial Overview

Fomento Economico Mexicano SAB Announces Fourth Quarter Results

Based in Monterrey, Nuevo León, Mexico, Fomento Economico Mexicano SAB (FMX) revealed on Wednesday that its net earnings for the fourth quarter reached $444.6 million.

The company reported net income of $1.28 per share, while adjusted earnings—excluding discontinued operations—stood at 92 cents per share.

During the quarter, the Coca-Cola bottling company generated $11.48 billion in revenue.

For the full year, FMX achieved a total profit of $1.01 billion, translating to $2.92 per share. Annual revenue amounted to $43.86 billion.