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rewrite this title Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2025 Earnings Call Transcript

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October 28, 2025
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Q3: 2025-10-28 Earnings Summary

EPS of $0.88 misses by $0.25

 | Revenue of $11.64B (18.49% Y/Y) beats by $53.72M

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q3 2025 Earnings Call October 28, 2025 10:30 AM EDT

Company Participants

Juan Fonseca – Vice President of Investor RelationsJose Antonio Fernandez Carbajal – Executive Chairman of the Board & CEOJose Antonio Garza-Laguera – Chief Executive Officer of Proximity & Health DivisionMartin Arias Yaniz – Chief Financial Officer

Conference Call Participants

Benjamin Theurer – Barclays Bank PLC, Research DivisionAlejandro Fuchs – Itaú Corretora de Valores S.A., Research DivisionAntonio Hernandez – Actinver Casa de Bolsa, S.A. de C.V., Research DivisionAlvaro Garcia – Banco BTG Pactual S.A., Research DivisionThiago Bortoluci – Goldman Sachs Group, Inc., Research DivisionRobert Ford – BofA Securities, Research DivisionRodrigo Alcantara – UBS Investment Bank, Research DivisionRicardo Alves – Morgan Stanley, Research DivisionRenata Fonseca Cabral Sturani – Citigroup Inc., Research DivisionFernando Froylan Mendez Solther – JPMorgan Chase & Co, Research DivisionHéctor Maya López – Scotiabank Global Banking and Markets, Research DivisionCarlos Alberto Laboy – HSBC Global Investment Research

Presentation

Operator

Good day, and welcome to today’s FEMSA’s Third Quarter 2025 Results Conference Call. My name is Serge, and I will be your coordinator for today’s event. [Operator Instructions]

And now I’d like to hand the call over to Juan Fonseca. Please go ahead, sir.

Juan FonsecaVice President of Investor Relations

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 Carbajal, Jose Antonio Fernández Garza-Lagüera 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

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