FEMSA Announces Third Quarter 2023 Results

MONTERREY, Mexico, Oct. 27, 2023 (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 third quarter of 2023. 

• FEMSA: Total Consolidated Revenues grew 19.3% against 3Q22.
• FEMSA Retail¹: Proximity Americas total Revenues increased 20.8% against 3Q22.
• DIGITAL: Spin by OXXO had 6.4 million active users² while Spin Premia had 17.7 million active loyalty users² and an average tender³ of 28.3%.
• COCA-COLA FEMSA: Total volume and revenues grew 11.6% and 10.1%, respectively, against 3Q22.

Financial Summary for the Third Quarter and First Nine Months 2023 Change vs. comparable period
	Total Revenues		Gross Profit		Income from Operations		Same-Store Sales
	3Q23	YTD23	3Q23	YTD23	3Q23	YTD23	3Q23	YTD23
FEMSA Consolidated	19.3%	19.4%	22.1%	21.3%	12.6%	8.8%
Proximity Americas	20.8%	20.8%	23.9%	21.1%	14.7%	17.2%	15.1%	16.1%
Health	0.2%	0.1%	(0.6%)	3.6%	(10.4%)	(5.7%)	(3.6%)	(3.5%)
Fuel	14.2%	14.3%	10.2%	12.4%	3.3%	10.1%	8.1%	8.8%
Coca-Cola FEMSA	10.1%	9.2%	13.6%	10.9%	15.3%	13.0%