Recent Updates — FMX

Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced the successful issuance of CHF 300 million in Senior Unsecured Bonds in the Swiss bond market on September 23, 2026. The five-year bonds carry an annual interest rate of 107 basis points over the relevant benchmark, resulting in a yield of 1.73%. The offering received credit ratings of BBB+ from S&P Global Ratings and A from Fitch Ratings. Proceeds will be used for general corporate purposes to improve cost of debt and increase financial flexibility. FEMSA operates in the retail and beverage sectors, including OXXO convenience stores and Coca-Cola FEMSA bottling.

Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) announced an accelerated share repurchase agreement to buy back up to USD $280 million of its American Depositary Shares through a derivative instrument with a U.S. financial institution. The final number of shares repurchased will be determined by the daily volume-weighted average ADS price during the term, less a discount, with final settlement expected before year-end 2026. This transaction aligns with FEMSA's capital allocation framework to enhance shareholder returns. FEMSA operates in the retail and beverage sectors, owning OXXO convenience stores and Coca-Cola FEMSA bottling operations across Latin America, Europe, and the United States.

Fomento Económico Mexicano, S.A.B. de C.V. reported second quarter 2026 financial results showing total consolidated revenues of 231,002 million Mexican Pesos, a 9.3% increase year-over-year. Income from operations rose 7.2% to 19,110 million Pesos, while consolidated net income surged 64.9% to 9,221 million Pesos, driven by OXXO Mexico's 11.8% revenue growth and improved foreign exchange conditions. The company also announced a strategic equity investment by QED Investors into its lending business unit and completed a US$300 million accelerated share repurchase program. FEMSA operates in the retail and beverage sectors, including convenience stores, fuel, and Coca-Cola bottling across Latin America, Europe, and the United States.