FEMSA's stock surged 5.09% during Thursday's intraday trading session following the release of its first-quarter 2026 financial results.
The Mexican retail and beverages company reported a net profit of 17.64 billion Mexican pesos ($1.01 billion), a 97% increase compared to the year-earlier quarter. This significant jump was largely attributed to a one-time gain from the merger of U.S. distribution concerns BradyPLUS and Imperial Dade, which closed in March. Excluding this benefit, profit was down 36% due to higher financial expenses.
Consolidated revenues grew 6.1% to 207.78 billion pesos, with the OXXO Mexico convenience store chain showing particular strength. Revenue at OXXO Mexico increased 8.3%, supported by a 6% rise in same-store sales and the opening of 158 new stores during the quarter. The company's Americas & Mobility segment also delivered compelling results, with sales up 13%.
CEO Jose Antonio Fernández Garza-Lagüera highlighted the "strong set of results" and the sustained recovery at OXXO Mexico. The company expressed optimism for the upcoming summer season, citing expected momentum from events like the World Cup, and remains focused on its long-term strategy for sustainable profitable growth.