FEMSA Announces Second Quarter 2018 Results
FINANCIAL HIGHLIGHTS:
- 8.6% revenue growth at FEMSA Consolidated
- 130 basis points of gross margin expansion at FEMSA Comercio's Retail Division
- 180 basis points of operating margin expansion at FEMSA Comercio's Health Division
- Operating margin recovery to 0.7% of total revenues at FEMSA Comercio's Fuel Division
- 2.7% volume growth at Coca-Cola FEMSA Brazil
FINANCIAL SUMMARY FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2018 | ||||||||||||||||||||
Change vs. same period of last year | ||||||||||||||||||||
Revenues | Gross Profit | Income from Operations | Same-Store Sales | |||||||||||||||||
2Q18 | YTD18 | 2Q18 | YTD18 | 2Q18 | YTD18 | 2Q18 | YTD18 | |||||||||||||
FEMSA CONSOLIDATED | 8.6 | % | 7.2 | % | 8.3 | % | 7.4 | % | 3.0 | % | 2.3 | % | ||||||||
FEMSA COMERCIO | ||||||||||||||||||||
Retail Division | 9.7 | % | 11.7 | % | 13.7 | % | 14.4 | % | 7.7 | % | 12.4 | % | 3.0 | % | 5.1 | % | ||||
Health Division | 17.1 | % | 10.1 | % | 22.5 | % | 15.3 | % | 93.3 | % | 57.9 | % | 11.8 | % | 6.2 | % | ||||
Fuel Division | 21.5 | % | 18.9 | % | 50.9 | % | 46.7 | % | N.S. | N.S. | 5.0 | % | 4.3 | % | ||||||
COCA-COLA FEMSA | 3.9 | % | 2.0 | % | 0.6 | % | 0.4 | % | (3.3 | %) | (4.8 | %) | ||||||||
"Our results for the second quarter were solid. FEMSA Comercio's Retail
Division again showed healthy trends across its income statement, particularly considering the tough comparison base from the Holy Week calendar shift, as well as a record pace of expansion. The Health Division delivered encouraging results across its markets, reflecting improved commercial activity and more effective execution. For its part, the Fuel Division again faced a low comparison base and thus delivered another quarter of margin recovery, in spite of soft volumes, as well as an improved rate of unit growth. And at Coca-Cola FEMSA, we saw resilient top line performance in
In terms of macroeconomic trends, the consumer environment in our key
To obtain the full text of this earnings release, please visit our Investor Relations website at http://ir.femsa.com under the Financial Reports section |
FORWARD-LOOKING STATEMENTS
This report may contain certain forward-looking statements concerning our future performance that should be
considered as good faith estimates made by us. These forward-looking statements reflect management's expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact our actual performance.
FEMSA is a leading company that participates in the beverage industry through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume; and in the beer industry, through its ownership of the second largest equity stake in Heineken, one of the world's leading brewers with operations in over 70 countries. In the retail industry it participates through FEMSA Comercio, comprising a Retail Division operating various small-format store chains including OXXO, a Fuel Division, operating the OXXO GAS chain of retail service stations, and a Health Division, which includes drugstores and related operations. Additionally, through its Strategic Businesses unit, it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA's business units and third-party clients.
Contacto para Medios (52) 555-249-6843 comunicacion@femsa.com.mx www.femsa.com Contacto para Inversionistas (52) 818-328-6167 investor@femsa.com.mx www.femsa.com/inversionista
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
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