What does Mexican Economic Development do and what are its main business segments?

What is Mexican Economic Development's gross profit margin?

What were the key takeaways from Mexican Economic Development's earnings call?

What guidance did Mexican Economic Development's management provide for the next earnings period?

What were the key takeaways from Mexican Economic Development’s earnings call?

Did Mexican Economic Development beat or miss consensus estimates last quarter?

What is Mexican Economic Development's latest dividend and current dividend yield?

What factors drove the changes in Mexican Economic Development's revenue and profit?

- **Revenue Growth**: 9.1% YoY, driven by Mexico recovery and international expansion.\n- **OXXO Mexico Recovery**: 1.7% same-store sales growth via affordability initiatives in key categories.\n- **Digital Ecosystem Expansion**: Spin's QR code withdrawals and rewards redemption boost customer engagement.\n- **Brazil and Bara Momentum**: OXXO Brazil sees double-digit same-store sales growth, while Bara scales private labels.\n- **Mexico Investment**: $1 billion annual CapEx underscores long-term growth confidence despite challenges.

**【CEO Summary Section】**
- **FEMSA Forward Execution**: Delivered $11 billion in divestitures and $7.8 billion in capital returns, aligning with long-term value creation.\n- **OXXO Mexico Strength**: 1.7% same-store sales growth driven by affordability initiatives in beer, soft drinks, and tobacco.\n- **International Growth**: OXXO Brazil, Colombia, and Bara positioned for decade-long value creation, with Brazil seeing double-digit same-store sales growth.\n- **Digital Ecosystem**: Spin's digital services (e.g., cash withdrawals via QR codes) enhance customer engagement and reduce reliance on traditional trade.\n- **Mexico Focus**: Despite challenges, Mexico remains a key growth driver with $1 billion annual CapEx and strategic investments in coffee and food categories.\n
**【CFO Financial Commentary】**
- **Revenue Growth**: 9.1% YoY, driven by Mexico recovery and international expansion (e.g., OXXO USA).\n- **Operating Income**: 4.3% YoY increase, offset by inflation and higher interest expenses (MXN 5.5 billion).\n- **Net Income**: Down 36.8% to MXN 5.8 billion due to FX losses and interest costs.\n- **Tax Rate Guidance**: Mid-30s range, reflecting structural factors like non-deductible expenses and higher foreign tax rates.\n- **Capital Allocation**: $11.8 billion in dividends Q3, with share buybacks expected to resume.\n
**【Q&A Highlights】**
- **OXXO Mexico Traffic**: October shows improvement, with market share gains in beer, soft drinks, and tobacco.\n- **Gross Margin Expansion**: Driven by commercial income and promotions, with some margin reinvested in affordability.\n- **Brazil and Bara**: OXXO Brazil on track for profitability, while Bara scales private labels and expands in El Bajío.\n- **Health Division**: Chile gains market share, while Mexico faces challenges but improving efficiency.\n- **Digital Services**: Spin's wallet usage grows, with 42% of Premia users also using Spin for rewards redemption.\n- **Interest Expense**: Sequential increase due to lease accounting and U.S. consolidation, but manageable within overall strategy.

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