Most of our operations continue to demonstrate robust growth and profitability trends, as consumers resume their pre-COVID behavior, while making moderate adjustments commensurate with the shape the “new normal” is taking in our various markets. Daniel Rodríguez Cofré, CEO of FEMSA.
The company’s main business is the Proximity channel, where it operates OXXO stores and that contributes 36% of total income, which in the period from April to June registered an increase of 18.3% in income and 15.6% in same-store sales (which is the income of stores with more than 12 months of operation).
These increases were due, according to the report, to an increase of 11.8% in the average ticket and 3.4% in traffic. “These figures reflect a strong performance of the meeting category, including beer, snacks, and wines and spirits, as well as the sustained recovery of occasions driven by increased mobility.
At the Ebitda level, an increase of 25% was recorded, while the Ebitda margin, which measures the ability to generate profits with the operation, increased 80 basis points to 15.3%, a record level for a second quarter.
In the quarter, the number of OXXO stores increased by 168 units to a total of 20,668 stores.
Another of the conglomerate’s weighty businesses is the Coca-Cola Femsa bottling company, the largest in the Coca-Cola system, which represents 34% of total revenues and increased 16% in the second quarter, thanks to higher sales in Brazil, Argentina, Colombia and Central America.
The Fuel, Health, and Logistics and Distribution businesses also posted positive results, registering increases in revenues of 32.5%, 2.5%, and 50.2%.
“Halfway through the year, our business units are in great shape, and we feel confident in our chances of meeting the ambitious plans we set for the full year and beyond,” Rodríguez said.