102.97000 USD
1.22
1.17%
Last update Dec 15, 3:59 PM EST
Pre-market
Day range
102.81000
104.32000
Previous close
104.19000
Open
104.25
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Fomento Economico Mexicano S.A.B. de C.V. ADR
102.97
1.22
1.17%

Overview

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Description

Fomento Economico Mexicano S.A.B. de C.V. ADR represents a key player within the consumer staples sector, primarily functioning as an American Depositary Receipt of the Mexico-based company. Known for its significant presence in the territory of Latin America, Fomento Economico Mexicano, or FEMSA, operates in industries such as retail, beverages, and logistics. Its primary functions include the management of OXXO convenience stores, one of the largest chain operations in the region, and its substantial involvement with Coca-Cola FEMSA, the world's largest Coca-Cola bottler. FEMSA also holds significant interests in the health sector through FEMSA Salud, which encompasses numerous pharmacy chains. This ADR allows investors in the U.S. markets access to FEMSA's diverse business portfolio, reflecting its strategic importance in regional economic activities. The asset serves as a bridge connecting North American investors with Latin American market dynamics, emphasizing FEMSA's integral role in enhancing consumer access and distribution efficiency across evolving markets.

About

CEO
Mr. Alfonso Garza Garza
Employees
372621
Address
General Anaya No. 601 Pte.
Colonia Bella Vista
Monterrey, 64410, NL
Mexico
Phone
52 818 328 6000
Website
Instrument type
American depositary receipt
Sector
Consumer Defensive
Industry
Beverages - Brewers
Country
United States
MIC code
XNYS
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