Equity Profile

FMX

Fomento EconÃ³mico Mexicano, S.A.B. de C.V.

Consumer StaplesSoft Drinks & Non-alcoholic Beverages$39.7B

Oct28Tue

Pre-Earnings Brief

UpcomingQ4-2017Pre-Market9:00 AM EDT

Company Snapshot

Fomento Económico Mexicano, S.A.B. de C.V....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help investors gauge financial health this quarter.

$0.90

Revenue Growth

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining profitability in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FMX Q4-2017 Earnings Preview

Context

Company Snapshot

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) is a major player in the consumer staples sector, focusing on soft drinks and non-alcoholic beverages. With a market cap of $40 billion, the company is significant in the beverage industry, especially in Mexico and Latin America, where consumer spending on beverages remains strong.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

+0.03%

Avg Stock Reaction

-0.10%

Last Quarter Recap

In Q3 2017, FMX reported an EPS of $0.78, which was below expectations. The stock saw a slight decline of 0.13% the following day, reflecting market disappointment.

Management Promises & Guidance

Focus on expanding product offerings.
Commitment to improving operational efficiencies.
Plans to enhance marketing strategies to boost brand visibility.

Expectations

Wall Street Expectations

Overall, expectations are mixed as FMX has a history of both beating and missing earnings estimates. Investors are particularly cautious given the recent EPS miss.

Bull Case

If FMX can demonstrate strong revenue growth and improved margins, it could signal a recovery in consumer demand and operational efficiency.

Bear Case

Conversely, if the company reports another earnings miss or shows declining market share, it could raise concerns about its competitive position.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.90

EPS is a key indicator of the company's profitability and will help investors gauge financial health this quarter.

Revenue Growth

N/A

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining profitability in a competitive market.

Market Share

N/A

Understanding changes in market share can indicate how well FMX is performing against competitors in the beverage sector.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter?

Given the recent history of EPS misses, this figure will be crucial in determining investor confidence moving forward.

How is FMX addressing competition in the beverage market?

With increasing competition, insights into market share and strategies will be vital for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating FMX's ability to recover from recent earnings misses, as the company has historically rebounded strongly after similar situations.

Supporting Evidence

FMX has a history of strong brand loyalty in its markets.

Options pricing suggests higher volatility, indicating potential for significant movement.

The company's commitment to operational improvements may not be fully reflected in current estimates.

Key Risk

If FMX can show a significant improvement in market share, it could invalidate bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on FMX's ability to meet or exceed earnings expectations and maintain market share.

Bull Confirmed If

An EPS of $0.90 or higher would confirm the bull case, indicating strong performance.

Bear Confirmed If

An EPS below $0.78 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±2.99%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a nearly 3% move, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±3.0% while FMX has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

23.5%

Calls (1K)P/C Ratio: 0.25Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 18 of 27 (67%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

47.53%

of float

Insider

0.00%

of float

Holders

400

institutions

Top Holders· as of Dec 2025

First Eagle Investment Management, LLC
12,507,215 sh · $1.4B
6.18%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FMX beats expectations, history suggests the stock could rise by around 1.75%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the market may react cautiously, leading to minimal movement.

Miss

If FMX misses earnings, history indicates a potential decline of about 0.14%, which could raise concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on market share performance in key regions.
2Details on new product launches and their expected impact.
3Management's outlook on consumer spending trends.
4Any changes in operational strategies or cost management.
5Insights into competitive pressures and how FMX plans to address them.

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Company Snapshot

Fomento Económico Mexicano, S.A.B. de C.V....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help investors gauge financial health this quarter.

$0.90

Revenue Growth

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining profitability in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FMX Q4-2017 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

+0.03%

Avg Stock Reaction

-0.10%

Last Quarter Recap

In Q3 2017, FMX reported an EPS of $0.78, which was below expectations. The stock saw a slight decline of 0.13% the following day, reflecting market disappointment.

Management Promises & Guidance

Focus on expanding product offerings.
Commitment to improving operational efficiencies.
Plans to enhance marketing strategies to boost brand visibility.

Expectations

Wall Street Expectations

Overall, expectations are mixed as FMX has a history of both beating and missing earnings estimates. Investors are particularly cautious given the recent EPS miss.

Bull Case

If FMX can demonstrate strong revenue growth and improved margins, it could signal a recovery in consumer demand and operational efficiency.

Bear Case

Conversely, if the company reports another earnings miss or shows declining market share, it could raise concerns about its competitive position.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.90

EPS is a key indicator of the company's profitability and will help investors gauge financial health this quarter.

Revenue Growth

N/A

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining profitability in a competitive market.

Market Share

N/A

Understanding changes in market share can indicate how well FMX is performing against competitors in the beverage sector.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter?

Given the recent history of EPS misses, this figure will be crucial in determining investor confidence moving forward.

How is FMX addressing competition in the beverage market?

With increasing competition, insights into market share and strategies will be vital for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating FMX's ability to recover from recent earnings misses, as the company has historically rebounded strongly after similar situations.

Supporting Evidence

FMX has a history of strong brand loyalty in its markets.

Options pricing suggests higher volatility, indicating potential for significant movement.

The company's commitment to operational improvements may not be fully reflected in current estimates.

Key Risk

If FMX can show a significant improvement in market share, it could invalidate bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on FMX's ability to meet or exceed earnings expectations and maintain market share.

Bull Confirmed If

An EPS of $0.90 or higher would confirm the bull case, indicating strong performance.

Bear Confirmed If

An EPS below $0.78 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±2.99%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a nearly 3% move, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±3.0% while FMX has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

23.5%

Calls (1K)P/C Ratio: 0.25Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

47.53%

of float

Insider

0.00%

of float

Holders

400

institutions

Top Holders· as of Dec 2025

First Eagle Investment Management, LLC
12,507,215 sh · $1.4B
6.18%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FMX beats expectations, history suggests the stock could rise by around 1.75%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the market may react cautiously, leading to minimal movement.

Miss

If FMX misses earnings, history indicates a potential decline of about 0.14%, which could raise concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on market share performance in key regions.
2Details on new product launches and their expected impact.
3Management's outlook on consumer spending trends.
4Any changes in operational strategies or cost management.
5Insights into competitive pressures and how FMX plans to address them.