In the second quarter of 2026 (2Q26),  Fomento Económico Mexicano (FEMSA)  obtained revenues of 231 billion 002 million pesos (mdp) , which meant an increase of  9.3%  compared to the same period in 2025, driven by growth in Coca-Cola FEMSA, OXXO Mexico, Americas and Mobility, and Health, partially offset by a decrease in Europe.

“During the second quarter, we achieved solid results, reflecting encouraging performance at OXXO Mexico and sustained momentum in many of our retail operations , while Coca-Cola FEMSA navigated a still challenging environment caused by weak consumer demand and increases in excise taxes in Mexico, which was more than offset by strong performances in South America,” said Jose Antonio Fernández Garza-Lagüera, CEO of FEMSA.

According to its operational and financial results report, the company detailed that its  operating cash flow (EBITDA)  was 33,340 million pesos , an increase of 12.7% compared to the figure for the same period last year.

Meanwhile, gross profit in Q2 2026 was 92,611 million pesos , 7.8% higher than in the second quarter of 2025 (Q2 2025).

“The gross margin would have contracted by 20 basis points, from a base of 40.3% for the second quarter of 2025. On a like-for-like basis, which considers currency effects and the consolidation of OXXO Brazil, gross profit increased by 8.8%,” the firm explained.

During the period, FEMSA’s operating profit totaled 19,110 million pesos , an increase of 7.2% compared to Q2 2025, driven by growth in Coca-Cola FEMSA and OXXO Mexico, “partially offset by decreases in Americas and Mobility, Europe, and Health.”

OXXO Mexico’s total revenue grew 11.8% and operating profit increased 12.3% compared to Q2 2025. Meanwhile, Spin by OXXO had 11.5 million active users, a 22.1% increase compared to the second quarter of last year.

“It’s worth highlighting OXXO Mexico’s quarter, which achieved double-digit revenue and profit growth and, importantly, a return to positive growth in customer traffic after several quarters of decline. While the World Cup made a positive contribution during the quarter, we believe there was an additional boost resulting from better execution across the country of commercial initiatives focused on key categories to increase traffic,” the executive emphasized.

Coca-Cola FEMSA’s total revenue increased 4.7% and operating profit rose 9.1% year-on-year.

Regarding its results in the first half of 2026 (1H26), total revenues were 438,695 million pesos , 7.8% more than in the same period of 2025.

“Revenues were driven by growth in Coca-Cola FEMSA, OXXO Mexico, Americas and Mobility, and Health, partially offset by a decline in Europe. Revenues reflected a net negative foreign exchange effect due to the appreciation of the Mexican peso against other currencies; as a result, revenues grew 9.3% on a like-for-like basis,” the company stated in its report.

FEMSA’s gross profit was 176.666 billion pesos, representing a 7.3% increase compared to the same period last year. In its earnings report, the company indicated that its operating profit was 33.421 billion pesos in the first six months of 2026, a 6.5% year-over-year increase, driven by growth at Coca-Cola FEMSA and OXXO Mexico. EBITDA was 61.455 billion pesos, a 12.1% increase compared to the first half of 2025.

“Looking ahead, and despite continuing to face a weak consumer environment in Mexico that no longer has the boost of the World Cup, we view the current trajectory in most of our business units favorably, and we are cautiously optimistic about the second half of the year, although we anticipate that it may be more moderate,” said the CEO of FEMSA.

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El cargo Retail drives FEMSA’s revenue in Q2 2026 apareció primero en T21.

Leonardo Gómez Vargas , the organization’s executive president, reaffirmed the sector’s responsibility for the development of the country’s economic activities, seeking to make self-regulation a preponderant and active axis of daily life, according to a joint statement from the Ministry of Economy (SE) and the ANTP.

Andrea Solano , head of Regulation, Competitiveness and Competition at the SE, recognized the momentum generated by freight transport users , companies with their own fleets and companies that provide freight transport services and contribute to the country’s national and international logistics , based on solid pillars such as sustainability and safety.

Through its social media channels, the association emphasized that it supports the goals of the “Made in Mexico” program.

“We are thrilled to share that the transportation service that moves the country forward is ‘Made in Mexico,’ thus reaffirming our commitment to quality, competitiveness, and the country’s development,” the ANTP emphasized.

At the event, certificates were presented to various companies in the logistics sector, such as Estafeta , Autotransporte Azteca Plus, Safi Package Delivery Services, Translogística, Grupo Bimbo , Grupo Femsa , Fletes Hesa , among others, members of the ANTP, who also received the “Made in Mexico” distinction.

The “Made in Mexico” program is part of Plan Mexico and seeks to strengthen the domestic market , increase national content , and incorporate merchants, micro, small, medium, and large businesses into global value chains .

The distinction recognizes products manufactured and/or assembled in the country that meet high quality standards, prioritize inputs of national origin, and comply with one of the 17 Sustainable Development Goals (SDGs) , which highlights the commitment of companies and Mexico to the 2030 Agenda at a global level.

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El cargo ANTP reaffirms commitment to competitiveness; receives “Made in Mexico” designation apareció primero en T21.

Effective November 1, Jose Antonio Fernández Garza-Lagüera will assume the position of General Director of Fomento Económico Mexicano (FEMSA) , a position held since July 2023 by Jose Antonio Fernández Carbajal, who will return to his duties as Executive Chairman of the FEMSA Board.

This change is part of FEMSA’s previously announced succession plan and represents a strategic step in consolidating its long-term corporate leadership, the company announced in a statement.

Fernández Garza-Lagüera, who serves as CEO of FEMSA Proximidad y Salud , joined Cervecería Cuauhtémoc Moctezuma Heineken in 2011 as Sales and Operations Manager.

“From there, he rose through various management roles across FEMSA’s business units, including Director of Strategic Planning at OXXO and FEMSA Comercio, as well as General Manager of FEMSA’s Plastics Division, General Manager of Coca-Cola FEMSA Central America, and General Manager of Spin,” the firm emphasized.

As CEO of FEMSA Proximidad y Salud, Fernández Garza-Lagüera leads a team of more than 180,000 employees and is responsible for an operation that encompasses more than 28,000 convenience stores in 11 countries in the Americas and Europe, more than 4,300 pharmacies in four Latin American markets, and more than 550 fuel stations in Mexico.

Jose Antonio Fernández Garza-Lagüera holds a degree in industrial engineering from the Monterrey Institute of Technology and an MBA from the Stanford Graduate School of Business .

“With his strategic approach and assertive, results-oriented leadership style, Jose Antonio will guide FEMSA into a new era of economic and social value creation, with a strong drive for growth, innovation, and sustainability, and with a continued focus on the development of FEMSA employees, their families, and the communities where the company operates,” the company emphasized.

The company recalled that since mid-2024, FEMSA launched a formal  succession planning process for its general management , which was coordinated by the Corporate Practices and Nominations Committee (CPSN).

“The Special Committee was chaired by Ricardo Saldívar Escajadillo, President of the CPSN, and comprised all other CPSN members and three additional independent directors. Once its evaluation was completed, the Special Committee issued its recommendation, which was approved by FEMSA’s Board of Directors,” he emphasized.

He indicated that in designing this process, as in previous general management appointments, they followed corporate best practices , “including the support of an international firm with extensive experience in processes of this nature, as well as advisors in various specialties.”

FEMSA noted that Jose Antonio Fernández Carbajal, Executive Chairman of the Board of Directors and interim CEO since July 2023, will continue in his role as Executive Chairman. “The Board of Directors expresses its sincere gratitude to Jose Antonio for his leadership and dedication in serving in both roles during this transition period,” the company emphasized.

It is worth remembering that in the second quarter of 2025, FEMSA obtained revenues of 211 thousand 364 million pesos (mdp) , which represented an increase of 6.3% compared to what was achieved in the same period of 2024, driven by the growth in its business units, through which it employs more than 392 thousand collaborators in 18 countries .

FEMSA participates in the retail industry through its Americas Proximity Division, which includes OXXO, a small-format store chain, and other related retail formats.

Main photo taken from the LinkedIn profile of Jose Antonio Fernández Garza-Lagüera .

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El cargo FEMSA announces change in its general management apareció primero en T21.

OXXO Gas , part of FEMSA Proximidad y Salud , presented its first 2024 Sustainability Report , highlighting various actions aimed at consolidating its leadership in Mexico’s energy transition, as well as the social support it provides in the communities where it operates.

Among the projects with impact, he noted is the Majalca safe shelter in Chihuahua , which, in collaboration with the Ministry of Infrastructure, Communications and Transportation (SICT) , the National Guard and commercial allies, will offer a safe and comfortable space for transporters and drivers, with an OXXO store, restaurants, mechanical services, restrooms and showers.

Another project is the partnership with Mecánica Tek —a specialized provider of comprehensive vehicle maintenance—which seeks to optimize processes at key stations, achieve zero-waste certifications , and recover hazardous waste to mitigate the environmental impact of its operations, OXXO Gas detailed in a statement.

Regarding sustainability , the company detailed that 14% of its energy comes from renewable sources, and that more than 3,000 trees have been planted at its service stations.

They also saved more than 20,000 cubic meters (m3) of water through dry urinals and efficient technology, 16% of waste was recycled thanks to proper separation and management with specialized suppliers, 100% of stations were equipped with vapor recovery systems, and the use of UBA diesel (Ultra Low Sulfur Diesel) was promoted to reduce emissions, protect the environment, and the health of customers and employees.

“Sustainability isn’t just a rhetoric; it’s a daily practice reflected in our operations, our treatment of people, and every investment we make. Our commitment is to lead the energy transition with transparency, legality, and a long-term vision,” emphasized David González García, CEO of OXXO GAS.

OXXO Gas also reported on the actions taken to drive the transformation of the communities where it operates, prioritizing health, education, inclusion, and local development.

In this regard, he explained that they supported 25 community initiatives, and that a direct social investment of more than 980,000 pesos was made. Additionally, nearly 96,000 people benefited through social institutions.

“Among other actions, through its “Liters with a Cause” program, they joined in the strengthening of civil society organizations in Mexico by contributing to the supply of the fuel necessary for their operations. Since its creation, they have donated more than 185,000 liters of gasoline. In 2024, 20 institutions will benefit from more than 38,000 liters of fuel,” the company added.

With 555 stations in 17 Mexican states and more than 330,000 daily customers , OXXO Gas seeks to offer certainty, close attention, and comprehensive solutions. It also promoted more than 190,000 hours of training, in partnership with Tecmilenio, to strengthen leadership development and job security.

Additionally, it was recognized by the Onexpo National Association (union of gas station associations) for its focus on human capital and held the Excellence Cup, which recognizes the outstanding performance of stations and employees.

According to its second-quarter 2025 earnings report, OXXO Gas’s same-station sales (establishments with more than 12 months of operation) increased 4.9%, while cumulative sales were 5.2% higher than the same period in 2024.

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Mecánica Tek , which is part of the portfolio of services offered by Oxxo Gas , and a business of FEMSA Proximidad y Salud , inaugurated its new Mecánica Tek Central GAM workshop in the Gustavo A. Madero borough of Mexico City, which, in addition to consolidating its commitment to quality, safety and efficiency in automotive service , seeks to open to the general public.

During the inauguration, César Toledo, national maintenance manager at Mecánica Tek, emphasized that this opening not only marks the beginning of a new era, but also symbolizes a horizon of opportunities.

“Today we’re not only inaugurating a new journey, but also opening a chapter full of opportunities, innovation, and a commitment to providing our customers with a service,” he said.

During his speech, David González, General Manager of Fuels at Oxxo Gas, emphasized that “efficient and safe mobility is essential for business productivity, and that fleet maintenance cannot be a concern, but rather a strength.”

Features of the new workshop

The new facility covers 1,900 square meters (m²) and has 11 service bays , designed to serve as a coordination and technical support center. In its initial phase, it has already processed more than 1,200 services.

According to Fidel Ferrero, workshop manager, while more than 90% of the company’s current work comes from corporate clients, the company is looking to expand its service to individual customers, who currently represent between 5% and 7% of operations . Among its clients with the largest fleets to serve are Qualtia , with more than 300 units, and Oxxo , with nearly 300 vehicles.

This workshop is equipped to service a wide range of vehicles, including motorcycles, light-duty vehicles, medium-duty trucks, and refrigerated units, both gasoline and diesel, as well as hybrid and electric. Areas of specialization include powertrain, bodywork, electrical/electronic systems, and refrigeration or water heaters, as well as preventive and corrective services and roadside assistance .

Mecánica Tek can service up to 22 vehicles per shift, with the possibility of operating three shifts per day. It currently processes an average of 40 units per day , representing 60% of its total capacity, and can maintain a 40% reserve to ensure its clients’ fleets achieve 95% availability.

The event was attended by local authorities, including Manola Zabalza, head of the Mexico City Economic Development Secretariat ; Fernando Martínez, Director General of Legal and Government Affairs for the Gustavo A. Madero Municipality ; as well as collaborators and representatives from the public and private sectors.

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In the document, the company detailed that its operating cash flow (EBITDA) was 29.589 billion pesos, which represented a 3.4% increase compared to the same period last year.

The increase in its revenue, the firm explained, was due to the expansion of its Proximity division ( Oxxo ), mainly in the United States.

“Among the positive aspects, several of our convenience and beverage operations outside of Mexico delivered solid results, which, combined with favorable foreign exchange momentum, helped mitigate the impact. Our retail operations outside of Mexico showed encouraging signs of dynamic progress while refining their value propositions and increasing their scale,” highlighted José Antonio Fernández Carbajal, FEMSA’s CEO.

FEMSA explained that after adjusting for the effects of the peso’s exchange rate against the dollar and mergers and acquisitions, its total revenue grew 2.2 percent.

“On July 1, 2025, FEMSA announced that it completed the previously announced transaction on October 10, 2024, to divest certain of its logistics operations operating under the Solistica name to Grupo Traxión , a transportation and logistics company in Mexico. The transaction includes FEMSA’s transportation management operations in Mexico and contract logistics operations in Mexico, Brazil, and Colombia. The transaction does not include FEMSA’s less-than-truckload (LTL) operations in Brazil,” the document detailed.

According to the earnings report, its operating profit was  17.832 billion pesos , representing a 1.2% increase over the reference period, which also benefited from exchange rate effects.

“At Proximidad Américas Mexico, average store traffic was again below our expectations, while most trends outside of Mexico were positive,” said José Antonio Fernández.

Store expansion, which was 6.3% in 2Q25, as well as the consolidation of operations in the United States, helped mitigate the impact and sustain growth in the second quarter of the year.

“During the quarter, Oxxo’s store base in Mexico, the United States, and Latin America expanded by 334 stores. This division had 1,500 net additions in the last 12 months, including 249 stores from our acquisition of Delek’s retail operation in the United States. As of June 30, 2025, Proximidad Américas had a total of 25,180 stores,” the report explained.

The company emphasized that Coca-Cola FEMSA ‘s total revenue and operating income grew 5% and 0.2%, respectively, in the second quarter of the year, compared to the same period in 2024.

Its digital financial service, Spin by Oxxo , had 9.4 million active users in the second quarter of 2025, representing 18.8% growth compared to the same period last year.

“During the second quarter, our results were mixed. In our core operations in Mexico, we faced the challenging combination of a weak consumer environment and adverse weather conditions, which pressured our retail operations and beverage volumes. On the bright side, several of our retail and beverage operations outside of Mexico delivered solid results, which, combined with favorable foreign exchange momentum, helped mitigate the impact,” said FEMSA’s CEO.

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El cargo FEMSA, with mixed results in 2Q25 apareció primero en T21.

Solistica was created within FEMSA and operated as its integrated logistics (3PL) division, with a presence in Mexico, Colombia, and Brazil. Its asset-lightmodel includes warehousing, distribution, and freight brokerage services.

The transaction, valued at approximately 4.04 billion pesos —equivalent to approximately US$80 million—includes FEMSA’s transportation management operations in Mexico and contract logistics operations in Mexico, Brazil, and Colombia , but excludes FEMSA’s LTL (less-than-truckload) operations in Brazil.

According to the information shared, Traxión decided to simultaneously divest Solistica’s operations in Colombia and Brazil , which were acquired by a consortium of Latin American investors, as part of the company’s strategic focus.

With this, Traxión reaffirms its commitment to focusing on the Mexican market, optimizing its portfolio, and prioritizing profitability.

“This acquisition represents a unique opportunity for Traxión. It is one of the most significant integrations in the logistics sector in Mexico. It is extremely strategic and consolidates our leadership in the Mexican logistics market. Solistica is a well-known, institutional company with a successful track record and a robust market position that will complement Traxión’s service offering and operational infrastructure, creating new opportunities and opening a window for expansion at a key moment for the country,” said Aby Lijtszain, CEO and co-founder of Traxión.

With the integration of Solistica, Traxión adds more than 50% more square footage of logistics infrastructure, reaching a total of more than 1.1 million square meters under management.

The new facilities are located in key areas such as Monterrey, Guadalajara, León, and the metropolitan area of ​​the Valley of Mexico , which will allow the company to offer more robust solutions to industrial clients, especially those with cross-border operations.

In addition, the Traxporta digital platform , launched in 2021, will double its operating volume thanks to the integration of the Solistica system, which will increase responsiveness, route control, and operational efficiency.

With this transaction, Traxión’s combined client portfolio now exceeds 1,500 active contracts , many of them with operations between Mexico and the United States, consolidating the company as a key player in a regional context driven by the USMCA and the nearshoring phenomenon .

For its part, FEMSA confirmed the completion of the divestment, aligned with its strategy of focusing on priority business units, such as FEMSA Comercio, while abandoning its stake in comprehensive logistics services.

The integration of Solistica marks an important step in Traxión’s evolution toward an increasingly digital, scalable logistics company focused on flexible, high-value services for supply chains in Mexico and the region.

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El cargo Traxión formalizes the acquisition of Solistica; exceeds one million square meters of logistics infrastructure apareció primero en T21.

The  Mexican Economic Development Company (FEMSA) announced on Monday that it successfully completed the divestment of its refrigeration equipment and food service operations, Imbera and Torrey , for a total amount of eight billion pesos (mdp) , net of cash and debt.

In a statement, FEMSA reported that the transaction was announced on July 17 with Mill Point Capital LLC , a private equity firm.

Enrique González Zorrilla , director of Strategic Projects at FEMSA, posted on his LinkedIn profile about this operation, which took place this Monday.

“Today, the divestment of our refrigeration and foodservice businesses, Imbera, Repare, Torrey and Cooking Depot, to a private equity fund, Mill Point, was authorized. We continue to execute the FEMSA Forward focus and growth strategy.
These businesses are leaders in their industry, with a great sense of innovation with the customer at the center. They are great businesses, with a long tradition in FEMSA, and we are sure that with Mill Point as owners there will be a focus on their development and growth, both of the business and of its executives and employees.
We wish Mill Point and our colleagues the best of luck in this new stage!” wrote the executive.

It is worth remembering that last October, Grupo Traxión  announced that  it signed an agreement for the acquisition  of  Solistica , one of FEMSA’s business units.

“Traxión informs the investing public that it has signed an agreement to acquire Solística, a comprehensive logistics services company, a subsidiary of Grupo FEMSA. Solística has an asset-light model that offers 3PL and freight brokerage services, with operations in Mexico, Brazil and Colombia, with a leadership position in its business lines, particularly in the north of the country,” Traxión said in a statement.

This transaction, which is subject to regulatory approval, is expected to be completed in the  first quarter of 2025.

The agreed price for this operation is approximately 4,060 million pesos , on a debt-free and cash-free basis, and will be paid in cash.

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El cargo FEMSA completes divestment of refrigeration and food service equipment apareció primero en T21.

The company Solistica , a division of FEMSA specialized in logistics solutions, signed a strategic alliance with Pierre Fabre , one of the leading brands in the dermocosmetic and pharmaceutical sectors, with the aim of optimizing logistics and expansion processes.

During the inauguration ceremony, Armando Carrillo, director of Contract Logistics of Solistica in Mexico, highlighted the importance of this project to improve logistics operations.

“This project symbolizes, in addition to mutual trust, our commitment to operational excellence, constant innovation and sharing a common vision of growth and success,” said Carrillo.

In that sense, Solistica will seek to implement innovations such as the Pick 2 light Omnichannel system , designed to optimize order preparation and offer real-time visibility.

For her part, Pierre Fabre’s Supply Chain Director, Marina Pauken, stressed that this collaboration will allow them to maintain their focus on the sale and expansion of products, while Solistica is in charge of logistics management with high quality standards.

“With Solistica at our side, we are well positioned to support the continued growth and expansion of Pierre Fabre,” noted Pauken.

The alliance also seeks to integrate inventory control processes and alignment of service expectations , essential for Pierre Fabre’s growth and success in the competitive Mexican market.

With this agreement, Solistica seeks its position as a key player in outsourced logistics, offering solutions adapted to the specific needs of its clients in critical sectors such as health and beauty.

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El cargo Solistica and Pierre Fabre Begin Their “Logistic Romance” in Mexico apareció primero en T21.

BYD announced that  FEMSA acquired 15 units of the Dolphin Mini for OXXO employees who are in charge of supervising stores, completely electric units that contribute to the company’s strategy to reduce carbon emissions and promote sustainable mobility in its operations. .

This initiative reflects the shared vision of BYD México and FEMSA to reduce polluting gas emissions through concrete actions that benefit the environment to generate a more sustainable future.

“With these actions, BYD reinforces great alliances and its commitment to sustainability and our main objective of reducing the Earth’s temperature by 1 degree Celsius. We are very pleased to be part of this FEMSA initiative, which seeks to minimize the environmental impact and optimize the use of cleaner and more efficient energy,” said Jorge Vallejo, general director of BYD Motors México. 

In addition to the acquisition of these 15 BYD Dolphin Minis, FEMSA also moved forward with more tests of electric trucks for its supply chain that will serve the San Martín Obispo Distribution Center in the State of Mexico.

As part of FEMSA’s medium and long-term plans towards electrification of its fleet, charging stations were also installed that will recharge its freight transportation.

“At OXXO we are committed to concrete actions that benefit the environment. The incorporation of electric vehicles in our fleet is a significant step towards reducing our carbon emissions and towards a more sustainable future,” said Blanca Martínez, Director of OXXO Operations.

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El cargo FEMSA Advances in Its Sustainable Strategy with BYD Vehicles apareció primero en T21.