Earnings release
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FEMSA HIGHLIGHTS FEMSA CONSOLIDATED FEMSA COMERCIO Proximity Division Health Division Fuel Division ( ¹ ) LOGISTICS & DISTRIBUTION COCA - COLA FEMSA variations vs. comparable results ( 1 ) 2Q21 137,058 FEMSA Announces Second Quarter 2021 Results Monterrey , Mexico , July 28 , 2021 Fomento Económico Mexicano , S.A.B. de C.V. ( " FEMSA " ) ( NYSE : FMX ; BMV : FEMSAUBD ) announced today its operational and financial results for the second quarter of 2021 . 50,850 18,377 9,974 11,266 47,786 Revenues Our results in 2Q20 were significantly impacted by COVID - 19 and the related changes in consumer mobility and behavior across markets . As we look at our 2Q21 results , the comparison base of 2020 is only a partial benchmark . Therefore , to facilitate the reader's assessment of our business units ' performance in 2Q21 , we provide the following table that includes variations versus 2Q19 as well . % var vs. 2Q20 19.7 % 17.1 % 17.6 % 56.3 % N / A 10.9 % FMX LISTED NYSE % var vs. 2Q19 6.9 % FINANCIAL SUMMARY FOR THE SECOND QUARTER AND FIRST SIX MONTHS 2021 Information includes figures in millions of Ps . and variations as change vs. respective period 7.8 % 20.5 % ( 19.7 % ) N / A ( 0.4 % ) Media Contact ( 52 ) 555-249-6843 comunicacion@femsa.com.mx www.femsa.com Follow today's event 10:00 AM ET Earnings Conference Call 2Q21 53,858 " ORAT NA FEMSA 21,138 5,434 1,297 2,468 22,560 Gross Profit % var vs. 2020 23.7 % 22.6 % 13.8 % 31.9 % N / A 18.3 % % var vs. 2Q19 12.4 % 12.5 % 19.7 % ( 7.6 % ) N / A 2.1 % 2021 ESR 13,973 4,569 1,056 356 EMPRESA SOCIALMENTE RESPONSABLE 586 7,248 Investor Contact ( 52 ) 818-328-6167 investor@femsa.com.mx www.femsa.com/inversionista Income from Operations % var vs. 2020 87.4 % 188.4 % 109.1 % 107.0 % N / A 41.3 % % var vs. 2Q19 17.1 % ( 1.4 % ) 59.0 % ( 21.8 % ) N / A 14.4 % Same - Store Sales % var vs. 2Q20 15.6 % 14.9 % 53.7 % % var vs. 2Q19 ( 2.5 % ) 1.2 % ( 21.8 % ) Eduardo Padilla , FEMSA's CEO , commented : " One year ago , we were in the eye of the storm . Our focus was on keeping our people and customers safe , preserving our cash , and making sure that we made it through the crisis in the best possible shape . Today , while the health emergency is not over , there is a clear recovery trend across business units and across markets . This improvement is not linear , nor is it the same for every market , but we are in a much better place now than we were last year in every one of our operations , and in some of them we are already above 2019 levels as well . At OXXO , we are seeing consumers return to the stores as soon as mobility trends improve , and they are filling their needs as they always do , including thirst , hunger , and the occasional treat . And we are seeing some categories that gained momentum during the lockdowns , such as spirits and pantry replenishment , remain strong . Our Health Division continued leveraging its platform , delivering solid results on top of good numbers last year , and OXXO Gas showed great improvement even as we continued to face the headwinds of lower vehicle mobility in Mexico . Our Logistics and Distribution operations continued to see gradual improvement in their markets , although Latin America is reopening more slowly than the United States . For its part , Coca - Cola FEMSA delivered a very strong set of numbers , reflecting solid performance across markets , and the entire organization driving efficiencies that helped profitability . Despite the uncertainty of the past twelve months , we remained committed to the long - term efforts that will help us build our future , such as the digital initiatives that already begin to enable new growth avenues across our operations . Those opportunities , combined with the encouraging near - term results we are delivering , make us optimistic about the second half of the year , and beyond . And I take this opportunity to again thank our more than three hundred thousand colleagues for their resilience and unwavering effort . " 1