Shares of Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) tumbled 5.10% in pre-market trading on Monday following the release of its second-quarter 2025 results. The Mexican multinational beverage and retail company faced significant headwinds in its core Mexican operations, leading to a mixed set of financial outcomes.

FEMSA reported total consolidated revenues growth of 6.3% compared to Q2 2024, reaching 211.36 billion Mexican pesos. However, the company's net majority income per FEMSA ADS dropped substantially to $0.42, down from $1.93 in the same quarter last year. This decline in earnings, coupled with challenges in key segments, appears to have disappointed investors.

The company's CEO, José Antonio Fernandez Carbajal, acknowledged the difficulties, citing "a challenging combination of a soft consumer environment and very adverse weather that put pressure on retail operations and beverage volumes" in Mexico. Particularly concerning was the weak performance in Proximity Americas Mexico, where traffic numbers underperformed, reflecting struggles in convenience categories such as soft drinks, beer, and tobacco. While operations outside of Mexico showed more positive trends, they were not enough to offset the domestic challenges. The company stated it is working with supplier partners to adjust its assortment and price-package architecture to remain competitive in the face of changing customer needs. Despite the setbacks, FEMSA's management expressed confidence in their ongoing initiatives and their focus on reversing negative trends in the second half of the year.