Fomento Economico Mexicano (FMX) or FEMSA, reported Q1 net income Monday of 8.94 billion Mexican pesos ($458 million), up from 5.79 billion pesos a year earlier.
Analysts polled by FactSet expected 5.35 billion pesos.
Revenue for the quarter ended March 31 was 195.82 billion pesos, up from 176.33 billion pesos a year earlier.
Analysts surveyed by FactSet expected 194.80 billion pesos.
Shares of the beverage company were up 1.9% in recent premarket activity.
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