Fomento Economico Mexicano, S.A.B. de C.V. (FMX) Converts 40 Texas Stores to Oxxo as U.S. Growth Gains Momentum

We recently compiled a list of the 13 Best Bear Market Stocks to Buy Right Now. Fomento Económico Mexicano, S.A.B. de C.V. is one of them.

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX), a leading Latin American beverage bottler and retail operator, is known for its Oxxo convenience stores and status as the world’s largest Coca-Cola bottler. The company has attracted attention as a strong defensive stock due to strategic expansion and market adaptation amid economic headwinds.

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) is accelerating its U.S. retail presence following its late-2024 acquisition of 249 Delek convenience stores for $385 million, which are being rebranded as Oxxo locations. By September 2025, around 40 stores in West Texas will have been converted, featuring expanded product lines including the corporation’s proprietary Andatti coffee. The initiative targets incremental sales growth while modernizing offerings to compete in the Southwest U.S., including Texas, New Mexico, and Arkansas.

In Mexico, FMX has closed 432 underperforming pharmacy stores to focus on profitability, cost control, and operational efficiency amid a sluggish consumer environment and adverse weather. Despite mixed domestic results, overall revenues rose 6.3% last quarter, driven largely by international expansion. The business continues to optimize product assortments, pricing, and overheads to strengthen core markets ahead of year-end.

On September 17, 2025, Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) appointed José Antonio Fernandez Garza-Laguera as its new CEO to guide its cross-border strategy. Analyst sentiment has improved following positive U.S. store performance and continued international growth.

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