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Fomento Económico Mexicano, S.A.B.
de C.V. ( NYSE: FMX ) Q1 2025 Earnings Conference Call April 28, 2025 10:00 AM ET Company Participants Juan Fonseca - IR Jose Antonio Fernandez Carbajal - CEO Martin Arias - CFO Conference Call Participants Tiago Bortoluci - Goldman Sachs Ben Theurer - Barclays Bob Ford - Bank of America Ricardo Alves - Morgan Stanley Alvaro Garcia - BTG Hector Maya - Scotiabank Ulises Argote - Santander Froylan Mendez - JP Morgan Rodrigo Alcantara - UBS Operator Welcome to the FEMSA's First Quarter 2025 Results Conference Call.
My name is Ellen and I'll be your coordinator for today's event. Please note, this call is being recorded and for the duration, your lines will be on listen-only. However, you will have the opportunity to ask questions at the end.
[Operator Instructions] I will now hand you over to your host, Juan Fonseca to begin first. Thank you. Juan Fonseca Thank you.
Good morning, everyone. Welcome to FEMSA's first quarter 2025 results conference call. Today, we are joined by Jose Antonio Fernandez Garza-Laguera, CEO of our Proximity and Health Division; Martin Arias, our CFO; and Jorge Collazo, who heads Coca-Cola FEMSA's Investor Relations team.
The plan for today is for Jose to open the conversation with some comments on the performance of the business during the first quarter, particularly at Proximity Americas and then to provide a quick update of our retail portfolio. After Jose's remarks, Martin will provide more detail on our quarterly results. Finally, we will open the call for your questions.
Jose, please go ahead. Jose Antonio Fernandez Carbajal Thank you, Juan. Good morning, everyone.
During the first quarter, FEMSA was able to navigate a challenging environment across several markets, particularly in Mexico taking advantage of its resilient geographically diversified business platform. Within Proximity and Health, however, Mexico is by far the biggest component and the.
