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Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Management on Q1 2022 Results - Earnings Call Transcript

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Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q1 2022 Earnings Conference Call May 2, 2022 9:00 AM ET

Company Participants

Francisco Camacho Beltran - Chief Corporate Officer

Eugenio Garza - CFO

Juan Fonseca - VP of Investor Relations

Jorge Collazo - Director of Investor Relations, Coca-Cola FEMSA

Conference Call Participants

Benjamin Theurer - Barclays

Alan Alanis - Santander

Sergio Matsumoto - Citi

Alvaro Garcia - BTG

Luis Willard - GBM Group

Rodrigo Alcantara - UBS

Thiago Bertolucci - Goldman Sachs

Carlos Laboy - HSBC


Good morning. And welcome everyone to FEMSA's First Quarter 2022 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise [Operator Instructions]. During this conference call, management may discuss certain forward-looking statements concerning FEMSA’s future performance and should be considered as good faith estimates made by the company. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which can materially impact the company's actual performance.

At this time, I will now turn the conference over to Francisco Camacho Beltran, Chief Corporate Officer. Please go ahead, sir.

Francisco Camacho Beltran

Thank you, operator. Good morning, everyone. I hope you and your families are okay. Welcome to FEMSA's first quarter 2022 results conference call. Today, we are joined by Eugenio Garza, our CFO; and Juan Fonseca, whom you know well. As always, we also have Jorge Collazo on the line, who leads Coke FEMSA's Investor Relations team. Without further delay, let's just start with our call. We are very encouraged by the results achieved by all our business units during the first quarter. As you may remember, we closed 2021 with a positive momentum and things have continued to improve at the start of this year. I believe there are three things happening here. First, everyone -- every one of our business units has been working hard to develop successful growth

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