Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q1 2024 Earnings Call Transcript

And there is a, in the increase of the minimum wage in Mexico, which is very helpful to us, which is it goes towards the bottom of the pyramid that most uses our products and most uses our stores. And so, as people’s income increases, the reality is they’re also going to be purchasing more products from OXXO, and they’re going to be buying more Coca-Cola products. And we have to find the right balance, but part of our top line, part of our ticket is people have more money in their pocket. To be very honest, we’re all happy about that. I think it’s fantastic that people have more money in their pocket, and their standard of living is improving. And that’s a win-win for us, at least a positive development.

Alejandro Fuchs: Thank you, José Antonio, Martin, very comprehensive questions. Thank you.

Operator: Thank you. As we have no further questions, I’d like to turn the call back over to Mr. Fonseca for any closing remarks.

Juan Fonseca: Thanks, everyone. I think it was a great call. Obviously, we’re available for follow-ups as always. And otherwise, have a great weekend.

Operator: Thank you very much. That concludes today’s conference. You may now disconnect.