date:Jul 28, 2014
call today that second-quarter results trailed their expectations although they expected a gradual pickup in consumer spending.
The Monterrey-based company posted adjusted net income of 3 billion pesos ($232 million), missing the 4.4 billion peso average forecast of analysts surveyed by Bloomberg.
It registered a 0.7 percent drop in traffic at its retail chains including Oxxo.
The results were not as solid as expected at Oxxo, JPMorgan Chase Co. analyst Andrea Teixeira wrote in a research re