It posted a 23% rise in revenue to 186.47 billion pesos, topping the 178.10-billion-peso Refinitiv estimate.
FEMSA said it saw revenue growth in all its business units.
Earnings before interest, tax, depreciation and amortization (EBITDA), or core earnings, rose to 26.56 billion pesos, in line with the 26.48 billion pesos expected by analysts, Refinitiv Eikon data showed.
The company's subsidiary, Coca-Cola FEMSA, reported a 15% jump in quarterly revenue on Thursday on higher volumes in almost all of its markets. Last week, FEMSA announced plans to focus on its core operations, opting to divest its stake in Dutch beer giant Heineken.
It is also analyzing options for its smaller operations, executives said last Friday.
The firm plans to invest around $1.7 billion in 2023 in its core businesses, Chief Financial Officer Eugenio Garza said on a call with analysts.
Some $750 million will go to its "proximity" division, which is largely comprised of Oxxo convenience stores, as FEMSA continues opening locations, executives said.
Last week, Chief Executive Daniel Rodriguez said FEMSA would continue at its current rate of opening 800 to 1,000 Oxxo stores a year in Mexico.
Coca-Cola FEMSA will also see a "pick-up," Garza said, without specifying a total. Another $100 million will go to the health division and some $120 million will go to smaller businesses, executives added.
($1 = 19.5089 pesos at end-December)
(Reporting by Kylie Madry and Noe Torres; Additional reporting by Aida Pelaez-Fernandez; editing by Jane Merriman, Jason Neely and Sharon Singleton)
