OXXO Is 292 Shops Away From Its 25,000th Store in Mexico
FEMSA ended June 2026 with 24,708 OXXO stores in Mexico, 292 short of 25,000, after opening 832 net shops in a year. The post OXXO Is 292 Shops Away From Its 25,000th Store in Mexico appeared first on The Rio Times .
OXXO, a popular convenience store chain in Mexico, is just 292 stores away from reaching its milestone of 25,000 locations. Currently, FEMSA, the parent company of OXXO, has 24,708 shops in Mexico after opening 832 net stores over the past year. This rapid growth, averaging more than two new stores per day, highlights the inescapable presence of OXXO throughout the country.
With a store within walking distance of most urban Mexicans, the chain represents a national financial infrastructure, offering services such as bill payments, remittances, and phone top-ups. FEMSA has paused its banking licence application for Spin, its digital payments arm, to focus on OXXO's store efficiency, profitability, and reduced regulatory costs.
This shift in strategy underscores the chain's dominance and profitability, with OXXO's Mexican revenue growing 11.8% in the second quarter. The milestone of 25,000 stores in Mexico is expected to be reached before Christmas, marking a significant achievement for FEMSA.
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