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Coca-Cola Femsa SAB de CV
F:CFSL

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Coca-Cola Femsa SAB de CV
F:CFSL
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Price: 95 EUR -2.46%
Market Cap: €20B

Coca-Cola Femsa SAB de CV
Investor Relations

Coca-Cola Femsa SAB de CV, the largest franchise bottler of Coca-Cola products in the world, weaves a complex narrative of strategic partnerships and expansive operations. Formed in 1993, the company stands as a testament to the power of synergy between two giants: Coca-Cola and Femsa, a Mexican multinational beverage and retail conglomerate. Operating in Latin America and parts of Asia, Coca-Cola Femsa's extensive portfolio stretches beyond traditional Coca-Cola beverages, embracing a wide array of carbonated drinks, juices, teas, waters, and energy drinks. This vast product line moves through an intricate distribution network, designed to efficiently reach a diverse set of geographical markets. The company’s success lies in its ability to tap into local markets while leveraging the global strength and appeal of the Coca-Cola brand. The mechanics of Coca-Cola Femsa's profitability hinge on several key components: extensive distribution capabilities, strategic market positioning, and the adept management of a varied product mix. The company invests significantly in its supply chain, optimizing operations from the bottling plants through to consumer outlets, ensuring that it can deliver its products swiftly and consistently. Revenue is generated not only from direct sales to retailers but also through vending machines and collaborations with restaurants and entertainment venues. By marrying local tastes with global brand power, Coca-Cola Femsa continuously adapts to consumer preferences, ensuring relevance and demand, which in turn supports its broad-reaching, profit-generating enterprise.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 27, 2026
AI Summary
Q2 2026

Strong quarter: Coca-Cola FEMSA said consolidated volume rose 3.5% to 1.1 billion unit cases and revenue increased 4.7% to MXN 76.3 billion, with even better results on a currency-neutral basis.

Margin expansion: Gross margin, operating margin and EBITDA margin all improved year over year, helped by lower sweetener and PET costs, operating leverage, and expense efficiencies, though higher freight, marketing and aluminum costs weighed on results.

Mexico still mixed: Mexico remained challenged by the excise tax increase and weak consumer demand, but management said share gains are building a cushion and now expects full-year volumes to be roughly flat instead of slightly negative.

Brazil and Colombia shine: Brazil and Colombia delivered standout volume growth, and management said both markets are gaining share and benefiting from strong execution, digital tools, and the FIFA World Cup activation.

Pricing debate: Management said Mexico passed through about 85% of the tax and inflation impact so far and plans to catch up the remaining gap in August, while keeping an eye on consumer reaction.

Capital return review: The company said it is reviewing options for returning capital to shareholders, but no decision has been made yet.

Key risks: Management highlighted slower-than-potential growth in Mexico and possible 2027 tax and labor changes in Brazil as the main items on its radar.

Key Financials
Consolidated volume
1.1 billion unit cases
Revenue
MXN 76.3 billion
Gross profit
MXN 35.9 billion
Gross margin
47.1%
Operating income
MXN 10.7 billion
Operating margin
14.0%
Adjusted EBITDA
MXN 15.0 billion
EBITDA margin
19.7%
Majority net income
MXN 6.2 billion
Mexico revenues
MXN 45.4 billion
Mexico gross profit
MXN 22.2 billion
Mexico gross margin
48.9%
Mexico operating income
MXN 6.4 billion
Mexico operating margin
14.0%
Mexico adjusted EBITDA
MXN 9.0 billion
Mexico EBITDA margin
19.7%
South America volume
426 million unit cases
South America revenue
MXN 30.9 billion
South America gross profit
MXN 13.7 billion
South America gross margin
44.4%
South America operating income
MXN 4.3 billion
South America operating margin
13.9%
South America adjusted EBITDA
MXN 6.1 billion
South America EBITDA margin
19.6%
Insurance claims recovery
MXN 265 million
Financial result
MXN 1.3 billion expense
Mexico digital sales
38% of traditional trade
Mexico digital sales
19% of total revenues
Guatemala customer base
approximately 156,000 customers
Guatemala cooler coverage
78.8%
Colombia unemployment
8%
Brazil single-serve mix
28%
Mexico Juntos+ digital sales
38% of traditional trade
Other Earnings Calls

Management

Mr. Jose Antonio Vicente Fernandez Carbajal
Executive Chairman
No Bio Available
Mr. Ian Marcel Craig García
CEO & MD
No Bio Available
Mr. Gerardo Cruz Celaya
CFO and Director of Administration & Finance
No Bio Available
Mr. Ignacio Echevarria Mendiguren
Digital & Technology Officer
No Bio Available
Mr. Jorge Alejandro Collazo Pereda
Head of Investor Relations
No Bio Available
Mr. Antonio Díaz Caneja Guillen
Human Resources Officer
No Bio Available
Mr. Constantino Spas Montesinos
CEO of Strategic Businesses of FEMSA
No Bio Available
Mr. Rafael Ramos Casas
Chief Supply Chain & Engineering Officer
No Bio Available
Mr. Washington Fabricio Ponce García
Chief Operating Officer of Mexico
No Bio Available
Mr. Eduardo Pereyra Mendez
Chief Operating Officer of Brazil Division
No Bio Available

Contacts

Address
MEXICO, D.F.
Mexico City
Mario Pani #100.,Col. Santa Fe Cuajimalpa, Deleg. Cuajimalpa
Contacts
+525515195000.0
www.coca-colafemsa.com