Coca-Cola FEMSA, S.A.B. de C.V., operating as a licensed bottler, is engaged in the manufacturing, marketing, sale, and distribution of beverages under ...
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Est. EPS $30.30 · Revenue $77.62B · 1 analysts
Est. EPS $37.22 · Revenue $84.26B · 1 analysts
Est. EPS $126.40 · Revenue $317.04B · 4 analysts
Est. EPS $26.06 · Revenue $78.79B · 1 analysts
$77.40 per share
$77.40 per share
EPS MXN 29.60 · Revenue MXN 76.32B
EPS MXN 20.70 · Revenue MXN 70.93B
EPS MXN 113.50 · Revenue MXN 291.75B
EPS MXN 28.10 · Revenue MXN 71.88B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $291.7B | +4.3% | +7.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $23.8B | +0.5% | +43.1% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +45.1% | -1.2% | +0.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +14.0% | -3.3% | +2.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +8.2% | -3.6% | +32.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $6.1B | -63.4% | +18.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +2.1% | -64.9% | +9.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 56.6% | +2.4% | -4.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.12x | -0.1% | -5.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $314.5B | +2.1% | +0.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 113.50 vs 113.35 | +0.1% | 29.60 vs 27.85 | +6.3% |
| Revenue Surprise | $291.7B vs $288.6B | +1.1% | $76.3B vs $75.6B | +1.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| May 27, 2026 | Cutrale Jose Luis | director: | — | — | 0 | — |
| May 22, 2026 | Nicolau Gutierrez Luis Alfonso | director: | — | — | 0 | — |
| Mar 18, 2026 | Gonzalez Olga | director: | — | — | 0 | — |
| Mar 18, 2026 | Kim LeRoy | director: | — | — | 0 | — |
| Mar 18, 2026 | Cutrale Jose Henrique | director: | — | — | 0 | — |
Operator : Hello, and welcome to the Coca-Cola FEMSA Second Quarter 2026 Conference Call. My name is Vinicius, and I will be your moderator for today's event. Please note that this conference is being recorded. I would like to hand the call over to Pamela Ortiz, Investor Relations Director at Coca-Cola FEMSA. Pamela, please go ahead. Pamela Ortiz : Good morning, everyone, and welcome to Coca-Cola FEMSA's Second Quarter 2026 Results Conference Call. Today, we are joined by Ian Craig, our CEO; Gerardo Cruz, our CFO; and the rest of the Investor Relations team. Before we begin, let me remind all participants that today's conference call may include forward-looking statements that should be considered as good faith estimates made by the company. These forward-looking statements reflect management expectations and are based upon currently available data. The actual results are subject to future events and uncertainties that can materially impact the company's performance. For additional details, please refer to the full disclaimer in the earnings release that was published earlier today. After the prepared remarks, we will open the call for questions. To ask a question, please use the right hand feature in your Zoom toolbox. With that, let me turn the call over to Ian, our CEO, to begin our presentation about the second quarter results. Ian, please go ahead. Ian Marcel Craig García : Thank you, Pamela. Good morning, everyone. Before reviewing our second quarter results, I would like to take a moment to address the earthquakes that struck Venezuela on June 24. This unfortunate strategy resulted in loss of life thousands of injuries and significant displacement across affected communities. It has impacted many people throughout the region, including employees of Coca-Cola FEMSA Venezuela and their families. We extend our deepest condolences to those who have lost love ones and express our solidarity with everyone affected by this strategy. Our immediate priority has been to support our employees and their families as well as the impacted communities with broader support from FEMSA and the Coca-Cola Company were contributing to the humanitarian response, including the donation of more than 100,000 liters of water and other essential emergency supplies to communities in need. We remain closely engaged with the team on the ground and will continue supporting our people and the broader community as recovery and rebuilding efforts progress. Now let me walk you through our consolidated results. Our second quarter showed sequential improvement at the consolidated level, driven mainly by record second quarter volumes in Brazil, Colombia and Guatemala, where we continue to drive growth in the industry. At the same time, Mexico continued to face headwinds from the excise tax increase and the softer consumer environment. Against this background, we remain focused on implementing our sustainable long-term growth, continuing to gain share across markets and …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Gabriel Coindreau Montemayor | Chief Strategic Planning Officer | Male | 1970 | Active |
Jorge Alejandro Collazo Pereda | Head of Investor Relations | Male | — | Active |
Washington Fabricio Ponce García | Chief Operating Officer of Mexico | Male | 1968 | Active |
Camila Lopes Amaral Westin Pereira | Chief Legal Officer | Female | 1981 | Active |
Eduardo Pereyra Mendez | Chief Operating Officer of Brazil Division | Male | 1973 | Active |
Jose Antonio Vicente Fernandez Carbajal | Executive Chairman | Male | 1954 | Active |
Thiago Oliveira | Chief Digital, Information & Technology Officer | Male | — | Active |
Antonio Díaz Caneja Guillen | Chief Human Resources Officer | Male | 1978 | Active |
Ian Marcel Craig García | Chief Executive Officer & MD | Male | 1972 | Active |
Gerardo Cruz Celaya | Chief Financial Officer and Director of Administration & Finance | Male | 1977 | Active |
Coca-Cola Femsa delivered solid Q2 results, with revenues up 4.7% and net income surging 16.9%. KOF offset flat Mexican sales with record volumes in Colombia, Guatemala, and Brazil, benefiting from favorable LatAm macro trends. Premiumization and strong energy drink growth, especially Monster in Brazil, provide upside beyond traditional soda volumes.
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) Q2 2026 Earnings Call Transcript
Coca-Cola FEMSA, S.A.B. de C.V. remains a Buy, supported by high-quality operations and reasonable LATAM valuation, even after solid Q2 results. Q2 showed strong South American growth and efficiency gains, offsetting mixed signals in Mexico and Argentina, with consolidated revenue and operating income outpacing volume. KOF continues to benefit from organic growth, M&A, and ecosystem initiatives like Juntos+, while demographic trends and category expansion provide further upside.
Coca Cola Femsa NYSE: KOF reported second-quarter 2026 volume, revenue and profit growth, supported by record quarterly volumes in Brazil, Colombia and Guatemala, while Mexico continued to contend with an excise-tax increase and softer consumer demand.
For the past three years, Mexico's investment story has been dominated by one word: nearshoring.
