Coca-Cola FEMSA reported a 3.5% increase in consolidated volume to 1.1 billion unit cases for the second quarter of 2026, driven by record quarterly volumes in Brazil, Colombia, and Guatemala. Total revenues rose 4.7% to MXN 76.3 billion, while gross profit grew 8.8% to MXN 35.9 billion, with gross margin expanding 180 basis points to 47.1% due to favorable sweetener and PET costs. Operating income increased 9.1% to MXN 10.7 billion, aided by MXN 265 million in recovered insurance claims in Brazil, and adjusted EBITDA grew 12.1% to MXN 15 billion. Majority net income rose 16.9% to MXN 6.2 billion, reflecting higher operating income and a lower effective tax rate. In Mexico, volume increased 1% despite headwinds from an excise tax increase and a softer consumer environment, while digital sales through the Juntos+ platform represented 38% of traditional trade sales and 19% of total revenues in the territory. Brazil volume grew 5.2%, Colombia volume surged 17.7%, and Guatemala volume rose 3.4%, while Argentina volume contracted 2.8%. Management expects 2026 capital expenditures to remain between 7% and 7.5% of total revenues and has hedged 96% of sugar, 98% of HFCS, 73% of aluminum, and 65% of PET requirements for the year.
Fomento Economico MexicanoCoca-Cola FEMSA reported strong Q2 2026 earnings with volume growth, margin expansion, and higher net income.
Coca-Cola Femsa SAB de CV ADR
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