Coca-Cola FEMSA Reports Q2 2026 Earnings with Strong Volume Growth
Coca-Cola FEMSA (KOF) reported strong performance for the second quarter of 2026, driven by record volumes in Brazil, Colombia, and Guatemala. Consolidated volume reached 1.1 billion unit cases, a 3.5% increase year-over-year. Total revenues rose to MXN 76.3 billion, up 4.7%, supported by higher sales volumes and revenue management initiatives despite currency translation challenges. The company's gross profit increased by 8.8% to MXN 35.9 billion with a margin expansion of 180 basis points due to favorable costs for sweeteners and PET materials. Operating income grew by 9.1%, aided in part by insurance recoveries in Brazil, while normalized operating income rose 6.4%. Adjusted EBITDA increased by 12.1% to MXN 15 billion with a margin expansion of 130 basis points. Mexico's performance was mixed due to an excise tax increase and softer consumer demand but showed digital sales growth through its Juntos+ platform, which represented nearly 40% of traditional trade sales.
Tickers: $KOF
Topics: ebitda gross profit operating income revenue volume growth