Coca-Cola FEMSA Reports Record Q3 2026 Volumes and 10.9% Revenue Growth
Coca-Cola FEMSA (KOF) delivered a strong third quarter in 2026, reporting total revenue of MXN 79.7 billion, a 10.9% increase driven by record consolidated volumes of 1.1 billion unit cases. Gross margins expanded to 46.5%, benefiting from lower costs for sweeteners and PET. The company saw significant volume growth in Colombia (15.9%) and Brazil, alongside market share gains in sparkling beverages and energy drinks. Despite the top-line success, the company faced regional headwinds. Operating margins in Mexico contracted by 170 basis points due to rising labor, marketing, and freight costs. Additionally, management noted capacity constraints in Colombia and Venezuela, while currency volatility and higher interest rates in Brazil impacted financing expenses and accounts payable.
Tickers: $KOF
Topics: gross margin expansion raw material hedging regional performance revenue growth volume increase
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