Q1 2026 Coca-Cola Femsa SAB de CV Earnings Call Transcript
Key Points
- Coca-Cola Femsa SAB de CV (KOF) achieved a 1.2% increase in volume, reaching 998 million unit cases, driven by positive performance across most territories.
- The company reported a 1.1% growth in total revenue to MXN70.9 billion, with a 6.0% increase when excluding currency headwinds.
- Operations in Central and South America delivered solid performance, including record volumes in Guatemala, Colombia, and Brazil, highlighting the value of geographic diversification.
- Coca-Cola Femsa SAB de CV (KOF) gained 0.6 percentage points in value share in carbonated soft drinks (CSDs) and 0.4 percentage points in non-alcoholic ready-to-drink (NARTD) beverages in Mexico.
- The company continues to leverage digital enablers and a comprehensive portfolio to strengthen its competitive position and support long-term growth.
- In Mexico, volumes declined by 2.6% year-on-year due to the excise tax increase and softer consumer dynamics.
- Operating income declined by 2.3% to MXN9 billion, with an operating margin contraction of 50 basis points to 12.7%, mainly due to severance expenses and increased IT costs.
- Majority net income fell by 15.5% to MXN4.3 billion, reflecting a higher comprehensive financial result.
- The company faced unfavorable mix effects and currency translation headwinds, impacting revenue growth.
- Adjusted EBITDA margin remained flat at 18.9%, with only a 0.9% increase in adjusted EBITDA to MXN13.4 billion.
Hello, and welcome to the Coca-Cola Femsa first quarter 2026 conference call. My name is Felipe and will be your moderator for today's event. Please note that this conference is being recorded. (Operator Instructions) I would now like to hand the call over to Jorge Collazo, Investor Relations Director at Coca-Cola Femsa. Jorge, please go ahead.
Thank you, Filipe. Good morning, and welcome to this conference call to review our first quarter 2026 results. 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's expectations and are based on 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
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