Coca-Cola FEMSA Reports First Quarter 2026 Results

Coca-Cola FEMSA announced its first quarter 2026 results, with consolidated volume increasing by 1.2% and revenue by 1.1%. On a currency-neutral basis, revenue grew by 6.0%. Operating income saw a decrease of 2.3% as reported, but a 2.6% increase on a currency-neutral basis. The majority net income decreased by 15.5%, primarily due to an increase in comprehensive financing results. Earnings per share were Ps. 0.26. The company experienced strong performance in South America with a 4.3% revenue increase (12.3% on a currency-neutral basis) and an 18.8% operating income increase (26.9% currency-neutral). However, Mexico and Central America division revenue decreased by 1.4% (1.4% currency-neutral increase) with a significant 17.4% drop in operating income (14.2% currency-neutral decrease), attributed to a softer consumer backdrop, excise tax increases, and higher operating expenses. The company plans to focus on revenue management initiatives and leverage the FIFA World Cup platform for growth.