Coca Cola Femsa (NYSE:KOF) Announces Earnings Results

Posted by Brian Himes on Jul 29th, 2026

Coca Cola Femsa (NYSE:KOF – Get Free Report) posted its earnings results on Monday. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05, Zacks reports. Coca Cola Femsa had a return on equity of 16.01% and a net margin of 8.05%.The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.34 billion.

Here are the key takeaways from Coca Cola Femsa’s conference call:

Consolidated profitability improved: Second-quarter volume rose 3.5% and currency-neutral revenue increased 6.6%, while gross margin expanded 180 basis points and adjusted EBITDA margin expanded 130 basis points. Results benefited from lower sweetener and PET costs, hedging, operating leverage, and expense efficiencies, although the company noted a MXN 265 million insurance recovery in Brazil boosted reported earnings.
Brazil and Colombia remained major growth engines. Brazil volume increased 5.2% and Colombia surged 17.7%, with both markets gaining share and delivering strong operating leverage; management expects Brazil to continue performing well and Colombia to maintain healthy growth despite tougher comparisons in the second half.
Mexico showed sequential improvement but remains challenging. Management raised its full-year volume outlook from slightly negative to approximately flat, citing improving trends and share gains, but warned that consumer weakness and intense competition persist; the company plans to complete its inflation pass-through in August while maintaining affordability through larger and returnable packages.
Zero-sugar, energy drinks, and digital execution are gaining momentum. Mexico’s Coca-Cola Zero volume grew 24%, Brazil’s Monster and zero-sugar portfolios posted strong growth, and Juntos+ digital sales reached 19% of total revenue; the company also expects its Juntos+ Advisor platform to improve coverage, assortment, and point-of-sale execution as it expands across operations.
Brazil faces potential 2027 regulatory and cost risks. Management cited uncertainty around a possible selective tax increase and a proposed shift from a six-days-on/one-day-off labor schedule to five-days-on/two-days-off, both of which could raise costs or create an adjustment year. Argentina also remained weak, with volume down 2.8% amid a truck strike and soft consumer demand.

Coca Cola Femsa Stock Performance

Coca Cola Femsa stock opened at $108.64 on Wednesday. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The firm’s fifty day moving average price is $106.17 and its 200-day moving average price is $104.57. The stock has a market cap of $182.59 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. Coca Cola Femsa’s dividend payout ratio is 61.99%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. UBS Group cut their target price on Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Barclays lifted their target price on Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. HSBC reissued a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $117.17.

Check Out Our Latest Research Report on Coca Cola Femsa

Key Stories Impacting Coca Cola Femsa

Here are the key news stories impacting Coca Cola Femsa this week:

Positive Sentiment: Q2 earnings and revenue topped estimates: Coca-Cola FEMSA reported earnings of $1.70 per share, above the $1.65 consensus estimate, while revenue reached $4.36 billion versus expectations of $4.33 billion. The earnings beat likely supported the stock’s move higher. Coca-Cola FEMSA quarterly earnings report
Positive Sentiment: Growth was supported by South America and efficiency gains: Management commentary highlighted strong South American performance, improving efficiency, and consolidated revenue and operating income growth that outpaced volume growth. Organic expansion, acquisitions, and initiatives such as Juntos+ were also cited as potential longer-term growth drivers. Coca-Cola FEMSA Q2 growth analysis
Positive Sentiment: Dividend support: Coca-Cola FEMSA paid a second dividend installment of approximately Ps. 4.07 billion and proposed a total 2026 payout of Ps. 0.9675, reinforcing the company’s shareholder-return appeal. Coca-Cola FEMSA dividend announcement
Neutral Sentiment: HSBC maintained a Hold rating but raised or reaffirmed a $116 price target, implying roughly 6.8% upside from the referenced $108.64 price. The target indicates modest appreciation potential but the Hold stance signals limited near-term conviction.
Neutral Sentiment: Investors should continue monitoring mixed conditions in Mexico and Argentina, as well as whether the strong South American growth and margin improvements can be sustained.

Institutional Investors Weigh In On Coca Cola Femsa

Several hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of Coca Cola Femsa by 19.1% during the 4th quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock valued at $58,000 after purchasing an additional 99 shares during the last quarter. Vident Advisory LLC boosted its stake in Coca Cola Femsa by 2.4% in the fourth quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock worth $615,000 after buying an additional 152 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after acquiring an additional 153 shares during the last quarter. Cerity Partners LLC grew its position in Coca Cola Femsa by 3.4% during the fourth quarter. Cerity Partners LLC now owns 5,644 shares of the company’s stock valued at $535,000 after acquiring an additional 185 shares during the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Coca Cola Femsa by 6.6% during the third quarter. Cresset Asset Management LLC now owns 3,025 shares of the company’s stock worth $251,000 after acquiring an additional 188 shares in the last quarter.

Coca Cola Femsa Company Profile

(Get Free Report)

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.