Coca-Cola FEMSA, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 24, 2022 at 01:17 am EDT
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Coca-Cola FEMSA, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 57,017 million compared to MXN 47,916 million a year ago. Revenue was MXN 57,093 million compared to MXN 48,316 million a year ago. Net income was MXN 4,374 million compared to MXN 3,419 million a year ago.
For the nine months, sales was MXN 165,723 million compared to MXN 140,370 million a year ago. Revenue was MXN 166,042 million compared to MXN 141,091 million a year ago. Net income was MXN 11,931 million compared to MXN 9,893 million a year ago.
Coca-Cola FEMSA, S.A.B. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities. The Company's segments include Mexico and Central America division, which comprises Mexico (including corporate operations), Guatemala, Nicaragua, Costa Rica and Panama; the South America division, which consists of Brazil, Argentina and Colombia; Venezuela, which operates in an economy with exchange control and hyper-inflation, and the Asian division, which consists of the Company's equity method investment in Coca-Cola FEMSA Philippines, Inc. The Coca-Cola trademark beverages include sparkling beverages (colas and flavored sparkling beverages), waters and still beverages (including juice drinks, coffee, teas, milk, dairy and isotonic drinks).
COCA-COLA FEMSA, S.A.B. DE C.V. 
