Coca-Cola FEMSA, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 06:07 am EDT
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Coca-Cola FEMSA, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MXN 61,283 million compared to MXN 57,190 million a year ago. Revenue was MXN 61,428 million compared to MXN 57,311 million a year ago. Net income was MXN 4,926 million compared to MXN 4,627 million a year ago.
For the six months, sales was MXN 118,285 million compared to MXN 108,395 million a year ago. Revenue was MXN 118,641 million compared to MXN 108,635 million a year ago. Net income was MXN 8,837 million compared to MXN 7,532 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. 
