Coca-Cola FEMSA, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 07:11 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, 2023. For the third quarter, the company reported sales was MXN 62,853.01 million compared to MXN 57,093.49 million a year ago. Net income was MXN 5,380.07 million compared to MXN 4,374.11 million a year ago. Basic earnings per share from continuing operations was MXN 25.6.
For the nine months, sales was MXN 181,376.15 million compared to MXN 166,042.04 million a year ago. Net income was MXN 14,213.19 million compared to MXN 11,930.64 million a year ago. Basic earnings per share from continuing operations was MXN 67.7.
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. 
