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Coca Cola Femsa SAB De CV (KOF)
NYSE:KOF
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.46Last Year’s EPS
1.75Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive tone: the company delivered revenue, EBITDA and net income growth alongside notable market share recoveries, strong product momentum (Coke Zero, Sprite Zero), digital adoption and sustainability achievements. Key challenges include Mexico's consumer softness and the near-term impact of the IEPS excise tax, some margin pressure driven by mix and fixed costs, the need to normalize working capital after ERP-related base effects, and higher financing costs. Management emphasized resilience, prudent capital allocation, and confidence in scaling digital enablers and recovering competitive positions—leading to a cautiously optimistic outlook.Company Guidance
Consolidated Volume and Revenue Growth
Consolidated volume increased 1.3% in Q4 to 1.09 billion unit cases; Q4 total revenues grew 2.9% to MXN 77.7 billion (currency-neutral revenue growth of 6%). December marked the strongest month in company history.
Strong EBITDA and Operating Performance (including insurance recoveries)
Adjusted EBITDA for Q4 increased 12.8% to MXN 18.2 billion with EBITDA margin expanding 210 basis points to 23.4%. Operating income increased 13.3% to MXN 13.7 billion and operating margin expanded 160 basis points to 17.6% (note: both benefited from MXN ~1.1 billion of insurance recoveries).
Resilient Normalized Profitability
Excluding insurance recoveries, normalized adjusted EBITDA grew 4.4% in Q4 with margin expansion of 30 basis points to 21.9%; normalized operating income was down only 2.1% with an operating margin contraction of 90 basis points to 16.1%—reflecting resilience despite headwinds.
Market-Level Volume Wins and Product Momentum
Brazil Q4 volumes +2.6%; Colombia volumes +4.5%; Argentina volumes +3%; Guatemala volumes +3.5%. Coke Zero delivered strong growth: Mexico +14% Y/Y and Brazil +44% in 2025. Sprite Zero grew 93% Y/Y in Brazil and now represents >20% of Sprite volume. Stills growth: consolidated stills portfolio +7.4% in Mexico; Monster +41%, FUZE Tea +33%, Santa Clara +28%.
Digital Adoption and Sales Force Enablement
Juntos+ Advisor rollout completed in Mexico and expanded in Brazil: Mexico geo-efficiency/visitation improved by 5.5 percentage points (91% to 96.5%); Brazil Adviser efficiency improved 9.2pp to 95.6%. Juntos+ monthly active users surpassed target (303,000) and Premier loyalty base rose 73% Y/Y; Colombia digital buyers >320,000 with digital orders +15% and average ticket +4%.
Supply Chain and Capacity Investments
Brazil manufacturing capacity increased 8.2% Y/Y with five new production lines; warehouse capacity increased by >25,000 pallet positions (+6% Y/Y). Mexico planned expansion of cooler doors ( >100,000 by year-end 2026) to improve market execution.
Sustainability Recognition
S&P Global Corporate Sustainability Assessment score rose 11 points to an all-time high of 81; included in the 2026 Sustainability Yearbook as highest scoring company in sector in the Americas and record FTSE4Good score of 4.1/5, with improvements across MSCI, ISS ESG, Bloomberg ESG and CDP.
Majority Net Income Growth
Majority net income increased 3% year-on-year to MXN 7.5 billion despite higher effective tax rate and comprehensive financial results headwinds.
KOF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KOF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $106.51 | $110.60 | +3.84% |
Oct 24, 2025 | $83.53 | $86.11 | +3.08% |
Jul 23, 2025 | $86.77 | $83.84 | -3.37% |
Apr 25, 2025 | $95.42 | $94.71 | -0.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Coca Cola Femsa SAB De CV (KOF) report earnings?
Coca Cola Femsa SAB De CV (KOF) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Coca Cola Femsa SAB De CV (KOF) earnings time?
Coca Cola Femsa SAB De CV (KOF) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KOF EPS forecast?
KOF EPS forecast for the fiscal quarter 2026 (Q1) is 1.46.