Coca Cola Femsa S.a.b. De C.v. (KOF)
NYSE:KOF
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Earnings Data
Report Date
Jul 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.56Last Year’s EPS
1.85Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong operational momentum across South America (notably Brazil and Colombia), gross margin expansion, resilient adjusted EBITDA and execution wins with digital adoption and sustainability leadership. These positives are materially offset by Mexico headwinds from an excise tax increase and softer consumption, one-time ERP/severance costs and higher financing/FX expenses that reduced majority net income. Management emphasizes that many negative items are timing or one-off (severance, IT) and that they have hedges and a playbook to protect long-term profitability, while also warning of ongoing commodity volatility.Company Guidance
Consolidated Volume Growth
Total volume increased 1.2% year-on-year to 998 million unit cases, driven by positive performance across most territories and record Q1 volumes in Guatemala, Colombia and Brazil.
Revenue and Currency-Neutral Growth
Total revenue rose 1.1% to MXN 70.9 billion; on a currency-neutral basis revenues increased 6.0%, reflecting underlying top-line strength after FX translation headwinds.
Gross Profit and Margin Expansion
Gross profit increased 4.5% to MXN 33.3 billion and gross margin expanded by 150 basis points to 46.9%, driven mainly by lower PET and sweetener costs and favorable currency movements; on a currency-neutral basis gross profit rose 9.5%.
Adjusted EBITDA Resilience
Adjusted EBITDA increased 0.9% to MXN 13.4 billion with adjusted EBITDA margin stable at 18.9%; comparable (ex-FX) adjusted EBITDA rose 6.1%.
South America Strong Operational Performance
South America volumes grew 4.8% to 453.9 million unit cases; revenues up 4.3% to MXN 31.8 billion (currency-neutral +12.3%), gross profit +10% and operating income rose 18.8% to MXN 4.6 billion; adjusted EBITDA increased 16.8% to MXN 6.2 billion with margin expansion of 210 bps to 19.6%.
Market Share Gains and Brand Momentum
Mexico value share gains of +0.6 pp in CSDs and +0.4 pp in NARTDs; Coke Zero volume in Mexico +10%; Brazil Coke Zero +11.4% (28.6 pp of colas mix) and Sprite growth >30% driven by Sprite Zero now >27% of Sprite volume; Colombia volumes +8.9% and Argentina volumes +5.4%.
Commercial Execution and Digital Adoption
Notable digital and commercial achievements: Juntos+ Advisor visitation improved to 93.6% in Mexico (+3 pp) and combined coverage 81.3% (+2.8 pp); Brazil combined coverage increased from 49.6% to 58.6% and Juntos+ Advisor visitation reached 94.1% (+1.3 pp). Installed >47,000 doors in Q1 (50% of 2025 total). Order fulfillment >97% and productivity improved 6.5% year-on-year.
Strong Category and Channel Wins
Growth in profitable noncarbonated and energy categories: Monster and Powerade gains in multiple markets (Monster growth >30% in Colombia; Powerade +10% in Colombia; multi-serve and one-way presentations showing material growth where promoted). Guatemala recorded a Q1 with volumes +2.7% and a record March.
Sustainability and Reporting Leadership
Maintained ISS ESG prime status, improved Morningstar Sustainalytics score, published 2025 integrated report aligned with IFRS S1/S2 with independent assurance, and became the first nonalcoholic beverage company in the Americas to formally register as a TNFD adopter.
Hedging and Input Coverage
Robust hedging coverage for key inputs: PET 60% hedged, sugar 93%, HFCS 98%, aluminum 72%, providing visibility on major commodity cost exposures for the year.
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 |
|---|---|---|---|
Apr 29, 2026 | $101.08 | $99.02 | -2.04% |
Feb 24, 2026 | $105.52 | $109.57 | +3.84% |
Oct 24, 2025 | $82.73 | $85.28 | +3.08% |
Jul 23, 2025 | $85.94 | $83.04 | -3.37% |
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 S.a.b. De C.v. (KOF) report earnings?
Coca Cola Femsa S.a.b. De C.v. (KOF) is schdueled to report earning on Jul 27, 2026, Before Open (Confirmed).
What is Coca Cola Femsa S.a.b. De C.v. (KOF) earnings time?
Coca Cola Femsa S.a.b. De C.v. (KOF) earnings time is at Jul 27, 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 (Q2) is 1.56.