Coca-Cola Femsa reported a 1.1% revenue increase to 70,925 million pesos in the first quarter, driven by 1.2% consolidated volume growth. Lower sales in Mexico and higher costs caused a 15.5% drop in net profit to 4,342 million pesos.
Coca-Cola Femsa's revenues rose 1.1% to 70,925 million pesos in the first quarter, pressured by the increase in the Special Tax on Production and Services (IEPS) on sugary drinks. Consolidated volume grew 1.2%, supported by strong performance in Argentina, Brazil, Colombia, and Guatemala, offsetting declines in Mexico.
In Mexico and Central America, operating profit fell 17.4% due to lower volumes, an unfavorable product mix, and severance expenses. This led to a 15.5% decline in consolidated net profit to 4,342 million pesos.
Ian Craig, the CEO, stated: “As anticipated, we faced a weaker consumption environment in Mexico, pressured by the IEPS increase. We gained share in most markets and hit record first-quarter volumes in key markets like Brazil, Colombia, and Guatemala”.
Operating cash flow increased 0.9% to 13,374 million pesos. Craig said the company will leverage the 2026 FIFA World Cup platform to drive business, focusing on profitability and sustainable long-term growth.