Resilient Demand in South America and Soft Conditions in Mexico Sum Up Coca-Cola FEMSA (KOF)’s Q3 Results

Representing 1.26% of Bill Gates’s stock portfolio, Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) is one of his top 15 stock picks.

Resilient Demand in South America and Soft Conditions in Mexico Sum Up Coca-Cola FEMSA, S.A.B. de C.V. (KOF)’s Q3 Results

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On October 24, 2025, Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) reported its Q3 results.

The company surpassed analyst estimates, reporting an EPS (per ADS) of MXN 28.07, compared to the consensus estimate of MXN 27.60. With resilient demand in South America offsetting soft conditions in Mexico, the company reported strong operational performance marked by cost controls and productivity gains.

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) recorded a 3.3% YoY growth in total revenue, bringing it to MXN 71.9 billion. Meanwhile, operating income rose 6.8% to MXN 10.3 billion, and margins expanded 50 basis points to 14.3%. Moreover, the company noted a 3.7% growth in adjusted EBITDA.

Weaker consumer spending and pending excise tax hikes resulted in a 3.7% decline in volumes in Mexico, compared to 2.6% volume growth in South America, which was driven by Brazil’s strong performance and the success of Coca-Cola Zero. With affordability initiatives, digital rollouts like Juntos+ Advisor, and disciplined commodity hedging, Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)’s management aims to offset tax and cost pressures, positioning itself for long-term growth amid macro volatility.

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF), the largest Coca-Cola franchise bottler in the world by sales volume, produces and distributes beverages for The Coca-Cola Company.

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