Coca-Cola FEMSA Files 6-K, Confirms 20-F Annual Reporting

TL;DR

**Coca-Cola FEMSA just filed a routine 6-K, confirming its status as a foreign private issuer and its use of Form 20-F for annual reports.**

AI Summary

Coca-Cola FEMSA, S.A.B. de C.V. filed a Form 6-K with the SEC on February 22, 2024, for the month of February 2024. The filing indicates that the company, a foreign private issuer, submits annual reports under Form 20-F. The report covers the period ending December 31, 2023, and confirms its business address as Calle Mario Pani No. 100, Santa Fe Cuajimalpa, Cuajimalpa de Morelos, 05348, Ciudad de México, México.

Why It Matters

This filing confirms Coca-Cola FEMSA's compliance with SEC reporting requirements as a foreign private issuer, providing transparency to investors regarding its regulatory status.

Risk Assessment

Risk Level: low — This is a routine administrative filing with no new material financial or operational information.

Key Players & Entities

• COCA-COLA FEMSA, S.A.B. de C.V. (company) — registrant
• United Mexican States (company) — jurisdiction of incorporation
• February 2024 (date) — month of report
• December 31, 2023 (date) — conformed period of report
• February 22, 2024 (date) — filed as of date

FAQ

Key Financial Figures

• $2.5 billion — were Ps. 92.99.) Achieved more than US$2.5 billion in digital revenues through Juntos+ F

Filing Documents

• kofpr4q23_6k.htm (6-K) — 449KB
• image_031.jpg (GRAPHIC) — 67KB
• image_032.jpg (GRAPHIC) — 29KB
• image_004.jpg (GRAPHIC) — 35KB
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• image_011.jpg (GRAPHIC) — 34KB
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• image_016.jpg (GRAPHIC) — 33KB
• image_035.jpg (GRAPHIC) — 7KB
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• 0001292814-24-000476.txt ( ) — 852KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-12260 COCA-COLA FEMSA, S.A.B. de C.V. (Translation of registrant’s name into English) United Mexican States (Jurisdiction of incorporation or organization) Calle Mario Pani No. 100, Santa Fe Cuajimalpa, Cuajimalpa de Morelos, 05348, Ciudad de México, México (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Yes No X Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) Yes No X Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No X If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-__. FOURTH QUARTER HIGHLIGHTS Mexico City, February 22, 2024, Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFUBL, NYSE: KOF) (“Coca-Cola FEMSA”, “KOF” or the “Company”), the largest Coca-Cola franchise bottler in the world by sales volume, announces results for the fourth quarter of 2023. Volume growth 6.1% Revenue growth 8.0% Operating income growth 7.3% Majority net income decreased 24.5% Earnings per share 1 were Ps. 0.32. (Earnings per unit were Ps. 2.57 and per ADS were Ps. 25.67.) Achieved more than 1.1 million monthly active buyers on Juntos+, our omnichannel B2B platform FULL YEAR HIGHLIGHTS Volume growth 7.8% —surpassing 4 billion unit cases for the first time in Coca-Cola FEMSA’s history Revenue growth 8.1% Operating income growth 10.8% Majority net income growth 2.6% Earnings per share 1 were Ps. 1.16. (Earnings per unit were Ps. 9.30 and per ADS were Ps. 92.99.) Achieved more than US$2.5 billion in digital revenues through Juntos+ FINANCIAL SUMMARY FOR THE FOURTH QUARTER RESULTS Change vs. same period of last year Total Revenues Gross Profit Operating Income Majority Net Income 4Q23 FY 2023 4Q23 FY 2023 4Q23 FY 2023 4Q23 FY 2023 As Reported Consolidated 8.0% 8.1% 12.6% 10.5% 7.3% 10.8% (24.5%) 2.6% Mexico & Central America 11.3% 14.0% 17.5% 15.5% 7.8% 10.6% South America 3.8% (0.0%) 5.8% 2.4% 6.7% 11.3% Comparable (2) Consolidated 15.7% 18.0% 21.3% 20.5% 15.3% 19.4% Mexico & Central America 13.1% 16.0% 19.4% 17.5% 10.0% 12.6% South America 19.5% 21.3% 24.3% 26.5% 23.6% 36.7% Ian Craig, Coca-Cola FEMSA’s CEO, commented: "We are pleased to report another quarter of solid growth. Within our key markets, we achieved outstanding results, particularly in Mexico, Brazil, Colombia, and Guatemala. These results enabled us to surpass 4 billion unit cases of NARTD volume for the year, underscoring our strategic focus on a sustainable growth model across our markets. This year also marked another milestone in our digital transformation journey. We successfully accelerated the development and adoption of our digital platform Juntos +, achieving more than 1.1 million monthly active users and digital sales of more than US$ 2.5 billion during the year. The integration of advanced analytics and user experience improvements in version 4.0, is enabling us to serve our customers more effectively, driving both loyalty and growth. Looking ahead, we are committed to further leveraging digital innovation and advanced analytics to stay ahead of consumer trends, enhance our value proposition, and drive sustainable growth. Finally, we continue to focus on developing a consumer-centric culture, with psychological safety across all levels of our organization. This approach will continue to shape our growth mindset as we aim to continue creating value for all of our customers, consumers, and stakeholders." (1) Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units. (2) Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. Coca-Cola FEMSA Reports 4Q23 Results February 22, 2024 Page 2 of 17 RECENT DEV

View Full Filing

View this 6-K filing on SEC EDGAR