Coca-Cola FEMSA Files Monthly 6-K Report

TL;DR

KOF filed its monthly 6-K, standard procedure for foreign issuers.

AI Summary

Coca-Cola FEMSA, S.A.B. de C.V. filed a Form 6-K on April 24, 2024, for the period ending March 31, 2024. This report is for foreign private issuers and is filed monthly. The company is incorporated in the United Mexican States and its principal executive offices are located in Mexico City.

Why It Matters

This filing provides routine updates for investors and regulatory bodies regarding Coca-Cola FEMSA's operations as a foreign private issuer.

Risk Assessment

Risk Level: low — This is a routine monthly filing (6-K) that does not appear to contain 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

FAQ

Filing Documents

• kofpr1q24_6k.htm (6-K) — 303KB
• image_033.jpg (GRAPHIC) — 104KB
• image_034.jpg (GRAPHIC) — 32KB
• image_035.jpg (GRAPHIC) — 19KB
• image_036.jpg (GRAPHIC) — 3KB
• image_037.jpg (GRAPHIC) — 20KB
• image_038.jpg (GRAPHIC) — 3KB
• image_039.jpg (GRAPHIC) — 19KB
• image_040.jpg (GRAPHIC) — 7KB
• image_042.jpg (GRAPHIC) — 7KB
• image_043.jpg (GRAPHIC) — 17KB
• 0001292814-24-001518.txt ( ) — 620KB

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 April 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-__. Mexico City, April 24, 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 first quarter of 2024. FIRST QUARTER HIGHLIGHTS Volume growth 7.3% Revenue growth 11.2% Operating income growth 11.6% Majority net income growth 27.8% Earnings per share 1 were Ps. 0.30 (Earnings per unit were Ps. 2.38 and per ADS were Ps. 23.83) Successfully launched version 4.0 of Juntos+ app in Mexico, reaching more than 214K active monthly users FINANCIAL SUMMARY FOR THE FIRST QUARTER RESULTS Change vs. same period of last year Total Revenues Gross Profit Operating Income Majority Net Income 1Q24 1Q24 1Q24 1Q24 As Reported Consolidated 11.2% 11.7% 11.6% 27.8% Mexico & Central America 12.6% 12.4% 13.4% South America 9.3% 10.5% 8.2% Comparable (2) Consolidated 17.7% 18.5% 18.9% Mexico & Central America 14.1% 13.9% 15.1% South America 23.4% 27.4% 27.0% Ian Craig, Coca-Cola FEMSA’s CEO, commented: "As we reflect on a positive first quarter, I am encouraged by the progress we are making across our strategic priorities. We continue implementing a sustainable growth model, building on the positive momentum of our core business. To this end, we posted solid volumes in key markets such as Mexico, Brazil, Colombia, Guatemala, and our Central America South territories, supporting our top-line and operating income to achieve double-digit growth. Additionally, we continue laying the foundation to take Juntos + to the next level with advanced artificial intelligence capabilities. During the quarter, we successfully launched Juntos + version 4.0 in Mexico, which includes new features and an improved user experience, enabling us to serve our customers more effectively. Moreover, we continue fostering a customer-centric culture within our organization with the deployment of our KOF Principles. All this would not be possible without the dedication and talent of our teams across our operations, and our shared commitment to creating long-term sustainable value for all of our stakeholders. As we progress throughout the year, we will continue focusing on these three drivers: build on the growth momentum of our core business, take Juntos+ to the next level, and foster a customer-centric and psychologically safe culture." (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 8 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. Coca-Cola FEMSA Reports 1Q24 Results April 24, 2024 Page 2 of 14 RECENT DEVELOPMENTS On March 19, 2024, Coca-Cola FEMSA held its Annual Ordinary General Shareholders’ Meeting, during which its shareholders approved among other things, the Company’s consolidated financial statements for the year ended December 31, 2023, the annual report presented by the Board of Directors, the declaration and payment of dividends corresponding to the fiscal year 2023, and the appointment or reelection of the members of the Board of Directors, the Planning and Finance, Audit and Corporate Pr

View Full Filing

View this 6-K filing on SEC EDGAR