Coca-Cola FEMSA Files 6-K Report

TL;DR

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

AI Summary

Coca-Cola FEMSA, S.A.B. de C.V. filed a Form 6-K on July 19, 2024, reporting for the period ending June 30, 2024. This filing is a report of a foreign private issuer and does not contain specific financial figures or operational updates within the provided text, but rather serves as a notification and filing status update.

Why It Matters

This filing indicates that Coca-Cola FEMSA is meeting its reporting obligations as a foreign private issuer with the SEC, which is crucial for maintaining transparency and investor confidence.

Risk Assessment

Risk Level: low — This filing is a routine procedural report and does not contain new material information that would inherently increase risk.

Key Players & Entities

• Coca-Cola FEMSA, S.A.B. de C.V. (company) — Registrant
• 20240630 (date) — Reporting Period End Date
• 20240719 (date) — Filing Date

FAQ

Filing Documents

• kofpr2q24_6k.htm (6-K) — 442KB
• image_032.jpg (GRAPHIC) — 99KB
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• 0001292814-24-002790.txt ( ) — 794KB

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 July 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, July 19, 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 second quarter of 2024. SECOND QUARTER HIGHLIGHTS Volume growth 7.5% Revenue growth 13.1% Operating income growth 13.8% Majority net income growth 13.8% Earnings per share 1 were Ps. 0.33. (Earnings per unit were Ps. 2.67 and per ADS were Ps. 26.69.) More than half of our customer base are now digital buyers. Completed rollout of Juntos+ v. 4.0 in Mexico and Brazil FIRST SIX MONTHS HIGHLIGHTS Volume growth 7.5% Revenue growth 12.7% Operating income growth 13.0% Majority net income growth 19.9% Earnings per share 1 were Ps. 0.63. (Earnings per unit were Ps. 5.04 and per ADS were Ps. 50.45.) FINANCIAL SUMMARY FOR THE SECOND QUARTER RESULTS Change vs. same period of last year Total Revenues Gross Profit Operating Income Majority Net Income 2Q24 YTD 2024 2Q24 YTD 2024 2Q24 YTD 2024 2Q24 YTD 2024 As Reported Consolidated 13.1% 12.7% 17.2% 15.0% 13.8% 13.0% 13.8% 19.9% Mexico & Central America 15.3% 14.0% 17.8% 15.3% 12.0% 12.6% South America 9.2% 10.5% 16.0% 14.5% 19.6% 13.9% Comparable (2) Consolidated 17.9% 18.0% 22.0% 20.4% 17.5% 18.1% Mexico & Central America 15.6% 14.9% 18.1% 16.1% 12.3% 13.5% South America 22.3% 23.3% 31.4% 29.7% 36.3% 30.7% Ian Craig, Coca-Cola FEMSA’s CEO, commented: "As we close a positive first half of the year, I am encouraged by the progress we are making in implementing a long-term sustainable growth model. For the second quarter, we delivered solid volume growth in Mexico, Central America, and Brazil, achieving double-digit consolidated revenue and operating income growth. We also continued progressing towards becoming our customers’ preferred commercial platform, completing the rollout of Juntos+ version 4.0 in Mexico and Brazil, while beginning its implementation in Guatemala, Panama, and Colombia. This version features advanced analytics and a more user-friendly interface. Now more than half of our total customer base are digital buyers. Last May, our resilience and ability to respond to challenges was put to the test by the severe flooding that impacted the south of Brazil. I want to take a moment to express our heartfelt support to all of the people affected by this flooding and to recognize the leadership and swift actions taken by our team to ensure the wellbeing of our Brazilian collaborators as well as their families and to provide effective community support while also mitigating operational disruptions. Looking ahead, our priorities for the year remain clear: continue building on the growth momentum of our core business, take Juntos+ to the next level, continue developing our customer-centric culture, and implementing initiatives to foster a sustainable future.” (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 2Q24 Results July 19, 2024

View Full Filing

View this 6-K filing on SEC EDGAR