Coca-Cola FEMSA Files October 2024 6-K Report

TL;DR

KOF filed its October 6-K, standard foreign issuer report.

AI Summary

Coca-Cola FEMSA, S.A.B. de C.V. filed a Form 6-K on October 25, 2024, for the month of October 2024. This report is for a foreign private issuer and is filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. 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 ongoing operations and compliance as a foreign private issuer.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not contain specific financial results or material events.

Key Players & Entities

• COCA-COLA FEMSA, S.A.B. de C.V. (company) — Registrant
• United Mexican States (company) — Jurisdiction of incorporation

FAQ

Filing Documents

• kofpr3q24_6k.htm (6-K) — 443KB
• image_033.jpg (GRAPHIC) — 97KB
• image_034.jpg (GRAPHIC) — 26KB
• image_035.jpg (GRAPHIC) — 19KB
• image_036.jpg (GRAPHIC) — 20KB
• image_037.jpg (GRAPHIC) — 3KB
• image_038.jpg (GRAPHIC) — 19KB
• image_039.jpg (GRAPHIC) — 3KB
• image_040.jpg (GRAPHIC) — 20KB
• image_041.jpg (GRAPHIC) — 6KB
• image_042.jpg (GRAPHIC) — 4KB
• image_043.jpg (GRAPHIC) — 18KB
• image_044.jpg (GRAPHIC) — 18KB
• 0001292814-24-003859.txt ( ) — 792KB

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 October 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, October 25, 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 third quarter of 2024. THIRD QUARTER HIGHLIGHTS Volume growth 0.8% Revenue growth 10.7% Operating income growth 13.9% Majority net income growth 8.9% Earnings per share 1 were Ps. 0.35. (Earnings per unit were Ps. 2.79 and per ADS were Ps. 27.89.) Initiated pilot of a new salesforce automation tool, Juntos+ Advisor, with encouraging results in Brazil FIRST NINE MONTHS HIGHLIGHTS Volume growth 5.1% Revenue growth 12.4% Operating income growth 13.4% Majority net income growth 15.7% Earnings per share 1 were Ps. 0.98. (Earnings per unit were Ps. 7.83 and per ADS were Ps. 78.28.)x FINANCIAL SUMMARY FOR THE THIRD QUARTER RESULTS Change vs. same period of last year Total Revenues Gross Profit Operating Income Majority Net Income 3Q24 YTD 2024 3Q24 YTD 2024 3Q24 YTD 2024 3Q24 YTD 2024 As Reported Consolidated 10.7% 12.4% 11.3% 14.0% 13.9% 13.4% 8.9% 15.7% Mexico & Central America 9.0% 12.3% 10.7% 13.7% 11.3% 12.1% South America 13.6% 12.6% 12.2% 14.7% 20.6% 16.6% Comparable (2) Consolidated 11.3% 15.7% 11.5% 17.2% 13.6% 16.3% Mexico & Central America 6.7% 12.0% 8.4% 13.4% 9.1% 12.0% South America 19.5% 22.0% 17.4% 24.9% 25.7% 28.1% Ian Craig, Coca-Cola FEMSA’s CEO, commented: “Our third-quarter results underscore the resilience of our business and the strategic execution that drives Coca-Cola FEMSA forward. Despite unfavorable weather conditions in Mexico, our consolidated volumes remained resilient, driven mainly by the solid growth achieved in Brazil and Guatemala. At the same time, our team’s focus on growing the core business and driving cost and expense efficiencies enabled our revenues and operating income to grow by double digits. On the B2B front, we continued deploying Juntos+, which now reaches 1.2 million monthly active buyers across Latin America. Additionally, we initiated the pilot of our new salesforce automation tool, Juntos+ Advisor, with encouraging results. Juntos + Advisor leverages advanced AI models, empowering our salesforce to help our clients reach their full potential and significantly improving our customer’s omnichannel experience. Finally, we are progressively adding the necessary production and distribution capacity across key markets to enable future growth and deliver long-term value for all our stakeholders. Moreover, we express our sincere support to all the people impacted by Hurricane John in the state of Guerrero during the quarter. Our team has worked tirelessly in providing support to our employees, their families, and the affected communities. We are also encouraged that the reopening of our plant in Porto Alegre is progressing according to plan; we resumed operations in our distribution center, while bottling operations will gradually begin as of the fourth quarter.” (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 affectin

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View this 6-K filing on SEC EDGAR