Coca Cola Femsa SAB De CV (KOF) has released an update.
Coca-Cola FEMSA, the world’s largest franchise bottler of Coca-Cola products, reports a robust second quarter in 2024 with significant volume and revenue growth of 7.5% and 13.1%, respectively. Operating income and majority net income both increased by 13.8%, with over half of the customer base transitioning to digital platforms following the launch of Juntos+ v. 4.0 in key markets. Amidst operational challenges, such as severe flooding in Brazil, the company has shown resilience and continues to focus on sustainable growth and customer-centric initiatives.
For further insights into KOF stock, check out TipRanks’ Stock Analysis page.
