Overview

• The Coca-Cola Company reported adjusted Q2 earnings of $0.87 per share and $12.62 billion in revenues, beating FactSet and Wall Street forecasts and lifting its full-year profit outlook to the top of its prior range.
• It achieved a 6% consolidated price and mix gain despite a 1% decline in unit case volumes and now expects full-year EPS growth at the upper end of its guidance.
• Coca-Cola Femsa recorded Q2 revenues of 72.9 billion pesos, up 5% year-on-year on pricing strategies and favorable currency translation, even as total volumes fell 5.5% across Mexico, Brazil, Colombia and Panama.
• The bottler confirmed it will not acquire new territories through The Coca-Cola Company’s refranchising process because available zones lie outside the Americas.
• To offset pressure from falling remittances, weak consumer spending and severe weather, Femsa is rolling out larger pack sizes, returnable bottles and targeted promotions to support demand.