COCSFNYSEBottled & Canned Soft Drinks & Carbonated WatersUS GAAP · USD

Coca Cola Femsa S.A.B. de C.V

Coca-Cola FEMSA is a Mexico-based beverage bottler that produces, markets, and distributes trademark Coca-Cola beverages under franchise agreements with The Coca-Cola Company. Its business spans carbonated soft drinks, water, juices, teas, isotonic drinks, and other non-alcoholic beverages across Mexico and multiple markets in Latin America.

Nettotulos25,0mrd USD
+1,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

050100150200250mrd USD20202021: 189,4 mrd USD20212022: 220,3 mrd USD20222023: 236,6 mrd USD202320242025
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Coca Cola Femsa S.A.B. de C.V

Liiketoiminta

Osuus liikevaihdosta
Sparkling beverages50 %

Carbonated soft drinks sold under Coca-Cola franchise brands.

Still beverages30 %

Non-carbonated drinks including water, juices, teas, and flavored beverages.

Bulk and fountain15 %

Larger-format beverage sales for foodservice and other channels.

Other beverage-related services5 %

Ancillary beverage activities and distribution-related services.

Asiakkaat

The company sells to a broad base of consumers through retail, convenience, foodservice, and traditional trade channels. Its customer base is ultimately consumer-driven, but buying decisions are influenced by the channel partners that stock, sell, and distribute the beverages. Large points of sale, neighborhood stores, restaurants, and modern trade retailers are central to its route-to-market model.

Retail consumers

Households buying packaged beverages for everyday consumption and occasions.

Traditional trade and convenience stores

Small-format outlets that sell high-volume single-serve drinks and drive frequency.

Modern trade retailers

Supermarkets and chains that buy branded beverage portfolios for shelf space and promotions.

Foodservice and on-premise channels

Restaurants, cafes, and similar venues buying fountain, bottled, and ready-to-drink beverages.

Wholesale and distribution partners

Channel intermediaries that move products into dispersed local markets.

Strategia

The company’s strategy centers on scaling its franchise beverage portfolio through broad distribution, manufacturing capacity, and execution at the point of sale. It also emphasizes revenue management, portfolio breadth, and local market coverage to support demand across different channels and countries. Maintaining route density and operating efficiency is important because its competitive position depends on availability, brand execution, and distribution reach.

Portfolio expansionKeskipitkä aikaväli

Broader beverage offerings help capture more consumption occasions and reduce reliance on one drink type.

Distribution reachLyhyt aikaväli

A dense outlet network improves shelf presence, service levels, and consumer availability.

Capacity and logisticsKeskipitkä aikaväli

Plants and distribution centers are essential to keep products available across large territories.

Revenue managementLyhyt aikaväli

Pricing and mix actions help offset input and currency pressures in a franchise bottling model.

Maantiede

Coca-Cola FEMSA operates in Mexico, Brazil, Guatemala, Colombia, Argentina, and nationwide in Costa Rica, Nicaragua, Panama, and Uruguay, with an additional presence in Venezuela through an investment. The footprint spans large urban markets and dense retail networks, so distribution infrastructure is a core part of the business model. Geography matters because local currency translation, consumer demand, and route-to-market intensity differ across its countries.

Riskit

The business is exposed to consumer demand shifts, input cost inflation, and foreign exchange translation because it operates a broad Latin American footprint and reports in Mexican pesos. It also depends on franchise relationships, local execution, and heavy logistics infrastructure, which make supply-chain disruptions or execution failures meaningful. Macro volatility in countries such as Argentina and Venezuela, together with local regulation and currency controls, can affect reported results and operating flexibility.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Foreign exchange translation1Commodity and packaging inflation2Country macro and regulatory risk3Distribution and execution complexity4Consumer demand volatility5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Foreign exchange translationVaikutus: KorkeaTodennäköisyys: Korkea

    The company operates in several currencies but reports in Mexican pesos, so local currency swings affect consolidated results.

    KohdistuuMexicoBrazilColombiaCentral AmericaArgentina
  2. Commodity and packaging inflationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Bottling requires inputs such as sweeteners, resin, glass, aluminum, and energy.

    Kohdistuu: Beverage manufacturing and distribution

  3. Country macro and regulatory riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Operations span markets with different inflation, policy, and currency environments.

    KohdistuuArgentinaVenezuelaOther Latin American markets
  4. Distribution and execution complexityVaikutus: KeskitasoTodennäköisyys: Korkea

    The model relies on thousands of points of sale and a large logistics footprint.

    Kohdistuu: 55 plants and 256 distribution centers

  5. Consumer demand volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Volume depends on household and channel demand for branded beverages across multiple countries.

    Kohdistuu: Sparkling and still beverage volumes

Kirjanpito

Harkinnanvaraiset erät
IFRS revenue and currency translation

Sales are generated in multiple currencies but reported in Mexican pesos, so translation can distort underlying growth.

Vaikutus: Reported revenue and operating performance

Lease accounting

Plants, warehouses, and distribution assets may involve significant lease obligations under IFRS 16.

Vaikutus: EBITDA, depreciation, and leverage metrics

Inventory and input cost valuation

Packaging and raw materials can affect cost of sales and inventory balances.

Vaikutus: Gross margin and working capital

Provisions and contingencies

Country-specific legal, tax, and regulatory exposures may require judgmental accruals.

Vaikutus: Operating expenses and liabilities

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Coca Cola Femsa S.A.B. de C.V (NYSE) – Bottled & Canned Soft Drinks & Carbonate | Analyysi – Clarifo