Financial Reporting - Coca-Cola FEMSA filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission[5] Consumer Reach - The company serves over 276 million consumers and sells approximately 4.2 billion-unit cases annually through more than 2.2 million points of sale[6] Operations and Infrastructure - Coca-Cola FEMSA operates 56 manufacturing plants and 256 distribution centers across various countries including Mexico, Brazil, and Argentina[6] Sustainability Commitment - The company is committed to generating economic, social, and environmental value for stakeholders across the value chain[6] - Coca-Cola FEMSA is a member of several sustainability indices, including the Dow Jones Sustainability MILA Pacific Alliance Index and the FTSE4Good Emerging Index[6]

Financial Risks - As of December 31, 2024, approximately 28.6% of the company's total debt was variable rate funding, which could increase costs if interest rates rise[1] - Argentina's cumulative inflation over the past three years exceeded 100.0%, categorizing it as a hyperinflationary economy, which may adversely affect the company's financial position[2] - Depreciation of local currencies relative to the U.S. dollar increases costs for raw materials and debt obligations, negatively impacting financial results[3] - Significant fluctuations in local currencies may continue to affect the company's results and financial condition[4] Political and Social Risks - Political and social events, including upcoming elections in 2024 and 2025 in several countries, may introduce risks associated with changes in government and public policies[5] - Recent constitutional reforms in Mexico could create operational risks and affect the company's ability to conduct business[6] - The new U.S. administration's policies may lead to economic slowdown and increased operational costs, impacting demand for the company's products[7] Market and Economic Influences - The market value of the company's securities may be influenced by economic conditions in other countries, including the ongoing military conflict involving Russia and Ukraine[8] Equity and Capital Concerns - Holders of units and ADSs in the U.S. may face dilution of equity interests due to restrictions on preemptive rights in capital offerings[9] - The company may not file a registration statement with the SEC, limiting U.S. holders' ability to participate in future capital increases[10]

Group 1 - The stock of Coca-Cola FEMSA, S.A.B. de C.V. (KOF) is experiencing significant attention due to high implied volatility in the options market, particularly the Aug 16, 2024 $80.00 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in Coca-Cola FEMSA's stock price, potentially due to an upcoming event [2] - Currently, Coca-Cola FEMSA holds a Zacks Rank 3 (Hold) in the Beverages - Soft drinks industry, which is in the top 24% of the Zacks Industry Rank, with no analysts increasing earnings estimates for the current quarter and one analyst revising estimates downward [3] Group 2 - The high implied volatility surrounding Coca-Cola FEMSA could indicate a developing trading opportunity, as options traders often seek to sell premium on options with high implied volatility to capture decay [4]

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...

Financial Reporting and Compliance - The consolidated financial statements are prepared in accordance with IFRS, with financial information presented in Mexican pesos[28]. - Argentina's cumulative inflation exceeded 100.0% over the three years prior to December 31, 2023, necessitating adjustments for inflationary effects in financial reporting[30]. - The company is subject to a 10.0% Mexican withholding tax on dividends paid to both Mexican and non-Mexican residents[38]. - The company faces risks related to compliance with evolving privacy and data protection laws, which could result in significant operational and financial repercussions[60][62]. - The company maintains a Global Integrity Compliance Program to address compliance risks, but unexpected breaches could harm its reputation and financial standing[77]. - The company has faced legal proceedings and investigations that could have an adverse effect on its financial condition and results of operations[80]. Dividends and Financial Performance - The company declared dividends of 2.900 Mexican pesos per share for the fiscal year 2022, with payments scheduled for May 3, 2023, and November 3, 2023[34]. - For the fiscal year 2023, the company plans to declare dividends of 1.520 Mexican pesos per share, with payments scheduled for April 16, July 16, October 15, and December 9, 2024[36]. - Total revenues for the year ended December 31, 2023, reached Ps. 245,088 million, with a gross profit of Ps. 110,860 million[106]. - Approximately 77.4% of the company's total revenues for the year ended December 31, 2023, were attributable to operations in Mexico and Brazil[82]. - The gross profit margin for Mexico and Central America was 64.6%, compared to 35.4% for South America[106]. Market Competition and Consumer Trends - The company faces significant competition in the beverage industry, including from Pepsi and local beverage brands, impacting pricing and market share[50]. - Changes in consumer preferences and regulatory actions may reduce demand for certain products, particularly those sweetened with sugar or sold in plastic bottles[48]. - The company competes mainly in terms of price, packaging, promotional activities, and product innovation across its territories[174]. Operational Risks and Environmental Concerns - Economic, political, and health crises, such as pandemics, may adversely affect the company's business and financial results[52]. - The company anticipates increased regulatory requirements regarding environmental, social, and governance (ESG) matters, which may lead to significant additional compliance costs[56]. - The company aims to reduce its carbon footprint by increasing the use of recycled packaging materials and participating in sustainability initiatives[57]. - The company relies heavily on water for production, and climate change may exacerbate water scarcity, affecting future production needs[65][66]. - All bottling plants in Mexico meet wastewater discharge standards set by local and federal authorities, with penalties for non-compliance[219]. - In Brazil, water exploitation is regulated by various laws, and companies must obtain necessary permits to use spring water in bottling plants[222]. Financial Strategies and Growth Initiatives - The company aims to grow its core business by capturing growth opportunities for the Coca-Cola portfolio and accelerating the growth of Coca-Cola Zero Sugar[138]. - Strategic M&A is a priority, with a focus on value-enhancing acquisitions and a disciplined approach[139]. - The company plans to increase manufacturing and distribution capacity while implementing best-in-class logistics and distribution enablers[139]. - The company has strengthened its relationship with The Coca-Cola Company, updating growth principles and digital strategy[137]. - The refreshed vision for 2023 emphasizes customer commitment and sustainable development[136]. Sales and Distribution - The company serves approximately 272 million consumers daily and operates 56 bottling plants and 251 distribution centers[102]. - The company markets and sells around 4.0 million unit cases per year through over 2.1 million points of sale[102]. - The company operates 173 distribution centers in Mexico and Central America and 79 in South America, serving over 1 million retailers[161]. - The company utilizes a variety of sales and distribution models, including pre-sale systems and digital platforms, to enhance efficiency[164]. Commodity Prices and Taxation - Increases in raw material prices, particularly for concentrate and packaging materials, could adversely affect the company's cost of goods sold and overall financial performance[67][70]. - Geopolitical conflicts and economic sanctions have led to volatile commodity markets, which may continue to impact raw material costs[71]. - The average price for PET resin in U.S. dollars increased by 32.5% in 2023 compared to 2022 across all territories[181]. - Sugar prices in Mexico increased approximately 42.1% in local currency as compared to 2022[188]. - The average taxation in Brazil for value-added tax over net sales in 2023 was approximately 16.3%[197]. Regulatory Changes and Tax Implications - The company is subject to various taxes that may increase due to new laws or modifications to existing tax regulations, adversely affecting financial results[78]. - Mexico's excise tax on beverages with added sugar and HFCS was Ps.1.5086 per liter for 2023, increasing to Ps.1.5737 per liter in 2024[198]. - Argentina imposes a value-added tax of 21.0% on sparkling beverages[197]. - Brazil's average production excise tax was approximately 2.6% and average sales tax was approximately 12.0% over net sales[198]. - The introduction of a new tax on single-use plastics in Colombia is set at 0.00005 on a Tax Value Unit per gram of plastic, with exemptions available for recycled materials[212].

Financial Data and Key Metrics Changes - The company reported a solid quarter with double-digit growth in volume, revenue, operating income, and earnings per share [12][23] - Adjusted EBITDA for the quarter increased by 11.3% to MXN 11.8 billion [23] - Controlling net income increased by 23% to reach MXN 5.4 billion, resulting in earnings per share of MXN 0.32 [43] Business Line Data and Key Metrics Changes - Volume growth accelerated to 11.6% year-on-year, surpassing 1 billion unit cases, driven by strong performance in Mexico, Brazil, Guatemala, Colombia, and Central America [33][34] - In Mexico, organic volumes increased by 9.8%, marking the strongest growth in over 10 years [34] - Operating income growth for the division accelerated to 15.3%, with a 70 basis point margin expansion [23][41] Market Data and Key Metrics Changes - In Costa Rica, brand Coca-Cola grew by 11%, and over 30% of traditional trade sales are now conducted digitally [13][51] - Colombia saw a notable uptick in volumes, with improvements in the first half of the year leading to solid performance in the third quarter [18][38] - Argentina experienced a worsening consumer environment, with volume growth decelerating to 2.6% due to currency depreciation and inflation [24] Company Strategy and Development Direction - The company aims for sustainable growth, planning to increase production capacity by 15% and warehouse capacity by 30% over the next three years [25][84] - The focus is on organic growth while also pursuing inorganic growth opportunities to consolidate the system [8][66] - The company is enhancing its digital platform, Juntos+, which now serves over 480,000 monthly active buyers in Mexico [51][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the team's ability to execute the strategy and deliver sustainable long-term value growth [39] - The company is optimistic about the strategic focus that has enabled positive momentum, despite challenges in certain markets like Argentina [68][24] - Management noted that they are seeing improvements in customer sentiment and operational efficiency across various territories [35][54] Other Important Information - The company achieved a gross profit increase of 13.6%, leading to a gross margin expansion of 140 basis points [50] - The digital B2B platform's penetration in traditional trade volumes is at 66%, with significant opportunities for further enhancement [51][99] - The company is focused on improving working capital dynamics, which has released cash for operations [80][82] Q&A Session Summary Question: What are the growth drivers for future volumes and pricing? - Management expects to focus on sustainable growth through balanced revenue management strategies, targeting opportunities for mix improvements while addressing inflation [60][81] Question: How is the company addressing working capital improvements? - The company has seen improvements in inventory management compared to last year, which has contributed to better cash flow [64][82] Question: What is the outlook for sugar prices and their impact on margins? - Management anticipates significant pressure on sugar prices in 2024, while other raw materials are expected to remain stable [102][112] Question: How is the company gaining market share in Mexico? - The company has reversed a five-year trend of losing market share, implementing strategies that focus on customer service and operational efficiency [71][124] Question: What are the updates on digitalization and its impact on sales? - The company believes there is still significant upside from digitalization, with the recent launch of the 4.0 version of the Juntos+ app expected to enhance sales further [99][114]

UNITED STATES 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 April 2023 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 ...

UNITED STATES 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 April 2023 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 ...

As filed with the Securities and Exchange Commission on April 14, 2023. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Commission file number 1-12260 Coca-Cola FEMSA, S.A.B. de C.V. (Exact name of registrant as specified in its charter) Not Applicable (Translation of registrant's name into English) United Mexican States (Jurisdiction of incorporation or o ...

Third Quarter and First Nine Months 2022 Results Investor Relations Jorge Collazo | jorge.collazo@kof.com.mx Lorena Martin | lorena.martinl@kof.com.mx Marene Aranzabal | marene.aranzabal@kof.com.mx José Enrique Solís | tmxjose.solis@kof.com.mx v gasificad Mexico City, October 24, 2022, 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 and the first ...