Coca-Cola FEMSA obtained revenues of 70 billion 925 million pesos (mdp) in the first quarter of 2026 (1Q26), a growth of 1.1% compared to the same period in 2025.
“Our first-quarter results reflected the resilience of our business and the advantages offered by geographic diversification. Consolidated volume growth was driven by most of our operations, including strong performance in Argentina, Brazil, Colombia, and Guatemala, which helped offset a volume decline in Mexico,” said Ian Craig, CEO of Coca-Cola FEMSA.
According to the report, gross profit was MXN 33.255 billion in Q1 2026 , representing a 4.5% increase compared to Q1 2025, and the gross margin expanded 150 basis points to 46.9% , driven by lower sweetener and PET costs, as well as the appreciation of operating currencies. However, the result was limited by higher fixed labor costs and other expenses.
Consolidated operating profit decreased by 2.3% to 9,032 million pesos during Q1 2026. Meanwhile, net profit attributable to majority shareholders closed at 4,342 million pesos, representing a year-on-year reduction of 15.5 percent.
In the Mexico and Central America region (Mexico, Guatemala, Costa Rica, Panama, and Nicaragua), Coca-Cola FEMSA reported a 1.4% drop in revenue, totaling 39,117 million pesos during Q1 2026 compared to 39,669 million pesos in Q1 2025. Gross profit was 19,020 million pesos, a year-on-year increase of 0.7 percent.
Conversely, operating profit fell 17.4% to 4,461 million pesos in the cycle, mainly affected by weak consumption and the Special Tax on Production and Services (IEPS).
In the South America division (Brazil, Argentina, Colombia and Uruguay) the company recorded 31,809 million pesos in revenue in Q1 2026, an increase of 4.3% compared to the same period in 2025. Gross profit grew 10% and operating profit rose 18.8% year-on-year.
For the remainder of the year, Coca-Cola FEMSA seeks to strengthen its position through revenue management initiatives and sustainable volume growth.
The strategy includes leveraging the 2026 FIFA World Cup platform in its operating markets to boost sales. The operational focus will be on capturing efficiencies and savings to protect long-term profitability.
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