Mexico's FEMSA , which controls one of the largest Coca-Cola bottlers and a string of convenience store chains, posted an 11% increase in revenue in the first quarter, boosted by growth across nearly all its business sectors. Revenue came in at 178.20 billion pesos ($10.78 billion) in the three-month period, largely in line with expectations, as sales from chain store Oxxo, bottler Coca-Cola Femsa and Femsa's fuel division posted double-digit growth. Sales only fell at Femsa's pharmacy division, down 2.3%, where it closed nearly three-dozen stores and faced challenges across Latin America.
Earnings preview of key companies reporting next week and what to look out for.
Evaluate the expected performance of Coke (KO) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.