The 10-second takeaway
For the quarter ended March 31 (Q1), Coca-Cola FEMSA met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share expanded slightly.
Margins dropped across the board.
Coca-Cola FEMSA logged revenue of $2.54 billion. The three analysts polled by S&P Capital IQ wanted to see net sales of $2.53 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $2.18 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.04. The two earnings estimates compiled by S&P Capital IQ predicted $1.11 per share. GAAP EPS of $1.04 for Q1 were 2.0% higher than the prior-year quarter's $1.02 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.3%, 40 basis points worse than the prior-year quarter. Operating margin was 12.7%, 230 basis points worse than the prior-year quarter. Net margin was 7.9%, 70 basis points worse than the prior-year quarter.
Next year's average estimate for revenue is $11.49 billion. The average EPS estimate is $5.34.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 385 members out of 394 rating the stock outperform, and nine members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give Coca-Cola FEMSA a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coca-Cola FEMSA is hold, with an average price target of $104.69.
Can your retirement portfolio provide you with enough income to last? You'll need more than Coca-Cola FEMSA. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Coca-Cola FEMSA to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.