The 10-second takeaway
For the quarter ended June 30 (Q2), Coca-Cola FEMSA met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share grew. GAAP earnings per share increased.
Margins increased across the board.
Coca-Cola FEMSA reported revenue of $2.87 billion. The four analysts polled by S&P Capital IQ expected sales of $2.88 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $1.08. The two earnings estimates compiled by S&P Capital IQ predicted $1.18 per share. Non-GAAP EPS of $1.08 for Q2 were 10% higher than the prior-year quarter's $0.98 per share. GAAP EPS of $1.05 for Q2 were 5.0% higher than the prior-year quarter's $1.00 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 47.4%, 140 basis points better than the prior-year quarter. Operating margin was 13.7%, 200 basis points better than the prior-year quarter. Net margin was 7.7%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.97 billion. On the bottom line, the average EPS estimate is $1.41.
Next year's average estimate for revenue is $12.19 billion. The average EPS estimate is $5.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 374 members out of 387 rating the stock outperform, and 13 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Coca-Cola FEMSA a green thumbs-up, and four 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 $159.13.
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