The Coca-Cola Company (KO)
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- Insider Monkey
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- Reuters
Mexico's FEMSA revenues climb 11% on Oxxo, Coca-Cola growth
MEXICO CITY (Reuters) -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.
- Reuters
UPDATE 2-Mexico's FEMSA revenues climb 11% on Oxxo, Coca-Cola growth
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.
