Coca-Cola FEMSA S.A.B de C.V. (KOF) Q3 2014 Results - Earnings Call Transcript

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Coca-Cola FEMSA S.A.B de C.V. (NYSE:KOF) Q3 2014 Earnings Call October 22, 2014 11:00 AM ET


Héctor Treviño Gutiérrez - Chief Financial Officer and Chief Administrative Officer


Antonio Gonzalez - Crédit Suisse AG, Research Division

Pedro Leduc - JP Morgan Chase & Co, Research Division

Luca Cipiccia - Goldman Sachs Group Inc., Research Division

Lore Serra - Morgan Stanley, Research Division

James C. Watson - HSBC, Research Division

Alexander Robarts - Citigroup Inc, Research Division

Fernando Ferreira - BofA Merrill Lynch, Research Division

Berenice Muñoz - Barclays Capital, Research Division

José J. Yordán - Deutsche Bank AG, Research Division


Good morning, everyone, and welcome to Coca-Cola FEMSA's Third Quarter 2014 Conference Call. As a reminder, today's conference is being recorded. [Operator Instructions] During this conference call, management may discuss certain forward-looking statements concerning Coca-Cola FEMSA's future performance and should be considered as good-faith estimates made by the company. These forward-looking statements reflect management's expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which can materially impact the company's actual performance.

At this time, I will now turn the conference over to Mr. Héctor Treviño, Coca-Cola FEMSA's Chief Financial Officer. Please, go ahead, Mr. Treviño.

Héctor Treviño Gutiérrez

Good morning. Thank you for joining us this morning to discuss our third quarter results. In the quarter, despite the continued soft consumer environment, we delivered our 11% revenue growth based on the resilience of our portfolio in Mexico and Argentina, ongoing growth in Columbia and Central America and revenue management initiatives across our territories. Excluding the recently integrated territories in Brazil, total revenues grew 3%.

Our wide array of turnover participations, our ability to offer packages as attractive and affordable prices points for our consumers and the experience of brand Coca-Cola continued

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