Arca Continental SAB de C V (EMBVF) Q3 2026 Earnings Report
EMBVF Q3 2026 EPS Results
- Actual EPS
- ―
- Consensus EPS
- $0.17
- Beat/Miss
- ―
- One Year Ago EPS
- $0.17
EMBVF Q3 2026 Revenue Results
- Actual Revenue
- ―
- Expected Revenue
- $3.47B
- Beat/Miss
- ―
- YoY Revenue Growth
- ―
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/22/2026
- Time
- TBA
- Conference Call
- Thursday, October 22, 2026
EMBVF Upcoming Earnings
Arca Continental SAB de C V's next earnings date is estimated for February 16, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Q3 2026
Earnings Call Date:Oct 22, 2026|% Change Since:3.65%|
Earnings Call Sentiment|Positive
The call was predominantly positive. The company reported broad-based volume acceleration, revenue and EBITDA growth, margin expansion in Mexico and South America, strong performances in Peru and Ecuador, improved U.S. execution, a solid balance sheet, continued innovation and investment, and confirmed 2026 sales guidance. These strengths outweighed the net income decline, financing-related foreign exchange loss, input-cost pressures, higher operating expenses, and challenges in Argentina and the U.S. snack business.
Company Guidance
Arca Continental confirmed its 2026 guidance for mid-single-digit consolidated sales growth on a currency-neutral basis; Coca-Cola Southwest expects to close the year at the same levels of last year, Mexico expects the year to close with the same trend as the first nine months, and the company expects to continue to have prices above inflation. OpEx to sales is expected to be around 32% this year and next year, while CapEx to sales is planned at 6%-7% this year and is expected to lower to 5%-6% in a couple of years. Innovation could contribute 1/4, 1/3 of growth in Latin America in the next few years; Wild West benefits are expected in the second half of next year and fully embedded in the P&L for 2028; and the company does not see any additional payment for this year.
- Consolidated Volume and Revenue AccelerationThird-quarter consolidated volume increased 4.6%, compared with 2.7% year-to-date, while net sales rose 5.9% in the quarter and 2.1% year-to-date. Stills grew 7.1% and Sparkling increased 4.9%, supported by commercial execution and disciplined pricing.
- EBITDA Growth and Margin StrengthThird-quarter EBITDA increased 6.2% to MXN 13.6 billion, with margin expanding 10 basis points to 20.5%. Nine-month EBITDA increased 2.1% to MXN 37.4 billion, with a 20% margin. On a currency-neutral basis, EBITDA rose 7.9% in the quarter and 6.3% through September.
- Gross Profit and Gross Margin ExpansionThird-quarter gross profit increased 7.2% to MXN 31.7 billion, while gross margin expanded 60 basis points to 47.5%. For the first nine months, gross profit grew 3.6% to MXN 88.8 billion and gross margin expanded 60 basis points to 47.4%. On a currency-neutral basis, gross profit grew 10.6% in the quarter and 8.5% year-to-date.
- Mexico Beverage Volume RecoveryMexico beverage unit case volume, excluding jug water, increased 2.1% in the third quarter and 0.7% year-to-date, marking a sequential improvement. Modern trade led channel performance, traditional trade also grew, and on-premise remained broadly stable.
- Mexico Margin Expansion and Revenue ManagementMexico EBITDA increased 7.5% in the quarter, with margin expanding 80 basis points to 24.7%. The improvement reflected positive volume growth, a 3.5% year-over-year price increase, returnable and single-serve mix gains, hedging strategies, and lower sugar prices. Year-to-date EBITDA increased 4.9% and margin reached 23.5%, up 20 basis points.
- Coca-Cola Zero Growth in MexicoCoca-Cola Zero grew 32% in Mexico during the quarter and gained share within the Coca-Cola brand mix. Management said the initiatives are broadening the consumer base, increasing frequency, and converting higher engagement into incremental volume.
- Mexico Execution, Availability, and InnovationThe company is strengthening its route-to-market strategy through improved service models and digitalization at the point of sale. Product availability investments helped keep out-of-stock levels at historical lows. Topo Chico Aguas and Coca-Cola Zero Caffeine Free were launched to expand consumption occasions and reinforce brand relevance.
- U.S. Beverage Volume and Transaction GrowthCoca-Cola Southwest Beverages increased total volume 1.1% and transactions 1.5% in the third quarter. Year-to-date volume increased 1% and transactions rose 1.8%, reflecting improved commercial trends despite a cautious consumer environment.
- U.S. Portfolio Growth and ProfitabilityIn the U.S., Sparkling beverages increased 2%, Stills grew 5.9%, Coca-Cola Zero rose 15%, Sports Drink increased 10.9%, and Fairlife grew 20.6%. Net sales increased 5.4% in the quarter and 5.1% year-to-date, while EBITDA grew 4.6% in the quarter and 5.1% year-to-date, with margins of 17% and 17.1%, respectively.
- U.S. Market Share and Execution GainsThe company increased SOVI by more than four points across large stores, reached a record-high sparkling market share, grew regular Coca-Cola and Coca-Cola Zero, and reported record-high fill-rate numbers with customers and within its supply chain.
- San Antonio and Wild West ExpansionThe San Antonio facility expansion increased capacity, enhanced operational flexibility, and supported a more streamlined supply chain. The broader Wild West project includes the San Antonio and Dallas-Fort Worth facilities and a new warehouse in Oklahoma; benefits are expected in the second half of next year and to be fully embedded in the P&L for 2028.
- South America Volume and Financial GrowthSouth America total volume increased 17.5% in the quarter and 10.5% year-to-date, led by Peru and Ecuador, while Argentina delivered a sequential recovery. Regional revenue increased 30.1% and EBITDA rose 23.3% in the quarter, with a 17.1% margin. Year-to-date revenue grew 8.2% and EBITDA increased 3.7%, with a 17.7% margin.
- Record Performance in PeruPeru reached its highest quarterly volume in the history of the operation, with total volume increasing 24.3% year-over-year. Coca-Cola grew 23.8%, Inca Kola increased 18.4%, the hydration platform expanded 37.7%, and Energy Drinks grew 33.4%. All channels delivered double-digit growth.
- Ecuador Growth and Market LeadershipEcuador volume increased 18.1% in the quarter and 11.9% year-to-date, reaching its highest level in six years. Sparkling grew 18.8% and Stills increased 19.6%, with both modern and traditional trade delivering double-digit growth. Inalecsa maintained market leadership, gained share, and delivered double-digit EBITDA growth.
- Food and Snacks Progress in Mexico and EcuadorBokados reported third-quarter net sales and EBITDA growth in Mexico, driven by core category strength, lower variable costs, disciplined expense control, and broader brand coverage. In Ecuador, Inalecsa gained share while delivering double-digit EBITDA growth through effective pricing, expanded customer reach, and solid commercial execution.
- Innovation as a Future Growth SourceManagement expects innovation to become an important future growth source across North America and Latin America, estimating that approximately 1/4 to 1/3 of growth in Latin America over the next few years could come from innovation. The pipeline includes brand extensions, seasonal launches, and functional innovation.
- Hedging and Cost Mitigation ActionsMexico and U.S. LME aluminum exposure is fully covered and 90% covered above 2025 levels, while 50% of U.S. Midwest Premium requirements are hedged. The company has supplier contracts for PET, secured 90% of Peru's sugar needs below 2025 levels, hedged around 90% of fructose needs broadly in line with last year, and hedged 100% of U.S. diesel needs for 2026 and 2027.
- Strong Balance Sheet and Shareholder DistributionAs of September, cash and equivalents totaled MXN 28.6 billion and total debt was MXN 61.7 billion, resulting in net debt-to-EBITDA of 0.7 times. Total 2026 cash distribution reached MXN 8.78 per share, representing a 77% payout ratio on retained earnings and a 4.3% dividend yield.
- Guidance ConfirmedThe company confirmed its 2026 guidance for mid-single-digit consolidated sales growth on a currency-neutral basis.
- Digital and AI InvestmentsThe company continues investing in digital capabilities, including Digital Nest, outlet-level analytics, digitalization in traditional trade, and responsible AI governance and cybersecurity. It plans to begin exploring agentic AI solutions early next year and expects potential productivity benefits in core processes, although specific business cases have not yet been established.
- Sustainability and Community InitiativesMore than 8,000 associates and family members contributed approximately 25,000 hours to educational infrastructure projects benefiting 170 schools. PetStar also added collection centers in Mexicali and Chihuahua, each able to recover up to 54 million PET bottles annually.
- Capital Allocation PrioritiesThe company plans to close 2026 with CapEx at 6%-7% of sales and expects that ratio to decline to 5%-6% in a couple of years. Management continues to evaluate value-creation opportunities for inorganic growth and said there will be no additional dividend payment for this year.
EMBVF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 16, 2027 | 2026 (Q4) | ―- | 0.15 | ― | ― |
| Oct 22, 2026 | 2026 (Q3) | 0.17- | 0.17 | ― | |
| Jul 23, 2026 | 2026 (Q2) | 0.180.16 | 0.17 | -9.44% (-0.02) | |
| Apr 23, 2026 | 2026 (Q1) | 0.120.12 | 0.13 | -8.48% (-0.01) | |
| Feb 12, 2026 | 2025 (Q4) | 0.170.15 | 0.16 | -11.58% (-0.02) | |
| Oct 23, 2025 | 2025 (Q3) | 0.170.17 | 0.16 | 3.54% (+0.01) | |
| Jul 17, 2025 | 2025 (Q2) | 0.190.17 | 0.17 | 1.26% (+0.00) | |
| Apr 24, 2025 | 2025 (Q1) | 0.140.13 | 0.12 | 10.41% (+0.01) | |
| Feb 12, 2025 | 2024 (Q4) | 0.160.16 | 0.14 | 17.42% (+0.02) | |
| Oct 24, 2024 | 2024 (Q3) | 0.170.16 | 0.14 | 14.39% (+0.02) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
