EarningsQ2 2026 Earnings Report
MX:AC Q2 2026 EPS Results
Actual EPS$2.92
Consensus EPS$3.30
Beat/MissMissed by -$0.38
One Year Ago EPS$3.22
MX:AC Q2 2026 Revenue Results
Actual Revenue$63.49B
Expected Revenue$63.26B
Beat/MissBeat by +$225.05M
YoY Revenue Growth+0.10%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
MX:AC Upcoming Earnings
Arca Continental SAB de C V's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AC Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The quarter demonstrates resilience: management preserved margins, delivered modest consolidated volume growth and strong execution in key markets (notably Peru, Ecuador and the U.S. innovation pipeline), maintained a conservative balance sheet and returned cash to shareholders. Offsetting this are a near-term profit contraction at the net income level, flat reported revenues (impacted by FX), Mexico volume softness and elevated H1 operating expenses tied to investments and World Cup activities. On a currency-neutral basis results were stronger, and management reiterated full-year guidance while outlining cost-savings and hedging measures to mitigate commodity and macro volatility.Company Guidance
Consolidated volume growth
Total consolidated volume increased 0.6% in Q2 and 1.7% year-to-date, with Stills categories up 2.4% in the quarter (building on a 2.1% improvement in the prior year period).
Stable consolidated revenue and currency-neutral growth
Reported consolidated revenues were broadly in line with last year (MXN 63.5 billion in Q2; MXN 120.6 billion YTD). On a currency-neutral basis, revenue rose 5.0% in the quarter and 6.8% year-to-date.
Gross profit and margin expansion
Gross profit increased 2.1% in the quarter to MXN 30.3 billion with gross margin expanding 90 basis points to 47.8%. For the first half, gross profit grew 1.7% to MXN 57.1 billion with gross margin up 80 basis points to 47.4%.
EBITDA resilience and margin protection
Consolidated EBITDA was broadly stable, decreasing only 0.2% to MXN 13.1 billion in Q2 and MXN 23.8 billion YTD, with EBITDA margins of 20.7% (Q2) and 19.7% (YTD). On a currency-neutral basis, EBITDA grew 3.8% in the quarter and 5.4% YTD.
Strong performances in Peru and Ecuador
South America volume rose 11.0% in Q2 (7.1% YTD). Peru delivered exceptional growth with total volume up 17.6% in Q2 (sparkling +16.6%, water +25.2%). Ecuador posted Q2 volume +12.1% (Coca‑Cola Zero +29.4% Q2). These results were above initial expectations.
U.S. revenue and product innovation momentum
Coca‑Cola Southwest Beverages increased net revenues 2.3% in Q2 and 5.0% YTD; average price per case rose 4.5%. Zero-calorie portfolio grew 8.9% (Coke Zero +10.4%, Diet Coke +5.1%). The business introduced over 50 new SKUs, including BodyArmor FIT.
Mexico pricing and profitability progress
Mexico net sales rose 1.5% in Q2 and 4.1% YTD. Average price per case (ex jug water) increased 4.5% in the quarter and 5.0% YTD. Mexico EBITDA grew 0.8% in Q2 with stable margin at 24.5%; YTD EBITDA improved 3.3% with a 22.8% margin. Coca‑Cola Zero grew 23.6% YoY, gaining share.
Balance sheet strength and shareholder returns
Cash and equivalents totaled MXN 28.5 billion and total debt MXN 61.9 billion, yielding net debt-to-EBITDA of 0.7x. Company declared an extraordinary dividend of MXN 2.50/share (paid Aug 5) in addition to the MXN 4.28 ordinary dividend paid in April for total distribution of MXN 6.78/share.
Sustainability and circularity recognition
Arca Continental was included in the FTSE4Good Index Series with an improved ESG score (top 5% in the food & beverage sector) and implemented a Coca‑Cola World Cup circularity model recovering and recycling most beverage containers sold at event activations.
Productivity and efficiency initiatives
Company expects ~MXN 630 million of savings in 2026 from productivity programs (B2B-enabled models, expanded photo-recognition execution monitoring from 15,000 to 50,000 customers, lightweighting, route/network optimization). Multiyear U.S. infrastructure investment will yield larger benefits in 2027.
MX:AC Earnings History
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