Arca Continental, S.A.B. de C.V. (EMBVF)
- Reuters
UPDATE 1-Bottler Arca Continental's first-quarter profit ticks up, dragged down by peso
Mexican bottler Arca Continental on Thursday posted a first-quarter core profit that ticked up 1.2%, above forecasts but dragged down by the appreciation of the Mexican peso. Arca, which sells bottled water, soft drinks and snacks across the Americas, reported earnings before interest, taxes, depreciation and amortization (EBITDA) of 9.66 billion pesos ($584.54 million), compared with 9.06 billion pesos forecast by analysts polled by LSEG. This brought its net profit up just 0.8% to 3.76 billion pesos from revenues that inched up 0.1% to 50.74 billion pesos compared with the year-ago period.
- Reuters
Mexican bottler Arca boosts investments to $1 billion in 2024
Mexican bottler Arca Continental said on Thursday that it plans to hike its investments by 32% year-over-year to 17 billion pesos ($1.02 billion), looking to solidify its operations across markets. Arca, Latin America's second-largest Coca-Cola bottler, will spend just over half of those funds in Mexico, its largest market.
- Reuters
Mexican drinks seller Arca profits rise on 'surprise' sales volumes
Mexican bottler Arca Continental said on Thursday its third-quarter net profit rose 7% as it sold more water and soft drinks than expected in its home market and widened its U.S. profit margin. The net profit of 4.54 billion Mexican pesos ($260 million) was slightly below the 4.62 billion pesos analysts polled by LSEG had estimated, but Arca's higher core margins exceeded J.P. Morgan's expectations. "The highlight of this quarter is once again the strong performance of the U.S. operations," J.P. Morgan analysts said in a note.
