<div id="readability-page-1"><div><ul> <li>Coca-Cola FEMSA reported third quarter 2025 earnings with sales of MXN 71,883.72 million and net income of MXN 5,897.68 million, reflecting modest year-on-year increases despite ongoing market headwinds in Mexico.</li> <li>Management has forecasted potential low to mid-single digit volume declines in Mexico for 2026 linked to an upcoming excise tax hike, highlighting efforts to offset these pressures through cost controls, productivity, and revenue management strategies.</li> <li>We'll explore how the anticipated impact of Mexico's excise tax increase could influence Coca-Cola FEMSA's future financial trajectory and investment appeal.</li> </ul><p>The latest GPUs need a type of rare earth metal called Dysprosium and there are only 37 companies in the world exploring or producing it. Find the list for free.</p><h2>Coca-Cola FEMSA. de Investment Narrative Recap</h2><p>To own shares in Coca-Cola FEMSA, you need confidence in its ability to deliver steady returns through disciplined cost control, operational scale, and consumer reach across Latin America. The latest quarterly update shows slightly higher sales and earnings, but the short-term catalyst remains tied to how effectively management can lessen the impact of Mexico’s upcoming excise tax hikes, a risk that overshadows current margin improvements. The volume outlook for 2026 and ongoing market uncertainty make these tax headwinds the most significant risk to monitor, although recent quarterly results suggest no material shift in this near-term risk profile.</p> <p>Among recent announcements, Coca-Cola FEMSA’s October dividend declaration stands out, as it demonstrates both ongoing financial strength and management’s focus on rewarding shareholders, even in a climate where volume pressure from tax changes could affect future profits. The ability to maintain or grow its dividend, while adapting to challenging policy and market conditions, is increasingly relevant as these headwinds become central to near-term performance.</p> <p>In contrast, the bigger question for investors is whether margin pressure from excise taxes could reduce future dividend capacity...</p> <p>Read the full narrative on Coca-Cola FEMSA. de (it's free!)</p><p>Coca-Cola FEMSA. de's outlook projects MX$349.2 billion in revenue and MX$29.6 billion in earnings by 2028. This requires 6.5% annual revenue growth and a MX$6.0 billion increase in earnings from the current MX$23.6 billion.</p><p>Uncover how Coca-Cola FEMSA. de's forecasts yield a $111.16 fair value, a 29% upside to its current price.</p><h2>Exploring Other Perspectives</h2><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/8d37c3f7-a831-46d1-abff-63a0c364f88f/chart/community-fair-value?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/8d37c3f7-a831-46d1-abff-63a0c364f88f/chart/community-fair-value"/><figcaption>KOF Community Fair Values as at Nov 2025</figcaption></figure> <p>Simply Wall St Community contributors provided 10 fair value estimates for Coca-Cola FEMSA ranging from MX$77.49 to MX$181.15. As you weigh such varied perspectives, remember that anticipated volume declines tied to Mexican tax changes may heavily influence future returns, so exploring several viewpoints is essential.</p><p>Explore 10 other fair value estimates on Coca-Cola FEMSA. de - why the stock might be worth over 2x more than the current price!</p><h2>Build Your Own Coca-Cola FEMSA. de Narrative</h2><p>Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.</p><ul><li>A great starting point for your Coca-Cola FEMSA. de research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.</li><li>Our free Coca-Cola FEMSA. de research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Coca-Cola FEMSA. de's overall financial health at a glance.</li></ul><h2>Want Some Alternatives?</h2><p>The market won't wait. These fast-moving stocks are hot now. Grab the list before they run:</p><ul><li>We've found 20 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</li><li>AI is about to change healthcare. These 33 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.</li><li>The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 27 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p></div></div>

<p>Coca-Cola FEMSA reported Q3 2025 earnings with sales of MXN 71,883.72 million and net income of MXN 5,897.68 million, showing modest growth despite market challenges in Mexico. The company anticipates low to mid-single digit volume declines in 2026 due to an excise tax hike, prompting management to implement cost controls and revenue strategies. The upcoming tax changes pose significant risks to future profits and dividend capacity, although recent results indicate no immediate shift in risk profile. The outlook projects MX$349.2 billion in revenue and MX$29.6 billion in earnings by 2028, requiring 6.5% annual growth.</p>

Does Coca-Cola FEMSA’s (KOF) Volume Outlook Reveal a Strategic Shift Amid Mexico’s Tax Headwinds?