美國

證券交易委員會

華盛頓，特區。20549

表格 6-K

外國私營發行人報告書

根據第13a-16條或第15d-16條規定執行

《1934年證券交易法》交易所規定

2024年10月份
委託文件編號 1-12260

可口可樂凡薩瓶裝，S.A.b. de C.V.

(將註冊人的名稱翻譯成英文)

墨西哥合衆國

(公司的註冊或組織管轄區)

Calle Mario Pani No. 100,
Santa Fe Cuajimalpa,
Cuajimalpa de Morelos,
05348, 墨西哥城,

墨西哥

(總部地址)

指示 通過複選標記註冊人是否在20-F表格或40-F表格的掩護下提交或將要提交年度報告。

申報表 20-F X 40-F表格    

如果申請人根據S-t規則101(b)(1)規定的紙質形式提交6-k表格，請用√標記

是    不  X 

如符合S-t規則101(b)(7)的規定，公司提交的6-k表格爲紙質材料，請使用複選標記表示。

是    不  X 

如選擇標誌複選框，表示註冊者通過提供此表中所包含信息而根據證券交易所法案第1934條規定的12g3-2(b)規則向證券交易所提交信息。

是    不  X 

如果 標記爲"是"，請在下面指明與註冊者相關聯的文件號碼

規則 12g3-2(b)：82-__。

2024年10月25日，可口可樂凡薩瓶裝股份有限公司。 （BMV：KOFUBL，紐交所： KOF）

（"可口可樂凡薩瓶裝"，"KOF"或"公司"），全球銷售成交量最大的可口可樂特許經營商，宣佈2024年第三季度的業績。

Ian Craig， 可口可樂凡薩瓶裝的CEO，發表評論：

“我們的第三季度業績凸顯了我們業務的韌性和推動可口可樂凡薩瓶裝前進的戰略執行力。儘管墨西哥的天氣條件不利，但我們的綜合銷量仍然表現出韌性，主要得益於巴西和危地馬拉取得的穩固增長。與此同時，我們團隊專注於發展核心業務並推動成本和費用效率，使我們的營收和運營收入都實現了兩位數增長。

在B20億方面，我們繼續部署Juntos+，目前已覆蓋拉丁美洲每月活躍買家達到120萬。此外，我們啓動了我們新的賽富時自動化工具Juntos+ Advisor的試點，取得了令人鼓舞的成果。Juntos+ Advisor利用先進的人工智能模型，賦予我們的賽富時團隊更好的能力，幫助我們的客戶達到他們的全部潛力，並顯著改善我們客戶的全渠道體驗。最後，我們正在逐步增加關鍵市場的生產和分發能力，以實現未來的增長，併爲所有利益相關者提供長期價值。

此外，我們向在第三季度受到約翰颶風影響的墨西哥瓜雷羅州所有人提供誠摯的支持。我們的團隊不知疲倦地爲我們的員工、家人和受影響的社區提供支持。我們也很高興看到我們在波爾圖阿雷格雷的工廠按計劃進行重新開放；我們已經恢復了分銷中心的運營，而裝瓶作業將在第四季度逐漸開始。

最近的發展

會議 看漲信息

第三季度彙總結果

成交量 成交量增長0.8％至104110萬單位，受到巴西、危地馬拉和中南美洲地區成交量增長的推動， 以及阿根廷表現穩定的成交量。這一增長部分被墨西哥、哥倫比亞和烏拉圭的成交量下降所抵消。

總營業收入 市銷率增長10.7%，達到6960100萬貨幣。 這一增長主要受到我們的營收管理措施和有利的組合效應推動。 不計入貨幣轉換效應，總營業收入增長了11.3%。

毛利潤毛利率增加了11.3%至Ps. 3209400萬，毛利率增加了20個點子達到46.1%。這一增長主要是由我們的銷售增長帶動，再加上原材料成本的降低和有利的套期保值舉措。這些影響部分地被巴西產成品採購增加、固定成本上升和阿根廷披索貶值所抵消。在排除匯率翻譯影響的情況下，毛利潤增加了11.5%。

營業收入 市銷率增長了13.9%，達到963800萬，營業利潤率增加了30個點子，達到13.8%。 這一利潤率擴張主要得益於營業費用效率和有利的混合效應，這些效應減輕了與更高的營業費用（如勞動力、營銷、運費和維護）相關的利潤率壓力。此外，我們認爲與2023年10月墨西哥發生的颶風奧蒂斯災情有關的保險索賠爲當季貢獻了33900萬。除貨幣翻譯效應外，營業收入增長了13.6%。

⁽²⁾              調整後的EBITDA = 營業收入 + 折舊 + 攤銷 & 其他營業非現金費用。

全面融資結果 記錄了82300萬Pesos的費用，而上一年度的費用爲55200萬Pesos。這一增加主要是由2024年第三季度匯率期貨損失減少至4900萬Pesos，與上一年同期的32200萬Pesos收益相比導致的。此外，我們承認的利息費用淨額爲105900萬Pesos，而上一年度同期爲98600萬Pesos，主要是因爲在阿根廷新增債務和漂浮債務利率上升。

這些效應在通貨膨脹子公司的貨幣頭寸收益較上一年同期有所提高時部分抵消。

稅前收入的比例爲31.5% ，與2023年同期的29.6%相比。這種增長主要是由遞延稅引起的。 稅前收入佔收入的比例爲31.5%，而2023年同期爲29.6%。主要原因是遞延稅。

公司歸屬於股東的淨收入 較上一年同期的收入增長率爲市銷率585800萬，較上年同期市銷率538000萬高。主要是由於營業收入增長所致，部分抵消了綜合融資成果和所得稅的增加。每股收益¹ 爲市銷率0.35（每單位收益市銷率爲2.79，每ADS市銷率27.89）。

CONSOLIDATED FIRST NINE months RESULTS

Volume increased 5.1% to 3,145.6 million unit cases, driven by volume growth in most of our territories, including Mexico, Brazil, Guatemala, Colombia, and our Central America South territories, partially offset by a decrease in Argentina and Uruguay.

Total revenues increased 12.4% to Ps. 203,873 million. This increase was driven mainly by our solid volume growth and revenue management initiatives. These effects were partially offset by unfavorable currency translation effects of most of our operating currencies into Mexican Pesos. Excluding currency translation effects, total revenues increased 15.7%.

Gross profit increased 14.0% to Ps. 92,886 million, and gross margin expanded 70 basis points to 45.6%. This gross profit increase was driven mainly by our top-line growth, coupled with favorable packaging costs and hedging initiatives. These effects were partially offset by higher sweetener costs across our territories and the depreciation of the Argentine Peso. Excluding currency translation effects, gross profit increased 17.2%.

Operating income increased 13.4% to Ps. 28,037 million, and operating margin increased 20 basis points to 13.8%. This increase was driven by top-line growth and operating expense efficiencies. These effects were partially offset by increases in operating expenses such as labor, freight, and maintenance, coupled with a tough comparison base that included a non-cash operating foreign exchange gain in Mexico, as compared to a loss this year. Excluding currency translation effects, operating income increased 16.3%.

Comprehensive financing result recorded an expense of Ps. 2,918 million, compared to an expense of Ps. 3,329 million in the previous year. This decrease is explained mainly by a foreign exchange gain of Ps. 249 million as compared to a loss of Ps. 739 million, as our net cash exposure in U.S. dollars was positively impacted by the depreciation of the Mexican Peso and the Brazilian Real during the first nine months of 2024.

These effects were partially offset by an increase in our interest expense, net, of Ps. 3,415 million as compared to an expense of Ps. 2,804 million in the same period of the previous year, mainly because of an increase in our debt in Argentina partially offset by a reduction in our interest income and the maturity of a Mexican peso denominated bond.

Income tax as a percentage of income before taxes was 32.5% as compared to 29.6% during the same period of 2023. This increase was driven mainly by deferred taxes.

Net income attributable to equity holders of the company increased 15.7% to reach Ps. 16,445 million during the first nine months of 2024, as compared to Ps. 14,213 million during the same period of the previous year. This increase was driven mainly by operating income growth, coupled with a decrease in our comprehensive financing result. These effects were partially offset by higher income taxes. Earnings per share¹ were Ps. 0.98 (Earnings per unit were Ps. 7.83 and per ADS were Ps. 78.28.).

MEXICO & CENTRAL AMERICA DIVISION THIRD QUARTER RESULTS

(Mexico, Guatemala, Costa Rica, Panama, and Nicaragua)

Volume decreased 0.7% driven by a 1.5% decline in Mexico mainly because of unfavorable weather conditions, partially offset by a 7.5% increase in Guatemala and a 1.5% increase in our Central America South territories.

Total revenues increased 9.0% to Ps. 42,546 million, driven mainly by revenue management initiatives and the favorable translation effect from most of our operating currencies into Mexican Pesos. These effects were partially offset by a slight volume decline. Excluding currency translation effects, total revenues increased 6.7%.

Gross profit increased 10.7% to Ps. 20,691 million, and gross margin expanded 70 basis points to 48.6%. This margin expansion was driven mainly by our top-line growth, easing sweetener and packaging costs, coupled with favorable hedging initiatives. These effects were partially offset by higher fixed costs. Excluding currency translation effects, gross profit increased 8.4%.

Operating income increased 11.3% to Ps. 6,711 million, and operating margin increased 30 basis points to 15.8%. This increase was driven mainly by our top-line growth, favorable mix, and operating expense efficiencies that mitigated margin pressures related to higher operating expenses such as labor, marketing, freight, and maintenance, coupled with an operating foreign exchange loss. In addition, this quarter we recognized one-time income of Ps. 339 million related to insurance claims from Hurricane Otis’ impact on Mexico in October 2023. Excluding currency translation effects, operating income increased 9.1%.

⁽²⁾              Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

SOUTH AMERICA DIVISION THIRD QUARTER RESULTS

(Brazil, Argentina, Colombia, and Uruguay)

Volume increased 3.1% to 412.1 million unit cases, driven mainly by a 6.3% volume growth in Brazil and stable performance in Argentina. These effects were partially offset by volume declines of 4.0% in Colombia and 2.6% in Uruguay.

Total revenues increased 13.6% to Ps. 27,056 million. This increase was driven mainly by volume growth, coupled with revenue management initiatives. These effects were partially offset by unfavorable currency translation effects from most of our operating currencies in the division into Mexican pesos. Excluding currency translation effects, total revenues increased 19.5%.

Gross profit increased 12.2% to Ps. 11,403 million, and gross margin contracted 60 basis points to 42.1%. This contraction was driven mainly by increases in sweetener costs, purchases of finished products, and the depreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by our top-line growth, declining packaging costs, and favorable hedging strategies. Excluding currency translation effects, gross profit increased 17.4%.

Operating income increased 20.6% to Ps. 2,927 million, resulting in an operating margin expansion of 60 basis points to 10.8%. This increase was driven mainly by operating leverage resulting from top-line growth and cost and expense control initiatives. These effects were partially offset by higher fixed costs and expenses such as freight, labor, and the top-line contraction from Argentina. Excluding currency translation effects, operating income increased 25.7%.

⁽²⁾              Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

DEFINITIONS

Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product.

Transactions refers to the number of single units (e.g., a can or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.

Operating income is a non-GAAP financial measure computed as “gross profit – operating expenses – other operating expenses, net + operative equity method (gain) loss in associates.”

Adjusted EBITDA is a non-GAAP financial measure computed as “operating income + depreciation + amortization & other operating non-cash charges.”

Earnings per share are equal to “quarterly earnings / outstanding shares.” Earnings per share (EPS) for all periods are adjusted to give effect to the stock split resulting in 16,806,658,096 shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.

COMPARABILITY

Our “comparable” term means, with respect to a year-over-year comparison, the change of a given measure excluding the effects of: (i) mergers, acquisitions, and divestitures; and (ii) translation effects resulting from exchange rate movements. In preparing this measure, management has used its best judgment, estimates, and assumptions to maintain comparability.

ABOUT THE COMPANY

Stock listing information: Mexican Stock Exchange, Ticker: KOFUBL | NYSE (ADS), Ticker: KOF | Ratio of KOFUBL to KOF = 10:1

Coca-Cola FEMSA, S.A.B. de C.V. is the largest franchise bottler in the world by sales volume. The Company produces and distributes trademark beverages of The Coca-Cola Company, offering a wide portfolio to more than 272 million consumers. With over 104,000 employees, the Company markets and sells approximately 4 billion unit cases through more than 2.1 million points of sale a year. Operating 56 manufacturing plants and 252 distribution centers, Coca-Cola FEMSA is committed to generating economic, social, and environmental value for all its stakeholders across the value chain. The Company is a member of the Dow Jones Sustainability MILA Pacific Alliance Index, FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index, among others. Its operations encompass certain territories in Mexico, Brazil, Guatemala, Colombia, and Argentina and, nationwide, in Costa Rica, Nicaragua, Panama, Uruguay and, in Venezuela, through an investment in KOF Venezuela. For further information, please visit www.coca-colafemsa.com

ADDITIONAL INFORMATION

All of the financial information presented in this report was prepared under International Financial Reporting Standards (IFRS).

This news release may contain forward-looking statements concerning Coca-Cola FEMSA’s future performance, which should be considered as good faith estimates by Coca-Cola FEMSA. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, many of which are outside Coca-Cola FEMSA’s control, which could materially impact the Company’s actual performance. References herein to “US$” are to United States dollars. This news release contains translations of certain Mexican peso amounts into U.S. dollars for the convenience of the reader. These translations should not be construed as representations that Mexican peso amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated.

(6 pages of tables to follow)

⁽¹⁾              Except volume and average price per unit case figures.

⁽²⁾              Please refer to page 15 and 16 for revenue breakdown.

⁽³⁾              Includes equity method in Jugos del Valle and Leão Alimentos, among others.

⁽⁴⁾              Includes equity method in PIASA, IEQSA, Beta San Miguel, IMER, and KSP Participacoes, among others.

⁽⁵⁾              The operating income and Adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.

⁽⁶⁾              Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.

⁽⁷⁾              Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

⁽⁸⁾              As of September 30, 2024, the investment in fixed assets effectively paid is equivalent to Ps. 15,717 million.

⁽¹⁾              Except volume and average price per unit case figures.

⁽²⁾              Please refer to page 15 and 16 for revenue breakdown.

⁽³⁾              Includes equity method in Jugos del Valle, among others.

⁽⁴⁾              The operating income and Adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.

⁽⁵⁾              Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.

⁽⁶⁾              Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

COCA-COLA FEMSA
CONSOLIDATED BALANCE SHEET
Millions of Pesos
Assets		Sep-24	Dec-23	% Var.		Liabilities & Equity		Sep-24	Dec-23	% Var.
Current Assets						Current Liabilities
Cash, cash equivalents and marketable securities						Short-term bank loans and notes payable		2,557	140	1726%
		41,493	31,060	34%		Suppliers		30,966	27,351	13%
Total accounts receivable		16,600	17,749	-6%		Short-term leasing Liabilities		818	752	9%
Inventories		13,973	11,880	18%		Other current liabilities		36,533	26,673	37%
Other current assets		8,674	7,049	23%		Total current liabilities		70,873	54,916	29%
Total current assets		80,740	67,738	19%		Non-Current Liabilities		-	-
Non-Current Assets		-	-			Long-term bank loans and notes payable		69,325	65,074	7%
Property, plant and equipment		153,835	133,406	15%		Long Term Leasing Liabilities		2,205	1,769	25%
Accumulated depreciation		(62,358)	(54,676)	14%		Other long-term liabilities		17,674	18,056	-2%
Total property, plant and equipment, net		91,478	78,730	16%		Total liabilities		160,076	139,815	14%
Right of use assets		2,815	2,388	18%		Equity		-	-
Investment in shares		10,105	9,246	9%		Non-controlling interest		7,545	6,680	13%
Intangible assets and other assets		103,904	101,162	3%		Total controlling interest		140,303	127,025	10%
Other non-current assets		18,882	14,256	32%		Total equity		147,848	133,705	11%
Total Assets		307,924	273,520	13%		Total Liabilities and Equity		307,924	273,520	13%
		Sep 30, 2024
Debt Mix		% Total Debt (1)	% Interest Rate Floating (1) (2)	Average Rate		Debt Maturity Profile
Currency
Mexican Pesos		58.9%	3.7%	8.7%
U.S. Dollars		17.7%	53.2%	4.2%
Colombian Pesos		1.4%	0.0%	6.3%
Brazilian Reals		21.1%	18.8%	9.3%
Argentine Pesos		0.9%	0.0%	50.1%
Total Debt		100%	23.4%	8.4%
(1) After giving effect to cross- currency swaps.
(2) Calculated by weighting each year´s outstanding debt balance mix.
Financial Ratios		3Q 2024	FY 2024	Δ%
Net debt including effect of hedges (1)(3)		30,307	37,794	-19.8%
Net debt including effect of hedges / Adj. EBITDA (1)(3)		0.57	0.81
Adj. EBITDA/ Interest expense, net (1)		11.73	11.86
Capitalization (2)		33.1%	32.8%
(1) Net debt = total debt - cash
(2) Total debt / (total debt + shareholders' equity)
(3)  After giving effect to cross-currency swaps.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.