Q2 2024 Arca Continental SAB de CV Earnings Call Transcript
Key Points
- Total consolidated revenues rose 4.7% in the second quarter and 2.5% year-to-date.
- Consolidated EBITDA grew 7.5% in the quarter and 4.6% year-to-date, reaching MXN12.2 billion and MXN21.8 billion, respectively.
- Mexico's beverage business saw strong growth, with unit case volume up 5% and total net sales rising 10.8% in the quarter.
- The US operations delivered solid profitability improvements, with EBITDA growing 9.3% to $188 million.
- Arca Continental was recognized by the Mexican Stock Exchange for obtaining the highest overall score in Mexico for the Standard & Poor's Global Corporate Sustainability Assessment.
- Total volume was flat in the quarter, with growth in Mexico offset by declines in South America and the US.
- South America's beverage business saw a 9.9% decline in total volume and a 7.2% drop in total revenue.
- Volume in Peru was down 10% due to a sharp slowdown in the economy and unseasonably cold temperatures.
- Argentina's beverage business experienced a 21% decline in volume, although the decline was milder compared to the first quarter.
- The food and snacks businesses posted a low single-digit sales decline in the quarter and a mid-single-digit decline for the full year.
Good morning, everyone, and welcome to the Arca Continental second quarter 2024 earnings conference call. (Operator Instructions) Also today's call is being recorded. (Operator Instructions)
And now at this time, I'd like to turn things over to Ms. Melanie Carpenter of Ideal Advisors. Melanie, please go ahead.
Thank you, operator. Good morning, everyone. Thanks for joining the senior management team of Arca Continental to review the results for the second quarter of 2024. The earnings release went out this morning, and it's available on the company website at arcacontal.com in the Investor Relations section.
It's now my pleasure to introduce our speakers. Joining us from Monterrey is the CEO, Mr. Arturo Gutierrez; the CFO, Mr. Emilio Marcos; and the Executive Director of Planning, Jesus Garcia. They're going to be making some forward-looking statements, and we just ask that you refer to the disclaimer and the conditions surrounding those statements in the earnings release for guidance.
And with
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
