Sales volume experienced a slight decrease, primarily due to Mexico. On the other hand, South America performed more resiliently with volume growth across our territories, demonstrating the business's adaptability in different regions.”
The company's total consolidated revenue grew 9.1% and operating profit increased 4.3% compared to the previous year.
Its total revenue in the Americas region increased 9.2%, and operating profit rose 7.1% compared to the same period last year.
In terms of volume, it decreased 2.7%, driven by lower volume in Mexico and Panama, which was partially offset by volume growth in Guatemala, Nicaragua, and Costa Rica. This volume decrease was primarily due to unfavorable weather conditions and a slowdown in the macroeconomic environment.
In South America, volume increased 2.6%, mainly driven by higher volume in Brazil, Colombia, and Argentina, with stable performance in Uruguay.
The report highlighted the resilience of markets in South America and Europe, which helped mitigate weaker trends in Mexico.
Finally, the company indicated that as it approaches its 2025 target, it is optimistic that its results will continue to improve across its business units in the fourth quarter.
