Arca Continental. de Full Year 2023 Earnings: Revenues Disappoint

Arca Continental. de (BMV:AC) Full Year 2023 Results

Key Financial Results

• Revenue: Mex$215.8b (up 2.8% from FY 2022).
• Net income: Mex$17.5b (up 13% from FY 2022).
• Profit margin: 8.1% (up from 7.4% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: Mex$10.33 (up from Mex$8.86 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arca Continental. de Revenues Disappoint

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Beverage industry in South America.

Performance of the market in Mexico.

The company's shares are down 2.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Arca Continental. de that you should be aware of.

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