Coca-Cola (NYSE: KO) is earning its status as an ideal bet on the post-pandemic consumer rebound. In the second-quarter conference call with Wall Street analysts, CEO James Quincey and his team cautioned investors about risks ahead, including new COVID-19 outbreaks that were sparking renewed retailing shutdowns. Coke eased a core worry on Wall Street that its business took a permanent hit from pandemic-related changes in consumer shopping behavior.
Recovery across markets and business units, as consumers return to stores, aid FEMSA (FMX) in Q2. The company reports strong y/y comparisons across all units.
AB InBev (BUD) witnesses strong momentum in Q2, with earnings and revenues improving year over year. Revenues also increase from the pre-pandemic levels.