Coca-Cola FEMSA (KOF) Shares Jump After Strong Second-Quarter Results

Coca-Cola FEMSA (KOF), the world's largest Coca-Cola bottler by sales volume, reported a 4.7% revenue increase to 76.3 billion pesos in Q2, with a 16.9% rise in majority net income and a 180 basis point expansion in gross margin to 47.1%. The results drove a jump in KOF shares.