today on is morning, Head-Investor the to building XXXX Good we Relations. year's With the our Against Constantino on still backdrop momentum environment to today me for are and Chief Thank joining Financial results.. discuss FEMSA's Officer a first positive everyone. volatile Coca-Cola last a the quarter are Spas, what start solid call of year. us Jorge Collazo, deliver to
Our volumes grew consolidated double of markets flow revenues while increased our across all digits. cash and operating our
across we fronts. our strategic Importantly, results delivering continue all accelerated
Coca-Cola investment. align plans company ambitious growth We execute to enhanced leveraging are strength the of and and the our with cooperation framework
we revenue new our and advance significantly open While digital strategy. streams
review emphasis will this is strategy, results. call. examples special a strategy six first I today's we diverse on omnichannel and across of renew based our During our how expand footprint. implementing which initiatives, are digital will on portfolio consolidated providing our with on corridors, our I Then strategic
the strategies, our our division's hedging commitments. sustainability you Q&A walk an bond closing as our of through with progressing session update our and Before towards our green performance Constantino on proceeds, use continue will we
of in is included Brazil Before discussing February our our XXXX. consolidated results, it is CBI that recent as important to remind acquisition you X, a
certain we translation. figures excluding is to comparable, currency will effects year-on-year reason, and the refer For M&A this comparison, as the of which
to the on quarter results. Moving first
to in solid Mexico, central previous that accelerated mainly our year. basis. all as our and by volume posted a America, and most in growth important driven of This of highlight with Guatemala, It was increased coupled Brazil, volumes year-on-year Uruguay, compared XX.X% comparable consolidated on is Argentina. the in with Columbia, Our double categories and performance digit growth territories growth X.X%
Coca-Cola brand growth in X.X% and beverage flavors. driven category in Our by grew core X.X% sparking X.X% growth
and growth personal January beverage trade accelerated, grew especially water volume the of and XX% rate respectively our category our of and Once across effects still again, the XX% of outstanding quarter. end during channels the Our territories. Omicron on-premise with an towards despite
Brazil, year-on-year our trade a trade. while resilient example, XX%, the in traditional channel increased on-premise grew outperforming For XX% modern
single our territories. additional all Importantly, an served our two covered Mexico mix recovery percentage and in points served compared continues as our across mix Brazil XXXX. Indeed, with single
gross accelerated price performance, This positive driven increasing on Our achieve translation portfolio and the pricing XX.X% our solid Notably, our XX raw basis basis. we from points. and chain was in material in comparable the consolidated favorable a revenue, Brazil. coupled environment, growth performance with XX.X% Despite growth remained Heineken's initiatives, contracting and growth our effects. volatility of volume currency increased in decline a solid our gross margin revenues total revenue transition mix, and management, despite resulting beer supply beer resilient XX.X% the year-on-year profit by price only
sweetener and margin revenue PET initiatives, strategies across material costs from hedging Our management, pricing raw of mostly growth substantially favorable mitigated pressures, territories. most our and higher
reduction operations, solid basis, comparable growth XXXX. reflects recognized in related On points. XX.X%. and This mostly our basis expenses, our during operating leading to to increased margin accelerated operating well performance period XX% of as expense with as XX operating other contingencies Our variable operating income same an sequentially a across efficiencies the growth income expansion of year-on-year, fixed a
flow resilient XX.X% XX.X%. operating operating cash resulting margin cash year-over-year for a the Our in quarter of increased
As our we deliver operating solid to substantially cash profitability protected growth. flow
comprehensive rates unfavorable the financial financing impacted loss as billion, to interest a instruments the to effects now our of controlling update. to Finally, X.X% a declined mainly on mainly and you peso related market income increase position. with Brazilian our to foreign provide non-cash net such a U.S. MXNX.X result as take exchange applied reach real I'll by to and and Mexican loss strategic our cash moment from value appreciation that the denominated resulted
over this the savings to delivering to company, cooperation necessary with as framework opportunity ambition, organization. us capabilities long to is enhanced Coca-Cola mentioned the the allowing Coca-Cola we aligned term, the streams, future initiatives, to past and efficiency revenue framework Building we portfolio, restructure XXXX, and and and more adapting calls began potential have deep announced leverage we with for navigate which of of the an to of combined pandemic our As growth opening a we work the years, our products. agility fuel of the new XXXX, reshaping business exploration model in cooperation our our thrive alignment that a enables This relationship, the the the fundamental as to accelerated long new up a the on growth In while and the and implementation adds framework customer areas transformation our been for resilient growth. Coca-Cola company. term have ambitious company, the relationships This is previous for of program, system environment. such during new program, distribution a company beer, our spirits including digital our part other functionalize plans, enhanced business
growth long incentives behind are as another multi-category have our levels Brazil, distribution aligned announced development towards in certainty and the profits management term and for investments beneficial to thus strengthen brands. with this market capabilities value invest business incentives mutually Group and Campari to the potential XXth, business leading and we high which with new right consolidate step creation. system to we with April of platform us providing Importantly, align long and Aligned agreement our with the both and framework economics a our parties, on
strategic based renewed conjunction in under strategy strategy the six corridors. our have with of concept call, we on integrated annual XXXX we report, This release that Now, Re-Evolution. new our our is
multi-category and channel. rolling rapidly our are building commercial omnichannel we business-to-business that First, out direct-to-consumer an encompasses and platform
winning a developing options the taste consumer-centric every are portfolio lifestyle. with and consumer for we Second,
further improved acquisitions. a significant to architecture systems. enabled the an implementation and but are just critical to Third, IT And capabilities. placing organization facilitate Fourth, our agile of in a heart reshaping This at talent, culture, transformation, we strategy. every enabling company's scale with fostering sustainability by the finally, digital and backbone is of as organization are key we to digitizing undergoing we not the our frontline, value enhancing actively and our we savvy decision. by of deepened core development robust have our and omnichannel pursue commitment the plan are our sustainable integration through capabilities Fifth, people-centric we company digital
proposition. We to footprint, our categories expansion not opportunities adjacent only traditional complement company's exploring for to portfolio are future our prioritizing value shape but capabilities and also
a sense, returnable of energy points To enabling the innovation, Now, X.X multi-packs category in let percentage to us strategy XX% territory still you implementation and Mexico, now including bottle, grow a the XXXX. segments. which as nutrition of have few across and focused markets. me the our we beverage to coverage In and reached our up our liter end category, hydration, is portfolio with share our sparkling give highlights on universal affordability, mainly accelerate initiatives beverage seven in compared momentum on our with
compared Zero, of Sin category our with continues previous sparkling new outperform year. to innovation, digits Azucar the growing the formula Regarding as Coca-Cola double
XX% platform, just more our we than of speed we client the first the of added increased purchases front, by of show omnichannel at bases first quarter. the now in you by escalating XXX,XXX a monthly quarter. to of we the end buyers means which monthly This the approximately the in are reach other a is the in active in words, Mexico just quarter In XXX,XXX active have buyers. more total to than On number XX% monthly our year, Mexico
routes routes. continue and and We of increase serve direct-to-consumer with to in our We the delivery number model home households. Coca-Cola
XXX BXB increase number across of in affordability, progressing During direct-to-consumer new added execution, our of and strategic while delivery summary, and monthly net delivery and quarter, In fronts. and increasing routes advancing the the we we promoter strategies implemented first scores. bolstering our improving both omnichannel Mexico, on to the are than home initiatives, continue buyers effectiveness more
to an on March sequential in an acceleration Moving January, despite improvements in Brazil, deliver saw challenging relatively quarter. we important a outstanding to and February
a our brand highlighted growth growth growth during All flavors Coca-Cola the in categories double digit in and quarter. by solid XX% XX.X% post of
teas, We of we percentage first to up corridor, monthly also the XX% drinks, end continue pardon orders category. to sparkling, XXXX. sports at digital by of the strengthen from more soft platform quarter, me, Aligned the the drinks, than the enabling in buyers and energy our to competitive us gaining position, increase omnichannel share of our now end XX% with XXX,XXX have
growing continue have Looking ahead, the we to optimistic right are we that Brazil. in capabilities
outstanding category delivering platform. continue to of at we Brazilian affordability place bolstering bolstering the consumers provide expect market right to Columbia, affordability our our we portfolio, omnichannel other and strengthening pack the as right expanding continue our execution capacity portfolio. our Panama, the such multi are Uruguay, markets, for our as In We
serve more provide positive bottle, is and we these rollout as our still in brand flavors more year. Columbia, the XX% six the us with not previous on-premise allows mix, to For also strategy by growing markets. compared affordability example, the key to capitalizing providing but multi the Similarly our initiative points of of than in on in increased are has than Columbia pack is in of only universal in and Coca-Cola, single this which strength our results. and the channel Panama, percentage Argentina, reopening beverages which Indeed recover
we Nicaragua, Rica. Finally, to results on in Columbia, the Costa and omnichannel front, see positive Panama, continue
by We our our and have purchases and as more we client increased onboarding with systems. XX% the to enhancing conversion purchase of monthly than digital clients number continue accelerating
consolidated at than FEMSA, platform, So Coca-Cola level active reached summarizing more progress monthly XXX,XXX buyers. and on a the building our are we omnichannel at which we have speed
increase sense just more Just buyers to February. to monthly to a this And achieved of XX% we the a million March, last give transactions compared month. digital you close as active than of number pace, in
Importantly, digital entire of also bottles. our revenues revenues capacity, in year we one are of continue revenues. digital emphasize digital bolstering the revenues to to to than want of XXXX. returnable amounted I accounted especially making investments in words, our total million, behind other $XX during than X% we affordability more the XX% more In for the achieved month our significant March
and lines bottles in production more now returnable to especially During the for have for in we and $XXX years, last million focused state-of-the-art cases, Mexico. two XXXX, production in new install in XX invested capacity we ___ returnable expect than
are agenda. executing momentum we positive against that our strategic Our and shows delivering
the over digital Looking and forward, continue people-centric organizations. we direct-to-consumer of to consumer-centric culture now rollout portfolio, our we agile will and call do, continue of and BXB across center omnichannel place multi-category With all building accelerate sustainability markets platforms I'll of fostering everything hand the that, at to Constantino. a and the while our
