Operator: Hello, and welcome to the FEMSA Second Quarter 2023 Results Conference Call. My name is Laura, and I will be your coordinator for today s event. Please note, this call is being recorded.
Unidentified Company Representative: 100 basis points year-on-year. This compression was driven mainly by increases in raw material costs, such as sweeteners and concentrate in Mexico.
The global beer market made significant progress in 2021, making up nearly half of the volume losses it experienced during the peak of the pandemic in 2020.
Rethink the news: Reducing news to hard lines and side-taking leaves a lot of the story untold. Progress comes from challenging what we hear and considering different views.