Mexico's Arca Continental posts third-quarter core profit rise, South America still challenging
(Reuters) -Mexican bottler Arca Continental on Thursday posted a rise in third-quarter core profit, citing an effective pricing strategy and momentum in the United States, despite challenges in South America. Arca, which sells bottled water, soft drinks and snacks across the Americas, reported earnings before interest, taxes, depreciation and amortization (EBITDA) of 12.68 billion pesos ($644.12 million), up 10.2% from the year-ago quarter and compared to a forecast of 12.49 billion pesos by analysts polled by LSEG. "Arca Continental reported a solid set of third-quarter results, slightly ahead of our and consensus estimates, while continuing to underscore the favorable operating momentum for the company, particularly in the U.S.," Banco Santander analysts said in a note.