Further, the bottom line was impacted by soft operating margins due to higher operating expenses at Coca-Cola FEMSA KOF and FEMSA Comercio's Retail division. Notably, operating margin for Coca-Cola FEMSA - the world's largest franchise bottler for Coca-Cola Company KO , contracted 80 basis points (bps) mainly due to higher freight expenses, labor costs as well as diesel and gasoline prices. de C.V. (FMX): Free Stock Analysis Report Coca-Cola Company (The) (KO): Free Stock Analysis Report Coca Cola Femsa S.A.B.