Coca-Cola Q3 net rev $12.0B (+8%), comp EPS $0.74 (+7%), raises full-year guidance

COCA COLA CO

2023-Q3 EPS reported $2.01 revenue$34,905,000,000

Net revenue $12.0B (+8% reported, +11% organic); unit case volume +2%.
Comparable op margin 29.7% vs 29.5% prior year; GAAP op margin 27.4%.
Comparable EPS $0.74 (+7% reported); GAAP EPS $0.71 (+9%). Currency headwind 4 pts.
Raises full-year topline and bottom-line guidance citing year-to-date momentum.
Entered LOI to refranchise Philippines bottling ops to CCEP & Aboitiz; Africa IPO pending.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

COCA COLA CO reported third quarter 2023 results: revenue $12.0 billion, EPS $0.71. Guidance raised.

Period: third quarter 2023
Revenue: $12.0 billion
EPS: $0.71
Guidance: raised
Result: reported results

Exact text from the filing

system, positions us to win in the marketplace today while also laying the groundwork for the long term.” Highlights Quarterly Performance • Revenues: Net revenues grew 8% to $12.0 billion, and organic revenues (non-GAAP) grew 11%. Revenue performance included 9% growth in price/mix and 2% growth in concentrate sales. Concentrate sales were in line with unit case

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Source: SEC EDGAR

accession 0000021344-23-000057

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