Coca-Cola Q1 revenue $11.3B (+3%); comparable EPS $0.72 (+7%); charges weigh on operating income down 36%

COCA COLA CO

2024-Q1 EPS reported $0.74 revenue$11,300,000,000

Net revenues $11.3B, +3% reported / +11% organic; unit case volume +1%.
Operating income -36% due to $765M fairlife contingent consideration charge and $760M BODYARMOR impairment.
Comparable EPS $0.72 (+7%); reported EPS $0.74 (+3%) with 9-pt currency headwind.
Comparable operating margin expanded to 32.4% from 31.8% on refranchising and topline growth.
Cash from operations $528M (+$368M YoY); free cash flow $158M (+$274M).

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 0.95

COCA COLA CO reported first quarter 2024 results: revenue $11.3 billion, EPS $0.74.

Period: first quarter 2024
Revenue: $11.3 billion
EPS: $0.74
Result: reported results

Exact text from the filing

success, thanks to the right strategies, clear alignment, a powerful portfolio and strong execution.” Highlights Quarterly Performance • Revenues: Net revenues grew 3% to $11.3 billion, and organic revenues (non-GAAP) grew 11%. Revenue performance included 13% growth in price/mix and a 2% decline in concentrate sales. Concentrate sales were 3 points behind unit

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Source: SEC EDGAR

accession 0000021344-24-000013

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