earnings
confidence high
sentiment positive
materiality 0.80
Coca-Cola Q2 2024: organic revenue +15%, comparable EPS +7%, full-year guidance raised
COCA COLA CO
2024-Q2 EPS reported
$1.29
revenue$23,663,000,000
- Net revenues $12.4B (+3% reported, +15% organic); unit case volume +2%.
- Comparable EPS $0.84 (+7% YoY); reported EPS $0.56 (-5%) including 11-pt currency headwind.
- Operating margin expanded to 21.3% (reported) and 32.8% (comparable) from 20.1% and 31.6%.
- Cash flow from ops $4.1B (-$516M); free cash flow $3.3B (-$693M) due to higher tax payments and working capital cycling.
- Company raised full-year 2024 guidance reflecting confidence in all-weather strategy.