earnings
confidence high
sentiment neutral
materiality 0.70
Coca-Cola Q3 revenue $11.9B (-1%); comparable EPS $0.77 (+5%); provides updated guidance
COCA COLA CO
2024-Q3 EPS reported
$1.95
revenue$35,517,000,000
- Comparable EPS grew 5% to $0.77; reported EPS fell 7% to $0.66 on a $919M fairlife contingent consideration charge.
- Organic revenues (non-GAAP) up 9%; total net revenues down 1% due to currency headwinds (5%).
- Unit case volume declined 1%; concentrate sales fell 2% (1 point behind volume on shipment timing).
- Comparable operating margin expanded to 30.7% (vs 29.7% prior year); reported margin compressed to 21.2%.
- Free cash flow (ex-IRS deposit) of $7.6B, down $294M due to higher taxes and capex.