secwatch.observer — SEC 8-K summary
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Issuer:     COCA COLA CO (KO)
CIK:        0000021344
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000021344-24-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coca-Cola Q3 revenue $11.9B (-1%); comparable EPS $0.77 (+5%); provides updated guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21344/000002134424000056/0000021344-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21344/000002134424000056/ko-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000021344-24-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer