Consumer Staples

Coca-Cola (NYSE:KO) reported quarterly earnings of $0.49 per share which met the analyst consensus estimate. The company reported quarterly sales of $10.80 billion which beat the analyst consensus estimate of $10.67 billion by 1.18 percent. This is a 6.67 percent increase over sales of $10.13 billion the same period last year.

Coca-Cola Expects To Deliver Organic Revenue Growth Of 6-7% And Comparable EPS Growth Of 4-5% For 2024.

Coca-Cola Reports Fourth Quarter and Full-Year 2023 Results Global Unit Case Volume Grew 2% for the Quarter and 2% for the Full Year Net Revenues Grew 7% for the Quarter and 6% for the Full Year; Organic Revenues (Non-GAAP) Grew 12% for the Quarter and 12% for the Full Year Operating Income Grew 10% for the Quarter and 4% for the Full Year; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 20% for the Quarter and 16% for the Full Year Fourth Quarter EPS Declined 2% to $0.46; Comparable EPS (Non-GAAP) Grew 10% to $0.49; Full Year EPS Grew 13% to $2.47; Comparable EPS (Non-GAAP) Grew 8% to $2.69 Cash Flow from Operations Was $11.6 Billion for the Full Year, Up 5%; Full-Year Free Cash Flow (Non-GAAP) Was $9.7 Billion for the Full Year, Up 2% Company Provides 2024 Financial Outlook ATLANTA–(BUSINESS WIRE)–February 13, 2024– The Coca-Cola Company today reported fourth

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $2 to $66, based on a ’25 P/E of 22.0x, a discount to KO’s 10-year mean forward P/E of 23.2x. We maintain our adjusted EPS estimates of $2.85 for ’24 and $3.00 for ’25. KO posts Q4 adjusted EPS of $0.49 vs. $0.45 (+9%), in line with consensus. Stronger-than-expected revenue offset weaker-than-forecasted margins, as revenue rose 7% to $10.85B ($200M ahead of consensus), driven by price/mix (+9%) and concentrate sales (+3%), partially offset by currency and other net changes (-5%). Notably, Latin America remained particularly strong, with segment net revenue up 16%. Gross margin expanded 190 bps to 57.3%. KO introduced 2024 adjusted EPS growth guidance of 4%-5%, implying EPS of $2.80-$2.82 (current consensus: $2.81). While we believe the guidance reflects

By Jacob Sonenshine Coca-Cola earnings came with a warning to companies across the market — raising prices is getting harder. For companies like Coca-Cola, America’s inflation problem wasn’t much of a problem. The company had pricing power, which meant that it could continue raising prices to offset the higher costs throughout its ecosystem. Even though January’s consumer price index was stronger than expected, it showed that the rate of inflation is still falling — and that could eventually catch up with sales growth. It may already have. Coca-Cola raised prices by about 9% in the fourth quarter of 2023, down from 13% increases in the fourth quarter of 2022, and sales growth for the quarter was even lower at 7% to $10.9 billion, down from a double-digit rate in during the same quarter in 2022, as the volume of goods sold wasn’t strong enough to offset the negative impact of

The Coca-Cola Company (KO) Q4 2023 Earnings Call Transcript Robin Halpern (Vice President, Global Head of Investor Relations): This presentation is not intended to update, reconfirm, or otherwise provide commentary on post-third quarter trends and you’ll see the forward-looking statement in a minute. Manolo, with that, I’ll hand it over to you. Manolo Arroyo (Global Chief Marketing Officer): Thank you, Robin. Good evening, everyone. Happy to be here today. Nancy and I are going to walk you through the latest and greatest of both marketing and innovation. As we start on slide 3, let me begin with some brief context. There are a lot of things happening out there in the world and the marketing landscape is no different – it’s dynamic. And we’re delivering in this dynamic landscape. First, the global population is aging. To deliver growth to the company, many of our brands have been around for decades