Coca-Cola (KO) reported $11.85 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.8%. EPS of $0.77 for the same period compares to $0.74 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $11.61 billion, representing a surprise of +2.08%. The company delivered an EPS surprise of +4.05%, with the consensus EPS estimate being $0.74.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre in Lausanne, on June 24, 2019.Coca-Cola CEO James Quincey said the company doesn't expect an E. coli outbreak linked to McDonald's to hurt the beverage company's sales."When one looks at what's in the media so far, in terms of th ...

Coca-Cola (KO) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.05%. A quarter ago, it was expected that this world's largest beverage maker would post earnings of $0.80 per share when it actually produced earnings of $0.84, delivering a surprise of 5%.Over the last four quarters, th ...

Core Insights - Coca-Cola reported a 1% decline in net revenues to $11.9 billion for the third quarter, which was better than analysts' expectations of $11.65 billion [2] - Earnings per share decreased by 7% to $0.66, falling short of the analyst consensus of $0.74 [2] - The company experienced an 11% increase in sales of Coca-Cola Zero Sugar, contributing to the better-than-expected revenue performance [2] Revenue Performance - The revenue decline was attributed to a 2% decrease in concentrate sales, despite a 10% increase in price/mix [2] - Coca-Cola's CEO highlighted the company's resilience in a challenging external environment and expressed optimism about long-term growth opportunities [2] Market Trends - The company noted potential growth in the non-carbonated drink market, supported by its sponsorship of the 2024 Paris Olympics [2][3] - Strong international sales have previously helped offset weaker consumer demand in the US, although unit case volume declined in Europe, the Middle East & Africa, and Asia Pacific during the third quarter [4] Consumer Behavior - Investors are keen to understand consumer spending behavior as the year-end approaches, with US consumers reportedly facing challenges from accumulated price increases due to global inflation [4] - Retailers, including Costco and Walmart, have been reducing prices amid cautious consumer spending patterns [5] Competitive Landscape - Coca-Cola's rival PepsiCo has also reported weaker-than-expected sales for two consecutive quarters and has lowered its full-year organic sales outlook [5]

On Wednesday, Coca-Cola Company KO reported a third-quarter 2024 sales decline of 1% year-on-year to $11.9 billion, beating the analyst consensus estimate of $11.59 billion.Revenue performance included a 10% growth in price/mix and a 2% decline in concentrate sales. Concentrate sales were 1 point behind unit case volume, primarily due to the timing of concentrate shipments.Adjusted operating margin was 30.7% versus 29.7% in the prior year, driven by a charge of $919 million related to the remeasurement of t ...

Topic 1: Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Topic 2: Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [5]. - Strategic partnerships were formed with local retailers in Southeast Asia to enhance market penetration [6]. Topic 3: Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [7]. - R&D spending increased by 10% to accelerate innovation and product differentiation [8]. - Customer feedback on the new product line has been overwhelmingly positive, with a 95% satisfaction rate [9]. Topic 4: Operational Efficiency - Implemented a new supply chain management system, reducing delivery times by 15% [10]. - Automation initiatives in manufacturing led to a 5% reduction in production costs [11]. - Employee training programs were expanded, resulting in a 10% increase in productivity [12]. Topic 5: Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [13]. - Launched a recycling program that has successfully diverted 50% of waste from landfills [14]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [15]. Topic 6: Corporate Governance - Appointed two new independent directors to the board, enhancing oversight and strategic guidance [16]. - Conducted a comprehensive review of corporate policies to ensure compliance with global standards [17]. - Shareholder engagement initiatives were strengthened, resulting in a 20% increase in attendance at the annual meeting [18].

Coke is on track for its best annual performance in a decade.Coca-Cola (KO 0.26%) is set to deliver third-quarter 2024 earnings the morning of Oct. 23. In addition to providing an update for investors, the report will shed light on the strength of the consumer and global inflationary pressures.Here's why Coke has a lot to prove this earnings season and whether the dividend stock is a buy now. Optimistic guidanceLast quarter, Coke raised several of its full-year targets. It boosted its comparable earnings-pe ...

Coca-Cola cans are on display with the Coca-Cola logo visible in the background in this photo ... [+] illustration taken in Brussels, Belgium, on March 2, 2024. (Photo by Jonathan Raa/NurPhoto via Getty Images) NurPhoto via Getty Images Coca-Cola (NYSE: KO) will report its Q3 2024 results on Wednesday, October 23. We expect the company's revenues to come in at $11.65 billion, marginally above the consensus estimate of $11.6 billion. This would mark a year-over-year decline of about 2.5%. Earnings will likel ...

Coca-Cola (KO) closed the latest trading day at $70.44, indicating a +0.77% change from the previous session's end. This change outpaced the S&P 500's 0.4% gain on the day. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.63%.The world's largest beverage maker's stock has dropped by 1.02% in the past month, exceeding the Consumer Staples sector's loss of 2.13% and lagging the S&P 500's gain of 3.76%.Analysts and investors alike will be keeping a close ...

The Coca-Cola Company (KO) is slated to report third-quarter 2024 earnings on Oct. 23, before the opening bell. The company is expected to register a year-over-year top-line decline and flat bottom-line results when it reports third-quarter numbers. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for third-quarter earnings is pegged at 74 cents, suggesting no change from the prior-year quarter's reported figure. The consensus mark for earnings has moved ...