Coca-Cola Co

KO

Equity

ISIN US1912161007 / Valor 919390

New York Stock Exchange, Inc (2024-11-21)

USD 63.76+1.22%

Coca-Cola Co
UMushroom community rating:

4.33 6 votes No rating yet

NegativeNeutralPositive

About company

The Coca-Cola Company, founded on May 8, 1886, by Dr. John Pemberton in Atlanta, Georgia, has grown from its original flagship product to a diversified total beverage company. With a portfolio that spans over 200 brands, including soft drinks, water, coffee, tea, and alcohol-ready-to-drink beverages, Coca-Cola operates on a global scale, serving more than 2.2 billion servings daily across more than 200 countries and territories. The company is committed to innovation and sustainability, focusing on reducing added sugars in its drinks, enhancing recycling efforts, and implementing sustainable sourcing practices. Coca-Cola, in partnership with its bottling affiliates, employs over 700,000 individuals worldwide, contributing to economic opportunities in local communities. The company's mission is to refresh the world and make a difference, striving to offer a diverse range of beverage choices while pursuing environmentally and socially responsible business practices.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Coca-Cola Co reported a 3% increase in net revenues for the second quarter of 2024, reaching $12.4 billion. Organic revenues, which exclude the impact of currency fluctuations and other factors, grew by an impressive 15%. This growth was driven by a 9% increase in price/mix and a 6% rise in concentrate sales.

Operating Income

Operating income for Coca-Cola Co in Q2 2024 grew by 10%, with comparable currency-neutral operating income (non-GAAP) increasing by 18%. The operating margin also improved, reaching 21.3% compared to 20.1% in the previous year. The comparable operating margin (non-GAAP) was 32.8%, up from 31.6% in the prior year.

Earnings Per Share

Coca-Cola Co's earnings per share (EPS) declined by 5% to $0.56 in the second quarter of 2024. However, on a comparable basis (non-GAAP), EPS grew by 7% to $0.84. The EPS performance was impacted by an 11-point currency headwind, while the comparable EPS (non-GAAP) included a 10-point currency headwind.

Cash Flow

Cash flow from operations for Coca-Cola Co in Q2 2024 was $4.1 billion, a decrease of $516 million compared to the previous year. This decline was largely due to higher tax payments and the cycling of working capital benefits from the prior year. Free cash flow (non-GAAP) was $3.3 billion, down by $693 million from the previous year.

Unit Case Volume

Coca-Cola Co's global unit case volume grew by 2% in the second quarter of 2024. Developed markets remained stable, while developing and emerging markets saw mid-single-digit growth, driven by strong performance in India, Brazil, and the Philippines. Sparkling soft drinks grew by 3%, with Coca-Cola Zero Sugar experiencing a 6% increase in volume.

Summarized from source with an LLMView Source

Key figures

9.87%1Y

15.7%3Y

20.4%5Y

Performance

12.2%1Y

16.0%3Y

20.8%5Y

Volatility