Coca-Cola

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month price target by $2 to $68, based on a ’25 P/E of 22.7x, a discount to KO’s 5-year average forward P/E of 24.5x. We maintain our adjusted EPS estimates of $2.85 for ’24 and $3.00 for ’25. KO posts Q1 adjusted EPS of $0.72 vs. $0.68 (+7%), two cents ahead of consensus. The beat was driven by stronger-than-expected sales and margins, as revenue rose 3% to $11.3B ($330M ahead of consensus), driven by price/mix (+13%), partially offset by currency (-6%), concentrate sales (-2%), and other net changes (-2%). Gross margin expanded 180 bps to 62.5% (130 bps above consensus). KO maintained 2024 adjusted EPS growth guidance of 4%-5%, implying EPS of $2.80-$2.82 (current consensus = $2.81). We think the strong results should alleviate […]

Coca-Cola is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The soft-drinks maker posted first-quarter profit and revenue that topped expectations and raised its full-year revenue forecast on higher prices. Dow Jones & Co. owns Factiva.

The following is a summary of the The Coca-Cola Company (KO) Q1 2024 Earnings Call Transcript: Financial Performance: Coca-Cola posted Q1 organic revenue growth of 11% and a unit case growth of 1%. Pricing actions and inflationary pricing contributed to a 13% price mix growth. This led to a Q1 comparable EPS of $0.72, showing a 7% YoY increase. Despite facing 9% currency headwinds, the company delivered a 7% comparable earnings growth. The free cash flow for Q1 amounted to $160 million. 2024 guidance predicts an organic revenue growth of 8-9% and a comparable EPS growth of 11-13% currency-neutral. Business Progress: Coca-Cola reported growth across various regions like China, Japan, South Korea, and the Philippines and expects to see continued strong performance in India. The Coca-Cola brand had a broad-based success, and they have updated the formulas of their other popular drinks like Fanta and Sprite. The company is putting

By Evie Liu Challenges are mounting for Coca- Cola, so Wall Street analysts have penciled in slower profit growth as they await its quarterly earnings, due before the market opens on Tuesday. The consensus call among analysts tracked by FactSet is that the soft–drink company will report earnings of 70 cents a share from $11 billion in sales for the first three months of 2024. That would amount to growth of 3% from a year earlier for profit and a gain of 0.4% for sales, compared with respective increases of 9% and 7% in the previous quarter. As inflation has lifted Coca-Cola’s expenses over the past two years, the company has managed to pass most of those costs on to consumers without losing much business. In 2023, sales volume increased 2% from 2022, even as the company increased prices by 10%. As inflation cools down, however, higher pricing will become

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

The following is a summary of the The Coca-Cola Company (KO) Q4 2023 Earnings Call Transcript: Financial Performance: Coca-Cola posted an 8% increase in comparable EPS for 2023, despite a 7% setback due to unforeseen currency fluctuations. The company saw a 12% revenue growth, driven partly by 2 points of volume growth, indicating a continued positive volume trend throughout the year. Despite rising inflation and geopolitical challenges in some markets, Coca-Cola showed strong performance across various regions, with the Coke brand value seeing a $8 billion increase. In Q4, the company grew its organic revenues by 12%, with a positive unit case growth seen in all quarters of 2023. Free cash flow showed an increase from the previous year, reaching $9.7 billion in 2023. Business Progress: Coca-Cola successfully transitioned its marketing model from a TV-centric approach to a digital focus, with digital making up about 60% of total media spending.

The latest earnings reports from Coca Cola Company (NYSE:KO) and Pepsi Co (NASDAQ:PEP) reflected a resilientUS consumer, however with changing habits. As for Coca Cola, its earnings were in line with analyst estimates while sales surpassed analyst expectations. Pepsi Is Facing A Slowdown Across Categories Pepsi reported its North America sales slipped about 3.5% during the last quarter of 2023 as consumers were put off by higher prices. In addition to falling North America sales, global revenues were down 0.5% YoY to $27.85 billion. In response, Pepsi lowered its guidance but remained optimistic about 2024 due to optimizing its portfolio by no longer selling unprofitable brands. Coca Cola’s Fourth Quarter Highlights For the three months ended on December 31st, Coca Cola reported that revenue grew 7% to $10.85 billion, surpassing LSEG’s estimate of $10.68 billion. Fourth quarter net income dropped from $2.03 billion, or 47 cents per share Coca Cola