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Jul 01, 2022
Coca-Cola Q2 2022 Earnings Report
Demonstrated resilience amidst ongoing global challenges.
Key Takeaways
Coca-Cola reported strong Q2 2022 results with net revenues growing by 12% to $11.3 billion and organic revenues growing by 16%. EPS declined 28% to $0.44, while comparable EPS grew 4% to $0.70.
Net revenues grew 12% to $11.3 billion, and organic revenues (non-GAAP) grew 16%.
EPS declined 28% to $0.44, and comparable EPS (non-GAAP) grew 4% to $0.70.
Unit case volume grew 8%, with broad-based growth across all operating segments.
The company gained value share in total nonalcoholic ready-to-drink (NARTD) beverages.
Revenue by Geographic Location
Forward Guidance
The company expects to deliver organic revenue (non-GAAP) growth of 12% to 13%. The company expects to deliver comparable currency neutral EPS (non-GAAP) growth of 14% to 15% and comparable EPS (non-GAAP) growth of 5% to 6%, versus $2.32 in 2021.
Positive Outlook
- Organic revenue (non-GAAP) growth of 12% to 13%.
- Comparable net revenues (non-GAAP) are expected to include a 2% tailwind from acquisitions and divestitures.
- The company’s underlying effective tax rate (non-GAAP) is estimated to be 19.5%.
- Comparable currency neutral EPS (non-GAAP) growth of 14% to 15%.
- The company expects to generate free cash flow (non-GAAP) of approximately $10.5 billion through cash flow from operations of approximately $12.0 billion, less capital expenditures of approximately $1.5 billion.
Challenges Ahead
- 1% impact to unit case volume due to suspension of business in Russia.
- 1% to 2% impact to net revenues and operating income due to suspension of business in Russia.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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