Loading...
•
Jun 28, 2024
Coca-Cola Q2 2024 Earnings Report
Coca-Cola experienced solid topline and operating income growth amidst an evolving landscape.
Key Takeaways
Coca-Cola reported a 3% increase in net revenues to $12.4 billion and a 15% increase in organic revenues (non-GAAP). EPS decreased by 5% to $0.56, while comparable EPS (non-GAAP) grew by 7% to $0.84. The company raised its full-year guidance, reflecting confidence in its all-weather strategy.
Net revenues grew by 3%, reaching $12.4 billion, while organic revenues (non-GAAP) increased by 15%.
Operating income grew by 10%, and comparable currency neutral operating income (non-GAAP) increased by 18%.
EPS declined by 5% to $0.56, but comparable EPS (non-GAAP) grew by 7% to $0.84.
The company gained value share in total nonalcoholic ready-to-drink (NARTD) beverages.
Coca-Cola
Coca-Cola
Coca-Cola Revenue by Geographic Location
Revenue by Geographic Location
EMEA Revenue
CapyFin.comLatin America Revenue
CapyFin.comNorth America Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comBottling Revenue
CapyFin.com Forward Guidance
The company expects to deliver organic revenue (non-GAAP) growth of 9% to 10%. Comparable EPS (non-GAAP) growth of 5% to 6%, versus $2.69 in 2023. The company expects to generate free cash flow (non-GAAP) of approximately $9.2 billion.
Positive Outlook
- Organic revenue (non-GAAP) growth of 9% to 10%
- Comparable net revenues (non-GAAP) currency headwind of 5% to 6%
- Comparable EPS (non-GAAP) currency headwind of 8% to 9%
- Comparable net revenues (non-GAAP) headwind from acquisitions, divestitures and structural changes of 4% to 5%
- Comparable EPS (non-GAAP) headwind from acquisitions, divestitures and structural changes of 1% to 2%
Challenges Ahead
- Comparable net revenues (non-GAAP) are expected to include an approximate 4% currency headwind
- Comparable net revenues (non-GAAP) are expected to include a 4% to 5% headwind from acquisitions, divestitures and structural changes.
- Comparable EPS (non-GAAP) percentage growth is expected to include an approximate 8% currency headwind
- Comparable EPS (non-GAAP) is expected to include a 1% to 2% headwind from acquisitions, divestitures and structural changes.
- Underlying effective tax rate (non-GAAP) is estimated to be 19.0%
Revenue & Expenses
Visualization of income flow from segment revenue to net income