Coca-Cola Non-GAAP EPS of $0.77 beats by $0.02, revenue of $11.9B beats by $290M
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1 month ago
- Coca-Cola press release (NYSE:KO): Q3 Non-GAAP EPS of $0.77 beats by $0.02.
- Revenue of $11.9B (-0.8% Y/Y) beats by $290M. Organic Revenues (Non-GAAP) Grew 9%
- Revenue performance included 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.
- Shares +0.5% PM.
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Full Year 2024
- For comparable net revenues (non-GAAP), the company expects a 4% to 5% headwind from acquisitions, divestitures and structural changes. Comparable EPS (non-GAAP) is expected to include a 1% to 2% headwind from acquisitions, divestitures and structural changes. — No Update
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The company expects to deliver comparable currency neutral EPS (non-GAAP) growth of 14% to 15%. — Updated
The company expects comparable EPS (non-GAAP) growth of 5% to 6%, versus $2.69 in 2023. — No Update
- The company expects to generate free cash flow excluding the IRS tax litigation deposit (non-GAAP) of approximately $9.2 billion.
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Fourth Quarter 2024 Considerations — New
- Comparable net revenues (non-GAAP) are expected to include an approximate 4% currency headwind based on the current rates and including the impact of hedged positions, in addition to a 4% to 5% headwind from acquisitions, divestitures and structural changes.
- Full Year 2025 Considerations — New
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Comparable net revenues (non-GAAP) are expected to include a low single-digit currency headwind based on the current rates and including the impact of hedged positions.
Comparable EPS (non-GAAP) percentage growth is expected to include a mid single-digit currency headwind based on the current rates and including the impact of hedged positions.