At Extreme Investor Network, we bring you the latest news and updates on businesses that matter most to investors. Today, we’re diving into the recent quarterly earnings report from Coca-Cola, one of the world’s most iconic brands.
Coca-Cola has once again proven its resilience in the face of challenges, reporting quarterly earnings and revenue that exceeded analysts’ expectations. While demand may have been sluggish, the company managed to offset this with higher prices, leading to a positive outcome for shareholders.
Key highlights from the report include:
– Earnings per share: Adjusted earnings came in at 77 cents versus the expected 74 cents.
– Revenue: Adjusted revenue reached $11.95 billion, surpassing the anticipated $11.60 billion.
Despite a slight dip in net income compared to the previous year, Coca-Cola’s organic revenue saw a significant boost of 9% during the quarter. Looking ahead to 2024, the company is optimistic about its growth prospects, expecting organic revenue to increase by approximately 10%.
However, it’s not all smooth sailing for Coca-Cola as they anticipate currency fluctuations to impact their results in the coming year. The company is bracing for a low-single digit headwind for comparable revenue and a mid-single digit headwind for earnings per share in 2025.
Stay tuned for more updates on Coca-Cola and other major companies making waves in the corporate world. For exclusive insights and analysis, make sure to visit Extreme Investor Network regularly. Our team of experts is dedicated to bringing you the latest information and trends that can help you make informed investment decisions.