On July 23, 2024, The Coca-Cola Company reported its financial results for the second quarter of 2024, revealing a positive performance with a 3% growth in net revenues to $12.4 billion, and a 15% increase in organic revenues. Operating income saw a 10% rise, while comparable currency neutral operating income grew by 18%. Despite a 5% decline in EPS to $0.56, comparable EPS grew by 7% to $0.84. The company also raised its full-year guidance, reflecting confidence in its strategic initiatives and market execution. Global unit case volume increased by 2%, with notable growth in price/mix and concentrate sales. The company gained market share in the nonalcoholic ready-to-drink (NARTD) beverages sector and continued to innovate with marketing campaigns and new product launches, including a special Powerade flavor for...Show More

On July 23, 2024, The Coca-Cola Company reported its financial results for the second quarter of 2024, revealing a positive performance with a 3% growth in net revenues to $12.4 billion, and a 15% increase in organic revenues. Operating income saw a 10% rise, while comparable currency neutral operating income grew by 18%. Despite a 5% decline in EPS to $0.56, comparable EPS grew by 7% to $0.84. The company also raised its full-year guidance, reflecting confidence in its strategic initiatives and market execution. Global unit case volume increased by 2%, with notable growth in price/mix and concentrate sales. The company gained market share in the nonalcoholic ready-to-drink (NARTD) beverages sector and continued to innovate with marketing campaigns and new product launches, including a special Powerade flavor for the Olympic and Paralympic Games. However, cash flow from operations saw a decrease compared to the previous year, attributed to higher tax payments and cycling working capital benefits. Coca-Cola's financial outlook for the full year of 2024 anticipates organic revenue growth of 9% to 10%, with a currency headwind impact on comparable net revenues and EPS. The company expects to generate free cash flow of approximately $9.2 billion.