Coca-Cola (KO) Tops Q1 EPS by 2c

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Go back to Coca-Cola (KO) Tops Q1 EPS by 2c

Coca-Cola (KO) Q1 earnings and revenue surpasses analyst consensus expectations

April 30, 2024 7:02 AM EDT

(Updated - April 30, 2024 10:39 AM EDT)

Coca-Cola (NYSE: KO) has reported a positive start to 2024, with its first-quarter earnings and revenue surpassing analyst expectations. The beverage giant announced adjusted earnings per share (EPS) of $0.72, edging out the consensus estimate of $0.70. Revenue for the quarter also exceeded forecasts, coming in at $11.3 billion against the anticipated $11.02 billion.

The company's net revenues grew by 3% compared to the same quarter last year, while organic revenues, which exclude the impact of currency fluctuations, acquisitions, and divestitures, saw an impressive 11% increase. This growth was attributed to a 13%... More