Coca-Cola (KO) raises 2024 guidance, Q2 earnings and revenue tops estimates

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Coca-Cola Reports Second Quarter 2024 Results and Raises Full-Year Guidance

July 23, 2024 6:55 AM EDT

Global Unit Case Volume Grew 2%

Net Revenues Grew 3%;
Organic Revenues (Non-GAAP) Grew 15%

Operating Income Grew 10%;
Comparable Currency Neutral Operating Income (Non-GAAP) Grew 18%

Operating Margin Was 21.3% Versus 20.1% in the Prior Year;
Comparable Operating Margin (Non-GAAP) Was 32.8% Versus 31.6% in the Prior Year

EPS Declined 5% to $0.56; Comparable EPS (Non-GAAP) Grew 7% to $0.84

ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported second quarter 2024 results that demonstrate continued momentum in an industry with many growth opportunities. We are encouraged with our second quarter... More