Coca-Cola's Strong Performance: Revenue Beats, CEO Optimistic on Inflation
TL;DR Summary
Coca-Cola's Q4 non-GAAP EPS of $0.49 met expectations, with revenue of $10.8B surpassing estimates by $150M, driven by a 6.9% Y/Y growth. The company anticipates 6-7% organic revenue growth for FY2024, with an underlying effective tax rate of 19.2%. Despite potential currency headwinds and structural changes, Coca-Cola aims for 8-10% comparable currency neutral EPS growth and free cash flow of around $9.2 billion.
- Coca-Cola Non-GAAP EPS of $0.49 in-line, revenue of $10.8B beats by $150M (NYSE:KO) Seeking Alpha
- Coca-Cola revenue tops estimates on robust demand, higher prices Yahoo Finance
- Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue CNBC
- Coca-Cola’s stock gains after sales top forecasts, as prices and volume rose MarketWatch
- Coca-Cola Rises as Full-Year Outlook Beats Expectations Bloomberg
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