Coca-Cola Q3 Comparable Operating Margin (Non-GAAP) Was 29.7% Versus 29.5% In Prior Year
Portfolio Pulse from Benzinga Newsdesk
Coca-Cola's Q3 comparable operating margin (non-GAAP) was 29.7%, slightly higher than the 29.5% reported in the same period last year.
October 24, 2023 | 10:58 am
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Coca-Cola's Q3 comparable operating margin (non-GAAP) increased to 29.7% from 29.5% in the same period last year, indicating a slight improvement in profitability.
The increase in Coca-Cola's comparable operating margin indicates a slight improvement in the company's profitability. This could potentially have a positive impact on the company's stock price in the short term as it shows the company is able to maintain or improve its profit margins despite any potential challenges.
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