Coca-Cola Sees FY24 Organic Revenue Growth Of 8-9%, Expects To Generate Free Cash Flow Of ~$9.2B Through Cash Flow From Operations Of $11.4B, Less Capex Of $2.2B
Portfolio Pulse from Benzinga Newsdesk
Coca-Cola projects an 8-9% increase in FY24 organic revenue growth and anticipates generating approximately $9.2 billion in free cash flow, derived from $11.4 billion in cash flow from operations, after accounting for $2.2 billion in capital expenditures.
April 30, 2024 | 10:58 am
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Coca-Cola anticipates an 8-9% organic revenue growth for FY24 and expects to generate around $9.2 billion in free cash flow.
Coca-Cola's projection of 8-9% organic revenue growth for FY24 is a positive signal for investors, indicating expected growth and financial health. The anticipated free cash flow of approximately $9.2 billion, after accounting for capital expenditures, suggests efficient operations and the potential for shareholder returns. This forecast could lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100