Coca-Cola Q3 Earnings: EPS Beat, Pricing Growth Offset By Volume Decline, Sees 10% Q4 Organic Revenue Growth
Portfolio Pulse from Vandana Singh
Coca-Cola reported a Q3 2024 sales decline of 1% to $11.9 billion, beating estimates. Despite a 10% price/mix growth, volume declined by 1%. Adjusted EPS was $0.77, surpassing expectations. The company forecasts 10% organic revenue growth for Q4, with currency and structural headwinds anticipated.
October 23, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Coca-Cola's Q3 earnings beat expectations with $11.9B in sales and $0.77 EPS. Despite a 1% decline in volume, price/mix growth was strong. The company forecasts 10% organic revenue growth for Q4, but anticipates currency and structural headwinds.
Coca-Cola's earnings beat expectations, which is typically positive for stock prices. The company's strong price/mix growth and positive Q4 revenue forecast are encouraging, though potential headwinds from currency and structural changes could impact future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100