Coca-Cola (NYSE:KO) First Quarter 2024 Results

Key Financial Results

• Revenue: US$11.3b (up 2.9% from 1Q 2023).
• Net income: US$3.18b (up 2.3% from 1Q 2023).
• Profit margin: 28% (in line with 1Q 2023).
• EPS: US$0.74 (up from US$0.72 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coca-Cola Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Coca-Cola.

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