Coca-Cola (NYSE:KO) Full Year 2023 Results

Key Financial Results

• Revenue: US$45.8b (up 6.4% from FY 2022).
• Net income: US$10.7b (up 12% from FY 2022).
• Profit margin: 23% (up from 22% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: US$2.48 (up from US$2.21 in FY 2022).

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

Coca-Cola Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 3.8% 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 shares are down 1.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Coca-Cola you should be aware of.

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