Coca-Cola tops earnings estimates, hikes full-year outlook as global demand rises

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 72%

Breaking News: Earnings 뉴스

Markets,Breaking News: Markets,Food And Drink

Coke beat earnings estimates and raised its outlook, as volume grew globally.

Unit case volume grew globally, but dipped slightly in North America.For 2024, Coke now expects organic revenue growth of 9% to 10%, up from its prior forecast of 8% to 9%. The company also raised its outlook for comparable earnings growth to a range of 5% to 6% from a previous range of 4% to 5%.Revenue: $12.36 billion versus $11.76 billion expected

Excluding restructuring costs, charges related to the value of the Fairlife milk brand and other items, the beverage giant earned 84 cents per share.rose 3% to $12.36 billion. Organic revenue, which strips out acquisitions, divestitures and foreign currency, climbed 15% in the quarter. But in North America, volume fell 1% for the quarter. Coke said North American volume declined for its water, sports, coffee tea, trademark Coca-Cola and other soda brands, offsetting growth for its juice, dairy and plant-based beverages. Coke's rival

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인