On Tuesday, Coca-Cola Company KO reported second-quarter FY24 sales growth of 3% year-on-year to $12.4 billion, beating the analyst consensus estimate of $11.753 billion.
The Home Depot is a retail juggernaut with room to grow. Coca-Cola can grow in a variety of ways.
Coca-Cola beat analyst estimates and raised revenue targets in the second quarter of 2024. The diet-friendly Coca-Cola Zero Sugar product line saw 20% year-over-year volume growth.
Coca-Cola generates stable sales and earnings growth. It's countering inflation by trimming its workforce and raising prices.
Some diners are eating out less often — and it's hitting Coca-Cola's sales in North America. There's been "some softness in away-from-home channels," CEO James Quincey told investors.
The Coca-Cola Company delivered a strong Q2 overall, with healthy revenue and profit growth. Notably, operating margin and asset turnover rates both hover around multi-year peak levels. I see a well-rounded combination here, especially for income investors, with resilient profitability, consistent dividends, and reasonable total return potential.
Consumer caution does not seem to be hurting the Coca-Cola Company. The food and beverage giant released earnings Tuesday (July 23) showing its organic revenues growing 15%, with management still acknowledging some signs of consumer hesitancy.
U.S. stocks traded slightly higher toward the end of trading, with the Dow Jones gaining by more than 50 points on Tuesday.
The Coca-Cola Company (NYSE:KO ) Q2 2024 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Robin Halpern - VP, Head of IR James Quincey - Chairman and CEO John Murphy - President and CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Lauren Lieberman - Barclays Bryan Spillane - Bank of America Bonnie Herzog - Goldman Sachs Stephen Powers - Deutsche Bank Filippo Falorni - Citi Chris Carey - Wells Fargo Securities Andrea Teixeira - JPMorgan Kaumil Gajrawala - Jefferies Rob Ottenstein - Evercore ISI Peter Grom - UBS Charlie Higgs - Redburn Kevin Grundy - BNP Paribas Robert Moskow - TD Cowen Operator At this time, I'd like to welcome everyone to the Coca-Cola Company's Second Quarter 2024 Earnings Results Conference Call. Today's call is being recorded.
Coca-Cola's (KO) Q2 results highlight the benefits of an enhanced price/mix and rising concentrate sales, driven by regional growth and improved margins boosting profits.
Shares of Coca-Cola (KO) advanced Tuesday as the world's biggest soft-drink maker posted better-than-expected results and raised its outlook on higher demand and prices.
The headline numbers for Coca-Cola (KO) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.