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The Coca-Cola Company logoThe Coca-Cola Company KO

The company said its Q2 2024 net revenues grew 3% to $12.4 billion. It said organic revenues (non-GAAP) grew 15%, including 9% growth in price/mix and 6% growth in concentrate sales.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its Q2 2024 net revenues grew 3% to $12.4 billion. It said organic revenues (non-GAAP) grew 15%, including 9% growth in price/mix and 6% growth in concentrate sales.

  2. The company said operating income for Q2 rose 10% to $2,632 million. It said EPS fell 5% to $0.56, while comparable EPS (non-GAAP) grew 7% to $0.84.

  3. Coca-Cola said in 2024 its operating cash flow for the 6 months was $4,113 million, down $516 million from a year earlier, and its free cash flow (non-GAAP) was $3,321 million, down $693 million.

  4. The company said it expects organic revenue (non-GAAP) growth of 9% to 10% for full-year 2024, an update to its prior outlook. It said it expects comparable EPS (non-GAAP) growth of 5% to 6% versus $2.69 in 2023.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Net Revenues Up 3%; Organic Revenues Up 15%

The company said its Q2 2024 net revenues grew 3% to $12.4 billion. It said organic revenues (non-GAAP) grew 15%, including 9% growth in price/mix and 6% growth in concentrate sales.

Source · Based on the filing body and exhibits

Q2 Operating Income Up 10%; EPS Down 5%

The company said operating income for Q2 rose 10% to $2,632 million. It said EPS fell 5% to $0.56, while comparable EPS (non-GAAP) grew 7% to $0.84.

Source · Based on the filing body and exhibits

6-Month Operating Cash Flow and Free Cash Flow Decline

Coca-Cola said in 2024 its operating cash flow for the 6 months was $4,113 million, down $516 million from a year earlier, and its free cash flow (non-GAAP) was $3,321 million, down $693 million.

Source · Based on the filing body and exhibits

Organic Revenue Outlook Updated to 9% to 10% for Full Year

The company said it expects organic revenue (non-GAAP) growth of 9% to 10% for full-year 2024, an update to its prior outlook. It said it expects comparable EPS (non-GAAP) growth of 5% to 6% versus $2.69 in 2023.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.