Coca-Cola Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Coca-Cola (NYSE:KO) Full Year 2024 Results

Key Financial Results

• Revenue: US$47.1b (up 2.9% from FY 2023).
• Net income: US$10.6b (flat on FY 2023).
• Profit margin: 23% (in line with FY 2023).
• EPS: US$2.47 (down from US$2.48 in FY 2023).

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

Coca-Cola Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.9%.

The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of US$18.6b (40% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$9.30b (51% of total expenses). Explore how KO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Coca-Cola you should be aware of, and 1 of them is a bit unpleasant.

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