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%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are up 7.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Coca-Cola has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.