Coca-Cola's official financial reports

Coca-Cola Q2 2024 Earnings: EPS $0.84 (est. $0.81), Revenue $12.4B (est. $11.77B), Raises Guidance for Organic Revenue Growth 9%-10%

Jul 23, 2024, 11:00 AM

Coca-Cola Company reported its second-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $0.84, surpassing the expected $0.81. The company's revenue for the quarter reached $12.4 billion, exceeding the anticipated $11.77 billion. Following these results, Coca-Cola raised its full-year guidance, projecting organic revenue growth of 9% to 10% and comparable EPS growth of 5% to 6%. The company's global unit case volume increased by 2%, indicating strong demand across its beverage portfolio, which includes sodas, energy drinks, and juices. The positive earnings report contributed to a rise in Coca-Cola's stock, pushing it toward a two-year high.