The Coca-Cola Company (NYSE: KO) reported third quarter 2023 earnings results today.
Net revenues grew 8% year-over-year to $12 billion. Organic revenues grew 11%.
Net income attributable to shareowners of The Coca-Cola Company rose 9% to $3 billion, or $0.71 per share, compared to last year. Comparable EPS grew 7% to $0.74.
Revenue and earnings beat expectations, sending the stock up over 2% in premarket hours on Tuesday.
The company raised its guidance for the full year of 2023 and now expects organic revenue growth of 10-11% and comparable EPS growth of 7-8%.