Categories AlphaGraphs, Consumer, Earnings
KO Earnings: Coca-Cola Q4 profit rises and meets Street view; revenue up 7%
Soft drink giant The Coca-Cola Company (NYSE: KO) reported an increase in adjusted earnings for the fourth quarter of 2023. Earnings matched analysts’ estimates, while revenues beat.
Earnings, adjusted for special items, advanced to $0.49 per share in the December quarter from $0.45 per share a year earlier and matched expectations. Net income attributable to shareowners, on an unadjusted basis, declined modestly to $1.97 billion or $0.46 per share in Q4 from $2.03 billion or $0.47 per share in the year-ago period.
The increase in adjusted profit reflects a 7% growth in revenues to $10.85 billion. Analysts were looking for a smaller top-line growth.
“As we begin a new year, we’re confident that our all-weather strategy, powerful portfolio, and harmonized system will continue to create value for our stakeholders in 2024 and for the long term,” said Coca-Cola’s CEO James Quincey.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
MU Earnings: Micron Q2 profit jumps on higher revenues, tops expectations
Semiconductor company Micron Technology Inc. (NASDAQ: MU) Thursday reported a sharp increase in revenues and earnings for the second quarter of 2025. Earnings also surpassed Wall Street's forecasts. The Idaho-headquartered
Darden Restaurants sees growth in FY25 and beyond amid menu, tech Innovations
Darden Restaurants, Inc. (NYSE: DRI) has successfully navigated the challenging market environment by constantly innovating its menu offerings and fostering customer loyalty. In the third quarter, sales and profit margin
What to look for when McCormick & Company (MKC) reports Q1 2025 earnings
Shares of McCormick & Company, Incorporated (NYSE: MKC) were down 1% on Thursday. The stock has gained 5% year-to-date. The spice giant is slated to report its first quarter 2025 earnings results
