Coca-Cola's Recipe for Growth: What to Watch for in 2024
Coca-Cola (NYSE: KO), a household name synonymous with soft drinks, is a global beverage powerhouse with a diverse portfolio of sparkling soft drinks, water, sports drinks, and juices. The company generates revenue through its vast distribution network, selling concentrates and syrups to bottling partners and directly to retailers. In a rapidly evolving beverage industry, Coca-Cola continues to adapt, innovate, and grow. On the threshold to 2024, let's dive into what makes Coca-Cola tick and why it's a stock to watch.
Coca-Cola's financials for the third quarter of 2023 reflect a company in robust health. The company's net revenues increased by 8% to $12 billion, a significant achievement in a fluctuating global market. The 11% growth in organic revenues is particularly noteworthy, indicating a strong core business performance.
Coca-Cola's earnings per share (EPS) delivered a commendable uptick, growing 9% to $0.71 in the recent quarter. This growth in EPS is a sign of the company's increasing profitability, hinting at a brighter horizon for shareholder value and dividends. While Coca-Cola's operating margin, at 27.4%, is slightly lower than last year's, it still reflects the company's strengths in cost management and strategic marketing investments.
Source Fool.com
