Coca-Cola Sees Q3 Organic Revenue Growth

Coca-Cola reported a 9% growth in organic revenues in Q3 2024, despite a 1% drop in reported net revenue to $11.9 billion due to currency headwinds and operational expenses. Its adjusted earnings per share (EPS) rose to $0.77, slightly exceeding analyst expectations, although reported EPS declined to $0.66. The company has managed to offset lower sales volumes with strategic price increases, continuing a trend since late 2020. Despite the positive results, Coca-Cola faces challenges such as consumer spending shifts and unfavorable commodity costs, prompting further price adjustments. The company remains focused on leveraging its strong brand portfolio, strategic bottler partnerships, and innovative marketing to maintain its market position. Analysts expect a slowdown in growth internationally as consumers make trade-offs in their spending patterns amid economic pressures.