Coca-Cola non-GAAP EPS of $0.84 beats by $0.03, revenue of $12.4B beats by $650M

Coca-Cola Press Release (NYSE:KO): Second-quarter non-GAAP EPS of $0.84 is above $0.03.

Sales of 12.4 billion dollars (up 3.3% from the same period last year) are 0.6 billion 50 million dollars higher.

Earnings results include a 9% increase in price/mix and a 6% increase in concentrate sales. Concentrate sales exceeded unit case sales by 4 points, mainly due to the timing of concentrate shipments.

Global unit case sales increased by 2%

prospects

We anticipate an increase in existing business sales (non-GAAP standards) of 9% to 10%. This consists of the high-end operating results of our long-term growth model and the effects of anticipated price fluctuations in many markets hit by intense inflation.

Comparable exchange-neutral EPS (non-GAAP standards) is expected to grow 13% to 15%.

Comparable EPS (non-GAAP standards) for 2023 is expected to grow 5% to 6% ($2.69).

It is estimated that capital expenditure of approximately 2.2 billion dollars will be deducted from operating cash flow of approximately 11.4 billion dollars to generate free cash flow (non-GAAP standard) of approximately 9.2 billion dollars.