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Coca-Cola KO Q3 2024 earnings

Reported October 23, 2024 · Before market open

Revenue$11.9BBeat by $243.8M
EPS$0.77Beat by $0.03
Revenue estimate$11.6B
EPS estimate$0.74

Next report

Oct 27, 2026 (In 2 weeks)
Revenue estimate$12.9B
EPS estimate$0.88

Financials

Q3 2024

Income statement

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Revenue$11.9B-0.8%
Gross profit$7.2B-1.5%
Operating income$2.5B-23.2%
Net income$2.8B-7.7%
EPS (diluted)$0.66-7.0%

Balance sheet

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Cash & equivalents$14.2B+16.0%
Total debt$45.9B+26.5%
Total equity$26.5B+0.7%
Total assets$106.27B+8.9%

Cash flow

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CapEx$469.0M+21.5%

Valuation & ratios

Valuation

as of 09/27/24
See full
Market cap$309.79B+28.2%
Enterprise value$341.51B+28.5%
P/E29.8×+7.3×
P/S6.7×+1.3×

Profitability

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Gross margin60.4%+1.3pp
Operating margin20.6%-4.1pp
Net margin22.4%-1.5pp

Returns & leverage

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Return on equity39.4%-4.5pp
Debt / equity1.7×+0.4×
Current ratio1.1×-0.1×

Segments

By segment

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North America$5.0B+11.7%
EMEA$2.0B-7.2%
Latin America$1.6B+4.1%
Bottling investments$1.3B-29.2%

By product

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Concentrate operations$7.1B-2.1%
Finished product operations$4.8B+1.2%

FAQ

When did Coca-Cola report Q3 2024 earnings?
Coca-Cola (KO) reported Q3 2024 earnings on October 23, 2024 before market open.
What were Coca-Cola's Q3 2024 revenue and EPS?
Coca-Cola reported revenue of $11.9B and eps of $0.77 for Q3 2024.
Did Coca-Cola beat estimates in Q3 2024?
Revenue beat the consensus estimate of $11.6B by $243.8M. EPS beat the consensus estimate of $0.74 by $0.03.
Where can I find Coca-Cola's Q3 2024 SEC filings?
You can read the 8-K earnings release (0000021344-24-000056) and the 10-Q periodic report (0000021344-24-000060) directly on SEC EDGAR. The filing index links above go to sec.gov.