3Q Coca-Cola revenue declined 1% to $11.9bn, exceeding expectations despite 10% price increase and unit case volume decrease.
Coca-Cola's third-quarter revenue declined by 1% to $11.9 billion, yet it surpassed Wall Street expectations. Despite a 10% price increase due to inflation, unit case volumes fell by 1%. Demand for Coca-Cola Zero Sugar rose by 11%, while other categories saw declines. CEO James Quincey expressed confidence in long-term growth, projecting a full-year organic revenue increase of 10%. However, shares dropped 2% following the report.
October 23, 2024
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