2024-04-30 13:01:08 ET
The Coca-Cola Company (KO)
Q1 2024 Earnings Conference Call
April 30, 2024 08:30 a.m. ET
Company Participants
James Quincey - Chairman, Chief Executive Officer
John Murphy - President, Chief Financial Officer
Robin Halpern - Vice President, Head of Investor Relations
Conference Call Participants
Bryan Spillane - Bank of America
Dara Mohsenian - Morgan Stanley
Lauren Lieberman - Barclays
Steve Powers - Deutsche Bank
Bonnie Herzog - Goldman Sachs
Andrea Teixeira - JPMorgan
Chris Carey - Wells Fargo Securities
Filippo Falorni - Citi
Peter Grom - UBS
Bill Chappell - Truist Securities
Carlos Laboy - HSBC
Robert Moskow - TD Cowen
Rob Ottenstein - Evercore ISI
Callum Elliott - Bernstein
Brett Cooper - Consumer Edge Research
Presentation
Operator
At this time, I'd like to welcome everyone to The Coca-Cola Company's First Quarter 2024 Earnings Results Conference Call. Today's call is being recorded. If you have any objections, please disconnect at this time. All participants will be on listen only mode until the formal question-and-answer portion of the call.
I would like to remind everyone that the purpose of this conference is to talk with investors and therefore questions from the media will not be addressed. Media participants should contact Coca-Cola's Media Relations Department if they have any questions.
I would now like to introduce Ms. Robin Halpern, Vice President and Head of Investor Relations. Ms. Halpern, you may now begin.
Robin Halpern
Good morning. And thank you for joining us. I'm here with James Quincey, our Chairman and Chief Executive Officer; and John Murphy, our President and Chief Financial Officer. We've posted schedules under financial information in the Investors section of our company website. These reconcile certain non-GAAP financial measures that may be referred to this morning to results as reported under generally accepted accounting principles. You can also find schedules in the same section of our website that provide an analysis of our growth and operating margins.
This call may contain forward-looking statements, including statements concerning long-term earnings objectives, which should be considered in conjunction with cautionary statements contained in our earnings release and in the company's periodic SEC report. Following prepared remarks, we will take your questions. Please limit yourself to one question. Re-enter the queue to ask any follow-up.
Now I will turn the call over to James.
James Quincey
Thanks, Robin, and good morning everyone. We're off to a good start this year as our first quarter results continue the momentum we've been building by executing our all-weather strategy. The operating backdrop differed greatly across our markets once again, but our powerful portfolio, coupled with our systems capabilities, equip us with the agility we need to deliver on our 2024 guidance, which we are updating today.
This morning I'll discuss the drivers in the quarter and how we used our scale and growth mind-set to deliver these strong results. Then I'll highlight how we continue to meet consumer needs and grow our total beverage portfolio. Finally, John will discuss our financial results and updated 2024 guidance....
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The Coca-Cola Company (KO) Q1 2024 Earnings Call Transcript