KO - Coca-Cola's Bottom Line Bubbles Up Company Raises FY24 Revenue Projections | Benzinga
Coca-Cola Company (NYSE:KO) reported first-quarter FY24 sales growth of 3% year-on-year to $11.3 billion, beating the analyst consensus estimate of $11.01 billion.
Revenue performance included a 2% decline in concentrate sales and a 13% growth in price/mix. Unit case volume grew 1% in the quarter. Organic revenues increased 11%.
Coca-Cola’s organic revenue in Europe, Middle East and Africa rose 15% in the first quarter, while in North America, it increased 7%.
Gross profit rose 6% to $7.065 billion with a ...