Coca-Cola: raises targets again for 2023

(CercleFinance.com) - On its Q3 earnings call, Coca-Cola has again raised its annual targets, now aiming for comparable EPS growth of 7% to 8% (instead of 5% to 6%) and organic sales growth of 10% to 11% (instead of 8% to 9%).


In Q3 2023, comparable EPS (non-GAAP) rose by 7% to $0.74, with a non-GAAP operating margin improving to 29.7%, compared with 29.5% in the same period last year.

At $12bn, the soft drinks giant's revenues rose by 8%, with organic growth of 11%, driven mainly by price and mix effects (9%).


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