Coca-Cola reported third-quarter revenue of $13.4 billion, up 7%, with organic revenue also up 7% and adjusted earnings per share of $0.91, up 11%. Global unit case volume rose 5%, driven mainly by Latin America, Asia Pacific and Europe, Middle East and Africa, while North American volume was flat and shares were down 1% in early afternoon trading. In North America, gains in Coca-Cola's trademark products were offset by declines in water, sports drinks, coffee and tea. Operating margin expanded to 33.4% from 32%, free cash flow reached $11.4 billion for the first nine months, and the company raised its full-year free cash flow forecast to at least $13 billion. The article suggests North America needs attention, even as international markets continue to support growth.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Coca-Cola Organic Revenue Jumps 7% Despite Flat North America Volumes. Here’s What Investors Need to Know.
Read the original on Yahoo Finance ↗
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