Coca-Cola Beats Expectations with Strong Q3 Revenue Gains
Coca-Cola has reported strong Q3 earnings, surpassing analyst expectations with a 5% rise in net revenues and a 59% increase in operating income.
CEO James Quincey attributes the success to strategic flexibility and investment in growth, highlighting the company's focus on diversification and health-conscious product innovation.
- Net revenues: $12.5bn (€10.7bn), up 5% on Q2
- Organic revenues (non-GAAP): up 6% on the previous quarter, exceeding expectations of 4.6%
- Operating income: grew by 59%
- Operating margin: rose to 32% from 21.2% on the previous year
The company's growth was celebrated by CEO James Quincey, noting the "challenging" overall environment.
Author's summary: Coca-Cola's Q3 earnings exceeded expectations.
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