Overview

* Coca-Cola Q3 revenue grows 5%, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, growing 6% to $0.82

* Operating income increased 59%, driven by organic revenue growth and cost management

Outlook

* Coca-Cola expects 2025 organic revenue growth (non-gaap) of 5% to 6%

* 2025 comparable EPS growth expected at approximately 3% versus $2.88 in 2024

* Free cash flow excluding fairlife contingent consideration payment expected at least $9.8 bln in 2025

Result Drivers

* PRICE/MIX GROWTH - Revenue growth supported by 6% increase in price/mix, driven by pricing actions and favorable mix

* COST MANAGEMENT - Operating income growth driven by effective cost management and organic revenue growth, despite increased marketing investments

* BEVERAGE CATEGORY PERFORMANCE - Growth in Coca-Cola Zero Sugar and sports drinks, while juice and plant-based beverages declined

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $12.5 $12.39

Revenue bln bln (15

Analysts

)

Q3 Beat $0.82 $0.77

Adjusted (15

EPS Analysts

)

Q3 EPS $0.86

Q3 32%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-alcoholic beverages peer group is "hold."

* Wall Street's median 12-month price target for Coca-Cola Co ( KO ) is $78.00, about 12.3% above its October 20 closing price of $68.44

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)