Coca-Cola reports operating sales of $11.3 billion for the 1st quarter, up 3% (+11% organic).
At the same time, operating income contracted by 36% to $2,141 million, but net income, Group share, rose by 2% to $3,177 million.
EPS was up 3% to $0.74 (and +7% for adjusted EPS, to $0.72).
Against this backdrop, the company expects to generate organic (non-GAAP) sales growth of 8% to 9% in 2024. The company expects comparable (non-GAAP) EPS growth of 4% to 5%.
' We are encouraged by our start to 2024, which generated another quarter of volume, sales and profit growth in a dynamic environment,' said James Quincey, Chairman and CEO of The Coca-Cola Company. ''We believe our global system is poised for sustained success, with the right strategies, clear alignment, a powerful portfolio and solid execution.''
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The Coca-Cola Company is the world's leader in the production and marketing of non-alcoholic beverages. Net sales break down by activity as follows:
- sale of beverage concentrates and syrups (56%);
- bottling and sale of beverages (44%): sodas, fruit juices, tea-based beverages, water, etc. marketed under the following brands: Coca-Cola, Diet Coke, Fanta, Fresca, Schweppes Sprite, Thums Up, Aquarius, Ciel, Dasani, AdeS, Del Valle, fairlife, innocent, Minute Maid, etc.
At the end of 2022, the group had over 133 production sites worldwide.
64.2% of net sales are abroad.
THE COCA-COLA COMPANY 
