Coca-Cola: Adjusted EPS up 7% in Q1
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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