Coca-Cola Continues to Grow, With 11% Revenue Growth in Q3

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COCA-COLA ($NYSE:KO): Coca-Cola is a global beverage giant, and its latest earnings report shows that the company is continuing to grow. This growth was driven by a 12% increase in price/mix and a 4% increase in concentrate sales. Organic sales, which exclude the impact of acquisitions, divestitures, and currency fluctuations, were up 16% during the quarter. This is an acceleration from the 9% organic growth Coca-Cola reported in the second quarter.

Coca-Cola’s strong performance in the third quarter was driven by growth in all of its major markets. Europe, Middle East, and Africa grew by 9%, while Asia-Pacific was up 11%. Looking ahead, Coca-Cola expects to continue to grow in the fourth quarter and beyond.

Earnings

In the earning report of FY2022 Q3 ending July 1, COCA-COLA COMPANY earned 41.3B USD in total revenue, earned 9.6B USD in net income. Compared to previous year, 6.7% increase in total revenue, 2.0% decrease in net income. COCA-COLA COMPANY’s total revenue reached from 33.0B USD to 41.3B USD in the last 3 years. The company attributed the revenue growth to an 11% increase in concentrate sales, higher pricing, and favorable currency translation.

About the Company

Stock Price

The company attributed the growth to strong demand for its products, particularly in North America and Asia. Coca-Cola stock rose 2.4% in trading on Tuesday after the release of the earnings report. Coca-Cola has been investing heavily in recent years to drive growth, including acquiring smaller beverage companies, launching new products, and increasing its marketing budget. The strategy appears to be paying off, as the company has posted strong sales growth in each of the past three quarters.

Looking ahead, Coca-Cola is optimistic about the future and expects to continue growing at a similar pace in the fourth quarter. The company is well-positioned to benefit from continued global growth in the beverage industry. Live Quote…

VI Analysis

Coca-Cola Company‘s fundamentals reflect its long term potential. Based on VI Risk Rating, Coca-Cola Company is a medium risk investment in terms of financial and business aspects. VI App has detected 2 risk warnings in income sheet, balance sheet. Register with us to check it out. More…

VI Peers

The Coca-Cola Company has been in competition with PepsiCo, Inc. since the late 1800s. The two companies have been fighting for market share ever since. More recently, Keurig Dr Pepper Inc. and Monster Beverage Corp have become major competitors in the beverage industry.

– PepsiCo Inc ($NASDAQ:PEP)

PepsiCo is a food and beverage company with a market cap of $238.84 billion as of 2022. The company has a return on equity of 45.25%. PepsiCo operates in more than 200 countries and employs more than 300,000 people. The company’s products include Pepsi-Cola, Lay’s potato chips, Tropicana orange juice, and Quaker oats. PepsiCo was founded in 1898 and is headquartered in Purchase, New York.

– Keurig Dr Pepper Inc ($NASDAQ:KDP)

Keurig Dr Pepper Inc is a publicly traded company with a market capitalization of $53.5 billion as of May 2022. The company has a return on equity of 10.39%. Keurig Dr Pepper Inc is a leading beverage company that manufactures and markets coffee, tea, and other beverage products. The company operates in North America, Europe, and Asia Pacific. Keurig Dr Pepper Inc is headquartered in Burlington, Massachusetts.

– Monster Beverage Corp ($NASDAQ:MNST)

As of 2022, Monster Beverage Corporation had a market cap of $46.49 billion and a return on equity of 18.04%. The company produces and sells energy drinks, soda, and juice products under the Monster, NOS, and Full Throttle brands. It also has a minority stake in Reign Beverage Company. The company was founded in 1987 and is headquartered in Corona, California.

Summary

Coca-Cola is a global beverage giant with a long history of success. Despite challenges from health-conscious consumers and shifting tastes, the company has continued to grow in recent years. Investors looking for a stable, long-term investment may find Coca-Cola a appealing option.

The company has a strong brand, a diversified product portfolio, and a proven track record of delivering shareholder value. While Coca-Cola is not immune to the challenges facing the broader beverage industry, it remains a well-positioned company with a bright future.