Coca-Cola: ¿Sigue refrescando sus números? Resultados del Q2 2024
Un análisis a fondo de los resultados financieros de la gigante de las bebidas.
Earnings Q2 2024
(En millones de dólares, excepto datos por acción)
Net Operating Revenues 12.363 (+3%)
Gross Profit 7.551 (+7%)
Operating income 2.632 (+10%)
Operating margin 21.3% (20.1%)
Net Income Attributable to Shareowners of The Coca-Cola Company 2.411 (-5%)
Diluted Net Income Per Share 0.56 (-5%)
Average Shares Outstanding Assuming Dilution 4.319 (-1%)
Cash and cash equivalents 13.708 (9.366)
Short-term investments 3.691 (2.997)
Inventories 4.763 (4.424)
Property, plant and equipment - net 9.508 (9.236)
Total Assets 101.202 (97.703)
Loans and notes payable 3.793 (4.557)
Current maturities of long-term debt 1.939 (1.960)
Long-term debt 38.085 (35.547)
Equity Attributable to Shareowners of The Coca-Cola Company 25.853 (25.941)
Stock-based compensation expense 140 (120)
Net Cash Provided by Operating Activities 4.113 (4.629)
Purchases of investments 3.827 (2.103)
Acquisitions of business, equity method investments and nonmarketable securities 25 (43)
Purchases of property, plant and equipment 792 (615)
Issuances of loans, notes payable and long-term debt 6.832 (4.638)
Issuances of stock 437 (359)
Dividends 2.184 (2.089)
Segments and Corporate
Net Operating Revenues
Europe, Middle East & Africa 2.339 (+7%)
Latin America 1.650 (+20%)
North America 4.812 (+10%)
Asia Pacific 1.512 (-4%)
Global Ventures 768 (0%)
Bottling Investments 1.539 (-25%)
Corporate 30 (+1%)
Eliminations -287 (+22%)
Operating Income
Europe, Middle East & Africa 1.252 (+11%)
Latin America 920 (+15%)
North America 1.312 (+8%)
Asia Pacific 647 (-4%)
Global Ventures 92 (+19%)
Bottling Investments 98 (-20%)
Corporate -1.689 (-4%)
Eliminations -
Concentrate Sales
Consolidated +6%
Europe, Middle East & Africa +5%
Latin America +9%
North America -1%
Asia Pacific +7%
Global Ventures +3%
Bottling Investments +7%
Unit Case Volume
Consolidated +2%
Europe, Middle East & Africa 0%
Latin America +5%
North America -1%
Asia Pacific +3%
Global Ventures +3%
Bottling Investments -27%
Unit Case Volume Performance
Sparkling soft drinks +3%
Coca-Cola +2%
Coca-Cola Zero +6%
Sparkling flavors +3%
Juice, value-added dairy and plant-based +2%
Water, sports, coffee and tea +0%
Water -1%
Sports drinks +3%
Coffee -4%
Tea +1%
Outlook
Full Year 2024
Organic revenue (non-GAAP) +9-10%
Net revenue (non-GAAP) +5-6%
Comparable EPS (non-GAAP) 8-9%
Effective tax rate (non-GAAP) 19.0%
Free cash flow (non-GAAP) 9.2 B
Cash flow from operations 11.4 B
Capital expenditures 2.2 B
Q3 2024
Net revenues (non-GAAP) expected approximate 4% currency headwind.
Comparable EPS (non-GAAP) expected to include 8% currency headwind.