14-02-2023
Global caseloads down 1% in the quarter, up 5% for the year
Net income rose 7% for the quarter and 11% for the year.
Organic revenue (non-GAAP) increased 15% in the quarter and 16% for the full year
Operating income rose 24% for the quarter and 6% for the full year.
Comparable currency neutral operating income (non-GAAP) increased 21% for the quarter and 19% for the full year
Fourth-quarter earnings per share fell 16% to $0.47, and comparable EPS (non-GAAP) was flat at $0.45.
Full-year EPS down 3% to $2.19, comparable EPS (non-GAAP) up 7% to $2.48
Cash flow from operations for the full year was $11.0 billion, down 13%.
Full-year free cash flow (non-GAAP) of $9.5 billion, down 15%
Company provides financial outlook to 2023
Atlanta, February 14, 2023– The Coca-Cola Company today announced strong fourth-quarter and full-year 2022 results. "While 2022 has presented many challenges, we are proud of our overall performance in a dynamic operating environment," said James Quincey, Advisor to The Coca-Cola Company's President and CEO. The Coca-Cola Company. “As we move into 2023, we will continue to invest in our capabilities and strengthen our coordination with our bottling partners to maintain flexibility. We are putting consumers at the center of our innovation and marketing investments while leveraging our Expertise in managing and executing revenue growth. Our growth culture drives new approaches, more experimentation and greater agility to grow, and creates value for our shareholders."
better times
Quarterly/Annual Performance
- income:Net income was strong in the quarter, rising 7% to $10.1 billion. Organic revenue (non-GAAP) increased 15%. Organic revenue performance (non-GAAP) was strong across all operating segments, including price/mix growth of 12% and concentrate sales growth of 2%. The quarter includes an extra day, resulting in an increase in revenue of 1 unit. The quarter also benefited from the timing of condensate shipments. Full-year net revenue rose 11% to $43 billion, with organic (non-GAAP) revenue up 16%. This performance was driven by an 11% increase in price/mix and a 5% increase in concentrate sales.
- Operating margin:For the quarter, operating margin (including items affecting comparability) was 20.5%, compared to 17.7% last year, and comparable (non-GAAP) operating margin was 22.7%, compared to 22.1% last year. Full-year operating margin, including items affecting comparability, was 25.4%, compared to 26.7% in the prior year, and comparable (non-GAAP) operating margin was 28.7% for the year and prior year. For both the quarter and full year, operating margin benefited from strong growth but was impacted by the BODYARMOR acquisition, higher operating costs, higher marketing investments compared to the prior year, unfavorable currencies and factors impacting comparability adverse effects.
- Earnings per share:EPS fell 16% to $0.47 for the quarter, and comparable EPS (non-GAAP) was even $0.45. EPS results include the impact of 12 points of currency headwinds, while comparable EPS (non-GAAP) results include the impact of 11 points of currency headwinds. Full-year earnings per share fell 3 percent to $2.19, and comparable non-GAAP EPS rose 7 percent to $2.48. EPS performance includes the impact of 11 points of currency headwinds, while comparable EPS (non-GAAP) performance includes the impact of 10 points of currency headwinds.
- market share:For both the quarter and full year, the company gained share of the total value of non-alcoholic ready-to-drink beverages ("NARTD"), which included share gains in the home and out-of-home channels.
- cash flow:Cash flow from operations for the full year was $11.0 billion, down $1.6 billion from the prior year, as strong business performance was offset by a deliberate increase in inventory in the face of a volatile commodity environment, gains from previous year's working capital recovery and higher growth in 2022 High taxes and annual incentive payments. Free cash flow (non-GAAP) was $9.5 billion, down $1.7 billion from the prior year.
Company News
- Corporate leadership development to drive growth:The company continues to focus on having the right leaders and organizational structure to achieve its growth strategy while developing talent for the future. With recent leadership appointments, the company continues to optimize its organizational design, connecting end-to-end operations while identifying key opportunities for long-term meaningful growth. During the quarter, John Murphy started as President and Chief Financial Officer and added oversight of global venture capital, bottling investments, platform services, customer and trade leadership, and online-to-offline digital transformation. The company also appointed Henrique Braun to the newly created role of President International Development, responsible for overseeing seven of the company's nine operating units. Braun will manage the growth of the consumer base in developing markets, emerging markets as well as developed markets. Braun will work with Nikos Koumettis, President, European Operations, and Jennifer Mann, President, North American Operations, to develop a global business strategy to extend best practices and ensure the company captures growth opportunities across all acquisitions.
- Leverage digital engagement to connect with more consumers:By linking consumption occasions to consumers' passions, companies create deeper connections with consumers and reach them in new and unique ways. The company successfully executed Coca-Cola®'s global "Believe is Magic" campaign for the 2022 FIFA World Cup in Qatar, creating an end-to-end digitally driven experience. The company developed its own digital platform, Coca-Cola Fan Zone, which launched in 41 markets to provide fans with a social experience. About 5 million consumers interact with the platform. Through an exclusive partnership with Panini, the officially licensed sticker album for the 2022 Qatar World Cup, fans were able to exchange physical and digital stickers, with product label scans amounting to approximately 28 million times, an increase of approximately 400% compared to FIFA 2018 World Cup.
- Progress on ambitious packaging goals:The company continues to work with partners to address challenges and create a circular economy for packaging. The company has formed a wide range of partnerships to help accelerate its 2030 packaging collection goals. In India, the company is partnering with grocery delivery service Zepto on a “take back and recycle” program for PET bottles. Consumers can access the "Recycle PET Bottles" feature on the Zepto app, where they can choose to return four empty PET bottles that will be collected by Zepto riders. The initiative establishes an organized collection process for PET bottles with full traceability to ensure effective management of plastic waste. In Latin America, the company has partnered with food collector Rappi to collect empty PET bottles. In the Philippines, the company is converting existing PET packaging for some of its brands to 100% recycled PET, excluding caps and labels, using new recycled PET sources from the PETValue Investments joint venture, the country's first bottle-to-bottle recycling facility. New packaging formats for Coca‑Cola® Original Taste and Wilkins® Pure will expand the company's range of recycled plastic packaging in the country. About 50 percent of the company's product portfolio in the country is in returnable glass bottles.
- Create a fit-for-purpose balance sheet:The company is focused on having a balance sheet that supports sustainable value creation. In 2022, the company completes the re-franchising of the company's bottling operations in Cambodia to Swire Coca-Cola Limited, a subsidiary of Swire Pacific Limited, and completes the sale of its bottler stake in Egypt to Coca-Cola HBC AG. The company also announced the refinancing of the company's bottling operations in Vietnam, which was completed in January 2023, with the company agreeing to sell its stake in the Pakistani bottler. Additionally, the company intends to list Coca-Cola Beverages Africa as a public company through an IPO when market conditions become more favorable, which we believe will take place after 2023. Companies are continually evaluating the most efficient use of capital in alignment with their goals to focus resources on building brands that consumers love and that drive growth.
- Update on the current tax dispute with the IRS:In November 2020, the U.S. Tax Court (“Tax Court”) issued an opinion in relation to the Company’s 2015 transfer pricing litigation with the Internal Revenue Service (“IRS”), in which the Tax Court largely sided with the IRS. The company intends to pursue its claims on appeal and vigorously defend its position. In this opinion, the Tax Court reserved its decision on the impact of Brazilian legal restrictions on the payment of royalties by the company's Brazilian licensees until the Tax Court issues an opinion in a separate case involving 3M Corporation. The Tax Court issued this opinion in 3M on February 9, 2023. As previously disclosed, the Company expects that the Tax Court will now proceed to consider the impact of the 3M opinion on the Company's case, and ultimately on the Company's case. The potential impact of 3M's decision to pay royalties in the company's case has been reflected in the company's previous estimates of the amount of additional taxes and interest that could be due if the IRS ultimately prevails in court.
Operational Review - Three Months Ending December 31, 2022
Operational Review - Year Ended December 31, 2022
In addition to the data in the preceding tables, operating results include the following:
merge
- Case volumes for the quarter were down 1%. Volume growth in the fourth quarter was on par with the third quarter compared to 2019 sales levels. In the fourth quarter, strong growth in Brazil, India, the UK and Mexico was offset by the suspension of operations in Russia. For the full year, box volumes increased 5% as strength in the outdoor channel and continued go-to-market investments drove broad-based growth across all operating segments. Developed markets posted low-single-digit growth for the quarter and mid-single-digit growth for the full year, driven by growth in most markets. Developing and Emerging Markets fell to low-single-digit levels for the quarter and posted mid-single-digit growth for the full year. This performance was supported by strong growth in India and Brazil and was negatively impacted by the suspension of operations in Russia.
Performance per unit volume includes the following:
- Carbonated beverages were flat in the quarter and grew 4% for the year, driven by strong performance in Latin America and Asia Pacific and the negative impact of the suspension in Russia. The Coca-Cola brand was flat for the quarter as strong performances in Brazil and the Philippines more than offset a suspension in Russia, and grew 4% for the year on broad strength across all regional operating segments. Coca-Cola® Zero Sugar was up 9% for the quarter and 11% for the year, driven by strong growth in developed, developing and emerging markets. Sparkling flavors were down 2% for the quarter and up 5% for the year. This performance was supported by strong growth in India and the US and was adversely affected by the suspension of operations in Russia.
- Juice, value-added dairy and plant-based beverages were down 7% in the quarter and up 3% for the full year. This performance was supported by strong growth in developed markets and was negatively impacted by the suspension of operations in Russia.
- Water, sports, and coffee and tea were flat in the quarter and up 6% for the year. Water volumes were flat for the quarter and up 5% for the year. This performance benefited from strong growth in Latin America and was negatively impacted by a decline in China due to varying degrees of pandemic-related movement restrictions. Sports drinks were up 1% for the quarter and 8% for the year, driven by strong performances in Latin America and EMEA. Coffee grew 11% in the quarter and 13% for the full year, mainly due to recovery from the impact of the pandemic-related closure of Costa® retail stores in the UK the previous year and the continued expansion of Costa® Coffee across the market. Tea declined in the quarter increased by 9%, and rose by 1% for the year. This performance was supported by strong growth of Fuze® tea in Latin America and was negatively impacted by doğadan® performance in Turkey.
- Price/mix increased 12% for the quarter and 11% for the full year. This is mainly due to pricing behavior across functional segments in the market and favorable channel and package mix. Condensate sales were 3 units higher than containerized volumes during the quarter, primarily due to the extra day and the timing of condensate shipments.
- Operating income increased 24% for the quarter and 6% for the full year, including comparability and currency headwinds. Comparable currency neutral (non-GAAP) operating income increased 21% for the quarter and 19% for the full year. For the quarter and full year, this performance was driven by strong organic (non-GAAP) revenue growth across all operating segments, partially offset by higher operating costs and increased marketing investments compared to the prior year.
Europe, Middle East and Africa
- Volume fell 5% in the quarter as strong growth in Western Europe was offset by the suspension of Russian operations.
- Price/mix increased 15% in the quarter due to pricing actions by operating units as well as inflationary prices in Turkey. Condensate sales volumes were 1 unit lower than containerized volumes during the quarter, primarily due to the timing of condensate shipments.
- Operating income for the quarter was down 18 percent, including 27 percentage points of items impacting comparability and inverse currencies. Comparable operating income (non-GAAP) decreased 5% in the quarter as strong organic (non-GAAP) revenue growth in most operating units compared to the prior year more than offset higher operating costs and increased marketing investment.
- Throughout the year, the company gained value share across all NARTD beverages, led by share gains in France, Spain and Poland.
Latin America
- Case volume increased by 2% in the quarter, with solid growth in most categories. Growth was driven by Brazil and Mexico.
- Price/mix increased 26% in the quarter due to market pricing behavior and a favorable mix of channels and packages, coupled with inflationary pricing in Argentina. During the quarter, condensate sales were 4 units higher than container volumes, mainly due to an extra day and recovery of time spent on last year's concentrate shipments.
- Operating income increased 22% in the quarter, including 12 basis points of currency headwinds and items impacting comparability. Comparable currency-neutral (non-GAAP) operating income increased 34% in the quarter, primarily driven by strong organic (non-GAAP) revenue growth, driven in part by higher operating Offset by costs and increased marketing investments.
- The company's value share in NARTD beverages fell this year, as share gains in Brazil and Argentina were offset by pressure from carbonated soft drinks in Mexico.
Kitami
- Volume was flat in the quarter as growth in carbonated soft drinks, juices and value-added dairy beverages was offset by declines in other beverage categories.
- Price/mix increased 12% in the quarter, driven primarily by market pricing and the continued recovery of the fountain industry.
- Operating income increased 6% for the quarter, including items affecting comparability. Comparable currency-neutral (non-GAAP) operating income increased 12% in the quarter, driven by strong organic (non-GAAP) revenue growth, partially offset by higher year-over-year operating costs and increased marketing investments .
- The company's value share in NARTD beverages increased this year due to continued recovery in the away channel and strong performance in the at-home channel of carbonated soft drinks and value-added dairy beverages.
Asia-Pacific
- Case volumes in the quarter were down 1% due to strong growth in India and Vietnam, which was more than offset by a decline in China due to varying degrees of pandemic-related mobility restrictions.
- Price/mix increased 7% in the quarter, primarily due to market pricing behavior, partially offset by unfavorable geographic mix. During the quarter, condensate sales were nine units higher than tank volumes, primarily due to the timing of condensate shipments.
- Operating income increased 6% in the quarter, including items impacting comparability and inverse currencies by 15 percentage points. Comparable currency-neutral (non-GAAP) operating income increased 22% in the quarter, primarily due to organic (non-GAAP) revenue growth across all business segments, partially offset by higher operating costs.
- Throughout the year, the company increased its value share in NARTD Beverages, led by increases in India, Australia, Japan and South Korea.
Global Ventures
- Net revenue for the quarter was down 5% and organic (non-GAAP) revenue was up 8%. Net income includes 13 units of currency headwind. Revenue performance benefited from the impact of the closure of Costa retail stores in the UK last year due to the pandemic.
- Operating income and comparable operating income on a currency-neutral (non-GAAP) basis were both lower in the quarter as solid organic (non-GAAP) revenue growth more than offset higher operating costs.
bottling investment
- Case volumes rose 1% in the quarter, driven by strong performance in India and Vietnam.
- Price/mix increased 14% in the quarter due to pricing actions in most markets.
- Operating income was down 15% in the quarter, including items impacting comparability and relative currency by 9 percentage points. Comparable currency neutral (non-GAAP) operating income decreased 18% in the quarter as strong organic (non-GAAP) revenue growth more than offset higher operating costs.
Capital Allocation Update
-Business Reinvestment:The company continues to invest in all areas of the business, with capital expenditures of $1.5 billion in 2022, an increase of 9% over the previous year.
-Continue to increase dividends:The company paid out a total of $7.6 billion in dividends in 2022. The company has increased its dividend every year for the past 60 years.
-Consumer M&A:In 2022, the company did not make any major acquisitions. The company continues to evaluate inorganic growth opportunities by brand and capability.
-Stock repurchases:In 2022, the company issued $800 million of stock related to the exercise of employee stock options, and the company repurchased $1.4 billion of stock. Consequently, net share repurchases (non-GAAP) were $600 million. The company's remaining share repurchase authorization is approximately $8 billion.
point of view
The 2023 forward-looking information provided below includes forward-looking non-GAAP financial measures that management uses to measure performance. The company is unable to compare forecasted full-year 2023 organic revenue (non-GAAP) to forecasted full-year 2023 reported net income, forecasted full-year 2023 comparable net income (non-GAAP) to forecasted full-year 2023 Reported Net Income Reconciled Revenue, Full Year 2023 Forecast Comparable Cost of Goods Sold (non-GAAP) vs. Full Year 2023 Forecast Reported Cost of Sales, Full Year 2023 Forecast Basic Effective Tax Rate (Non-GAAP) vs. Full Year 2023 Forecast Report Effective Tax Rate, Full Year 2023 Forecast Comparable Currency Neutral EPS (Non-GAAP) Forecast Full Year 2023 Reported EPS OR Forecast Full Year 2023 Comparable EPS (Non-GAAP) vs. Full Year 2023 Reported EPS Forecast No undue effort as it It is not possible to predict with reasonable certainty the exact timing and impact of acquisitions, divestitures, and structural changes throughout 2023; the impact of changes in the cost of goods throughout 2023; the exact timing and volume of items that affect comparability throughout 2023; and the exact timing and impact of foreign exchange rate fluctuations. Affects currency exchange rates throughout 2023. The unavailable information could materially affect the company's full-year 2023 financial results.
Full year 2023
The company expects to deliver organic revenue growth (non-GAAP) of 7% to 8%.
For comparable net income (non-GAAP), the company expects a 2% to 3% headwind based on current interest rates and including the impact of hedging positions, in addition to approximately 1% headwinds from acquisitions, divestitures and restructurings .
The company expects commodity price inflation to be in the mid-single digits relative to comparable cost of goods sold (non-GAAP), based on current interest rates and including the impact of hedging positions.
The company's base effective tax rate (non-GAAP) is estimated to be 19.5%. This does not include the impact of the ongoing tax dispute with the IRS if the company does not prevail.
Taking the foregoing into account, the company expects currency-neutral comparable (non-GAAP) EPS growth of 7% to 9% and comparable (non-GAAP) EPS growth of 4% to 5%, compared to 2022 $2.48.
Comparable (non-GAAP) EPS percentage growth is expected to include currency headwinds of 3% to 4% based on current interest rates, including the impact of hedging positions, and minor headwinds from acquisitions, divestitures and structural changes.
The company expects to generate approximately $9.5 billion in free cash flow (non-GAAP) from operating cash flow of approximately $11.4 billion less capital expenditures of approximately $1.9 billion. That doesn't include potential payments related to an ongoing tax dispute with the IRS.
Visa for the first quarter of 2023
Comparable net income (non-GAAP) is expected to include headwinds of 5% to 6% based on current interest rates, including the impact of hedging positions, in addition to headwinds of approximately 1% from acquisitions, divestitures and restructurings.
Comparable (non-GAAP) EPS percentage growth is expected to include currency headwinds of 6% to 7% based on current interest rates and include the impact of hedging positions.
One day less in the first quarter compared to the first quarter of 2022.
notes
- Unless otherwise stated, all references to percentages and growth shares compare the results of the current period with the results of the same period of the previous year.
- Unless otherwise stated, all references to volumes and percent volume changes refer to unit volumes. All volume percentage changes are based on average daily sales for the fourth quarter and are calculated on a full-year basis, unless otherwise noted. "Single case" means a unit of measure equal to 192 US fluid ounces of finished beverage (24 eight-ounce servings), excluding single case equivalents of Costa's non-ready-to-eat products, which are primarily measured by transaction. "Case Quantity" means the number of cases (or unit case equivalents) of Company Beverages sold directly or indirectly to customers or consumers by the Company and its bottling partners.
- "Concentrate Sales" represents concentrates, syrups, beverage bases, spring water and powders/minerals sold or used in finished beverages sold by the Company to its bottling partners or other customers (in all cases in units The number of box equivalents). For Costa's ready-to-drink products, "concentrated sales" represent the volume of beverages, primarily measured in terms of the number of transactions (in all cases expressed in unit case equivalents) sold by the company to customers or consumers. In the reported reconciliation of net revenue, "Concentrated Sales" represents the percentage change in net revenue due to an increase (decrease) in the concentrated sales volume of the Geographic Operating Segment and the Global Ventures Operating Segment, after accounting for the impact of the structural change, if any. For the Investments Bottling operating segment in the fourth quarter, this represents the percentage change in net income attributable to the structure of an increase (decrease) in the number of cases calculated considering total sales (rather than average daily sales) for each respective period The impact of the change, if any. For the full-year Bottling Investment Operations segment, this represents the percentage change in net revenue due to an increase (decrease) in case volume, after accounting for the impact of structural changes, if any. The Bottling Investment Operations segment reflects bottling unit volume growth for consolidated bottlers only.
- "Price/Mix" represents the change in net operating income due to factors such as price changes, the mix of products and packaging sold, and the mix of channels and geography through which sales are made.
- Financial results for the first quarter of 2022 will be impacted by one day less compared to the first quarter of 2021 and financial results will be impacted by one more day in the fourth quarter of 2022 compared to the fourth quarter of 2021. As mentioned above the average daily sales are calculated.
telephone conference
The company will host a conference call with investors and analysts today, February 14, 2023 at 8:30 a.m., to discuss its fourth quarter and full year 2022 operating results. wait. The Company invites participants to listen to a live webcast of the conference call on the Investors section of the Company's website at http://www.coca-colacompany.com. A downloadable digital audio replay and call transcript will be available on the website within 24 hours of the call. In addition, the Investors section of this website includes certain supplemental information and reconciliations of non-GAAP financial measures to the company's results reported in GAAP, which may be used in the conference call to discuss financial results.
forward-looking statement
Αυτό το δελτίο τύπου μπορεί να περιέχει δηλώσεις, εκτιμήσεις ή προβλέψεις που συνιστούν "προβλεφτικές δηλώσεις" όπως ορίζονται από τους ομοσπονδιακούς νόμους περί τίτλων των ΗΠΑ. Γενικά, οι λέξεις «πιστεύω», «αναμένω», «σκοπεύω», «εκτίμηση», «προβλέπω», «προβλέπω», «θα» και παρόμοιες εκφράσεις προσδιορίζουν μελλοντικές δηλώσεις, οι οποίες γενικά δεν έχουν ιστορικό χαρακτήρα. Οι μελλοντικές δηλώσεις υπόκεινται σε ορισμένους κινδύνους και αβεβαιότητες που θα μπορούσαν να έχουν ως αποτέλεσμα τα πραγματικά αποτελέσματα της εταιρείας Coca-Cola να διαφέρουν ουσιαστικά από την ιστορική της εμπειρία και τις τρέχουσες προσδοκίες ή προβλέψεις μας. Αυτοί οι κίνδυνοι περιλαμβάνουν, αλλά δεν περιορίζονται σε, δυσμενείς οικονομικές και γεωπολιτικές συνθήκες, συμπεριλαμβανομένων των άμεσων ή έμμεσων αρνητικών επιπτώσεων της σύγκρουσης μεταξύ Ρωσίας και Ουκρανίας. αυξημένος ανταγωνισμός· αδυναμία να είμαστε επιτυχείς στις δραστηριότητες καινοτομίας μας· αλλαγές στο τοπίο λιανικής ή απώλεια βασικών πελατών λιανικής ή υπηρεσιών εστίασης· αδυναμία επέκτασης της επιχείρησής μας σε αναδυόμενες και αναπτυσσόμενες αγορές· αδυναμία να διαχειριστούμε με επιτυχία τις πιθανές αρνητικές συνέπειες των πρωτοβουλιών παραγωγικότητας αδυναμία προσέλκυσης ή διατήρησης εργατικού δυναμικού υψηλής ειδίκευσης και διαφορετικότητας· διακοπή της αλυσίδας εφοδιασμού μας, συμπεριλαμβανομένου του αυξημένου κόστους εμπορευμάτων, πρώτων υλών, συσκευασίας, ενέργειας, μεταφοράς και άλλων εισροών· τις αρνητικές επιπτώσεις και τις συνεχιζόμενες αβεβαιότητες που σχετίζονται με το εύρος, τη σοβαρότητα και τη διάρκεια της παγκόσμιας πανδημίας COVID-19 και την ουσία και τον ρυθμό της οικονομικής ανάκαμψης μετά την πανδημία· αδυναμία επιτυχούς ενσωμάτωσης και διαχείρισης των αποκτηθεισών μας επιχειρήσεων, εμπορικών σημάτων ή εργασιών εμφιάλωσης ή αδυναμία να συνειδητοποιήσουμε ένα σημαντικό μέρος των αναμενόμενων οφελών των κοινοπραξιών ή των στρατηγικών μας σχέσεων. αδυναμία των τρίτων παρόχων υπηρεσιών και των επιχειρηματικών μας εταίρων να εκπληρώσουν ικανοποιητικά τις δεσμεύσεις και τις ευθύνες τους· αδυναμία να ανανεώσουμε τις συλλογικές συμβάσεις εργασίας με ικανοποιητικούς όρους ή εμείς ή οι εταίροι μας στην εμφιάλωση αντιμετωπίζουμε απεργίες, στάσεις εργασίας, ελλείψεις εργατικού δυναμικού ή εργατικές αναταραχές. παχυσαρκία και άλλες ανησυχίες που σχετίζονται με την υγεία· εξελισσόμενες προτιμήσεις καταναλωτικών προϊόντων και αγορών· ανησυχίες για την ασφάλεια και την ποιότητα των προϊόντων· αντιληπτές αρνητικές συνέπειες για την υγεία ορισμένων συστατικών, όπως τα μη θρεπτικά γλυκαντικά και ουσίες που προέρχονται από τη βιοτεχνολογία, και άλλες ουσίες που υπάρχουν στα ποτά μας ή στα υλικά συσκευασίας· αποτυχία ψηφιοποίησης του συστήματος της Coca-Cola· ζημιά στην εικόνα της επωνυμίας μας, την εταιρική φήμη και την κοινωνική άδεια λειτουργίας από αρνητική δημοσιότητα, είτε δικαιολογείται είτε όχι, σχετικά με την ασφάλεια ή την ποιότητα των προϊόντων, τον χώρο εργασίας και τα ανθρώπινα δικαιώματα, την παχυσαρκία ή άλλα ζητήματα. αδυναμία διαχείρισης με επιτυχία λανσαρίσματα νέων προϊόντων· αδυναμία να διατηρήσουμε καλές σχέσεις με τους συνεργάτες μας εμφιάλωσης· επιδείνωση της οικονομικής κατάστασης των εταίρων εμφιάλωσης· αδυναμία να διαχειριστούμε με επιτυχία τις δραστηριότητές μας στο refranchising· αυξήσεις στους φορολογικούς συντελεστές, αλλαγές στη νομοθεσία περί φορολογίας εισοδήματος ή δυσμενή επίλυση φορολογικών θεμάτων, συμπεριλαμβανομένης της έκβασης της συνεχιζόμενης φορολογικής μας διαφοράς ή τυχόν σχετικών διαφορών με την Υπηρεσία Εσωτερικών Εσόδων των ΗΠΑ ("IRS"). η πιθανότητα να αλλάξουν σημαντικά οι παραδοχές που χρησιμοποιήθηκαν για τον υπολογισμό της εκτιμώμενης συνολικής πρόσθετης φορολογίας και της υποχρέωσης τόκων που σχετίζεται με την πιθανή δυσμενή έκβαση της συνεχιζόμενης φορολογικής διαφοράς με την IRS. αυξημένους ή νέους έμμεσους φόρους· αλλαγές στους νόμους και τους κανονισμούς σχετικά με τα δοχεία και τις συσκευασίες ποτών· σημαντικές πρόσθετες απαιτήσεις επισήμανσης ή προειδοποίησης ή περιορισμοί σχετικά με την εμπορία ή την πώληση των προϊόντων μας· δικαστικές ή δικαστικές διαδικασίες· διεξαγωγή επιχειρηματικής δραστηριότητας σε αγορές με περιβάλλοντα νομικής συμμόρφωσης υψηλού κινδύνου· αδυναμία επαρκούς προστασίας ή διαφωνιών που σχετίζονται με εμπορικά σήματα, τύπους και άλλα δικαιώματα πνευματικής ιδιοκτησίας· αλλαγές ή μη συμμόρφωση με τους νόμους και τους κανονισμούς που ισχύουν για τα προϊόντα μας ή τις επιχειρηματικές μας δραστηριότητες· διακυμάνσεις στις συναλλαγματικές ισοτιμίες ξένου νομίσματος· αυξήσεις επιτοκίων· αδυναμία επίτευξης των συνολικών μακροπρόθεσμων αναπτυξιακών μας στόχων· αθέτηση ή αποτυχία ενός ή περισσότερων χρηματοπιστωτικών ιδρυμάτων του αντισυμβαλλομένου μας· χρεώσεις απομείωσης? αδυναμία προστασίας των συστημάτων πληροφοριών μας από διακοπή υπηρεσίας, κατάχρηση δεδομένων ή περιστατικά ασφάλειας στον κυβερνοχώρο· μη συμμόρφωση με τους νόμους περί απορρήτου και προστασίας δεδομένων· αδυναμία επίτευξης των στόχων και των στόχων βιωσιμότητας ή η ακριβής αναφορά της προόδου μας λόγω λειτουργικών, οικονομικών, νομικών και άλλων κινδύνων, πολλοί από τους οποίους είναι εκτός του ελέγχου μας και εξαρτώνται από τις ενέργειες των συνεργατών μας εμφιάλωσης και άλλων τρίτων. αυξανόμενες ανησυχίες σχετικά με τις περιβαλλοντικές επιπτώσεις των πλαστικών φιαλών και άλλων υλικών συσκευασίας· λειψυδρία και κακή ποιότητα. αυξημένη ζήτηση για προϊόντα διατροφής, μειωμένη γεωργική παραγωγικότητα και αυξημένη ρύθμιση της δέουσας επιμέλειας για την προμήθεια συστατικών· την κλιματική αλλαγή και νομικές ή ρυθμιστικές αντιδράσεις σε αυτήν· Δυσμενείς καιρικές συνθήκες; και άλλους κινδύνους που συζητήθηκαν στις καταθέσεις μας με την Επιτροπή Κεφαλαιαγοράς ("SEC"), συμπεριλαμβανομένης της Ετήσιας Έκθεσής μας για το Έντυπο 10-K για το έτος που έληξε στις 31 Δεκεμβρίου 2021 και των τριμηνιαίων εκθέσεων που υποβλήθηκαν στη συνέχεια για το Έντυπο 10-Q, οι οποίες καταθέσεις διατίθενται από την SEC. Δεν πρέπει να βασίζεστε αδικαιολόγητα σε μελλοντικές δηλώσεις, οι οποίες μιλούν μόνο από την ημερομηνία που γίνονται. Δεν αναλαμβάνουμε καμία υποχρέωση να ενημερώνουμε δημόσια ή να αναθεωρούμε οποιεσδήποτε μελλοντικές δηλώσεις.
Download Q4 and Full Year 2022 Earnings Results
FAQs
Coca-Cola reports fourth-quarter and full-year 2022 results? ›
- Revenues: For the quarter, net revenues were strong, growing 7% to $10.1 billion. Organic revenues (non-GAAP) grew 15%. Organic revenue (non-GAAP) performance was strong across operating segments and included 12% growth in price/mix and 2% growth in concentrate sales.
What are the results of Coca-Cola q4 2022? ›- Revenues: For the quarter, net revenues were strong, growing 7% to $10.1 billion. Organic revenues (non-GAAP) grew 15%. Organic revenue (non-GAAP) performance was strong across operating segments and included 12% growth in price/mix and 2% growth in concentrate sales.
What are the results of Coca-Cola FY 2022? ›For the full year, net revenues grew 11% to $43.0 billion, and organic revenues (non-GAAP) grew 16%. This performance was driven by 11% growth in price/mix and 5% growth in concentrate sales.
What to expect from Coca-Cola earnings? ›The company reiterated its prior forecast for 2023. It is projecting organic revenue growth of 7% to 8% and comparable earnings per share growth of 4% to 5% for 2023. Additionally, Coke expects commodity inflation to affect its cost of goods sold by the mid single digits in 2023.
What are the earnings of Coke q4? ›The Atlanta-based company said it had profit of 47 cents per share. Earnings, adjusted for one-time gains and costs, were 45 cents per share. The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 45 cents per share.
What is the dividend payout for CocaCola 2022? ›Current Dividend Yield: 3.57% Annual dollar dividend payment: $2.24.
What is the price prediction for CocaCola stock? ›On average, Wall Street analysts predict that Coca Cola's share price could reach $70.13 by Apr 26, 2024. The average Coca Cola stock price prediction forecasts a potential upside of 16.37% from the current KO share price of $60.26.
What is cola fall of 2022? ›We call such increases Cost-Of-Living Adjustments, or COLAs. We determined an 8.7-percent COLA on October 13, 2022. We will announce the next COLA in October 2023.
Where will CocaCola stock be in 5 years? ›The Coca-Cola Company quote is equal to 60.260 USD at 2023-05-29. Based on our forecasts, a long-term increase is expected, the "KO" stock price prognosis for 2028-05-19 is 82.566 USD. With a 5-year investment, the revenue is expected to be around +37.02%. Your current $100 investment may be up to $137.02 in 2028.
What is the 5 year return on CocaCola stock? ›Definition of 5 Year Price Total Return
Five Year Stock Price Total Return for Coca-Cola is calculated as follows: Last Close Price [ 60.26 ] / Adj Prior Close Price [ 36.21 ] (-) 1 (=) Total Return [ 66.4% ] Prior price dividend adjustment factor is 0.85.
What will the stock price of CocaCola be in 2023? ›
It has been predicted that by 2023, Coca-Cola stock prices will rise to their current level. Our research indicates that the highest possible price for Coca-Cola stock by 2023 is $85.12.
Do CocaCola employees get stock? ›Employee stock options (ESPPs) differ from RSUs and GSUs in that they aren't granted to employees free of charge. Instead, employees have the option to buy into company shares at a predetermined, discounted rate after a vesting period.
What is the payout ratio for CocaCola stock? ›The Coca-Cola Company's ( KO ) dividend yield is 2.93%, which means that for every $100 invested in the company's stock, investors would receive $2.93 in dividends per year. The Coca-Cola Company's payout ratio is 58.89% which means that 58.89% of the company's earnings are paid out as dividends.
Has Coca Cola sales dropped 2023? ›CocaCola revenue for the twelve months ending March 31, 2023 was $43.493B, a 8.39% increase year-over-year. CocaCola annual revenue for 2022 was $43.004B, a 11.25% increase from 2021.
Did Coke raise its dividend? ›The board of The Coca-Cola Company (NYSE:KO) has announced that it will be paying its dividend of $0.46 on the 3rd of July, an increased payment from last year's comparable dividend.
What is the highest coke stock has ever been? ›- The all-time high CocaCola stock closing price was 64.30 on April 21, 2022.
- The CocaCola 52-week high stock price is 65.47, which is 8.6% above the current share price.
- The CocaCola 52-week low stock price is 54.02, which is 10.4% below the current share price.
Coca-Cola's next dividend payment date is on Jul 02, 2023, when Coca-Cola shareholders who own KO shares before Jun 14, 2023 will receive a dividend payment of $0.46 per share.
What is Coca Cola most recent dividend? ›Historical dividend payout and yield for CocaCola (KO) since 1964. The current TTM dividend payout for CocaCola (KO) as of May 25, 2023 is $1.84. The current dividend yield for CocaCola as of May 25, 2023 is 3.05%.
What is the highest dividend paying stock? ›| Name | Price | Price Change |
|---|---|---|
| IBM International Business Machines | $128.89 | $2.13 (1.68%) |
| CVX Chevron | $154.08 | $0.48 (-0.31%) |
| EOG EOG Resources | $110.12 | $0.28 (-0.25%) |
| ET Energy Transfer | $12.65 | $0.08 (-0.63%) |
Coca-Cola stock has received a consensus rating of buy. The average rating score is A1 and is based on 30 buy ratings, 10 hold ratings, and 0 sell ratings.
Will share a Coke come back? ›
“We're excited to bring back 'Share a Coke' this year, refreshed with more names and now last names.
What is the cola adjustment for 2023? ›While the 2022 COLA adjustment was 5.9%, government inflation data showed costs grew at a faster pace for much of last year. Now, the 8.7% COLA for 2023 is outpacing current inflation, with a 5.8% increase over the past 12 months for the consumer price index for urban wage earners and clerical workers, or CPI-W.
Is Coca Cola losing money 2022? ›CocaCola net income/loss for the twelve months ending March 31, 2023 was $24.892B, a 0.25% increase year-over-year. CocaCola annual net income/loss for 2022 was $9.571B, a 2.38% decline from 2021.
Why did Coca Cola stock drop in 2022? ›Key Data Points. We can attribute Coca-Cola's slump to the generally sour investor sentiment that grew through the summer. The war in Ukraine, persistent inflation, and supply chain hiccups throughout various economic sectors made people nervous. And when they're nervous, they tend to trade out of stocks.
Why is Coca-Cola stock dropping? ›Poor Timing: The biggest issue for KO right now is the negative price trend that has formed over the past few months - which was strengthened by yesterday's news about profit concerns. Right now, the RT rating of 0.83 is poor. This is derived from the direction, dynamics, and magnitude of the stock's price movement.
Is Coke a stable stock? ›Price Volatility
Stable Share Price: COKE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week. Volatility Over Time: COKE's weekly volatility (5%) has been stable over the past year.
The third section will help you know the total dividend earned on a 1000$ investment in KO over 10 years. By investing 1000$ in KO 10 years ago, you would have earned a total dividend of 428$ (until 2023-04-18). For more detailed history of KO stock dividend report.
What is the 12 month forecast for Coca-Cola stock? ›Stock Price Forecast
The 20 analysts offering 12-month price forecasts for Coca-Cola Co have a median target of 70.00, with a high estimate of 75.00 and a low estimate of 63.00. The median estimate represents a +14.99% increase from the last price of 60.88.
Dividend Summary
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.9. Our premium tools have predicted Coca-Cola Co with 98% accuracy. Sign up for Coca-Cola Co and we'll email you the dividend information when they declare.
Later that year, Coca-Cola made its initial public offering (IPO) on the New York Stock Exchange (NYSE), for $40 per share.
When did Coke stock split? ›
The most recent stock split occured on August 13th, 2012. One KO share bought prior to June 1st, 1977 would equal to 96 KO shares today.
What will the stock price of Coca Cola be in 2040? ›Coca cola stock price prediction 2040
As per our forecast, as average value of coca cola stock can be around $320 in 2040. The year can end with a maximum value of $350 if there is any bullish event.
There are other unique benefits that are exclusive to this company. For example, you may get free Coca-Cola products during your shifts. They offer training programs to associates, so you'll be able to do your job with confidence. There's even a Coca-Cola University.
Can Coke employees drink Pepsi? ›Yes you would be fired. Upon being hired you actually sign an agreement stating you will not purchase or consume ANY competitors products or face termination. We are given cards showing the most common brands owned by competitors. This includes eating at establishments that serve only Pepsi products.
Who owns the most stock in Coca-Cola? ›Berkshire Hathaway is the largest shareholder of Coca-Cola, owning 9.2% of its shares. As of December 2022, the market value of Berkshire Hathaway's stake in Coca-Cola was $25.4 billion. Berkshire Hathaway owned 400 million shares in Coca-Cola and controlled 400 million shareholder votes as of December 2022.
What is the last dividend? ›The final dividend is declared at the end of the financial year. It can be declared multiple times over the years. While the liquidating dividend is paid when the company ceases to exist and declares the termination of operations.
How to buy one share of Coca Cola stock? ›Shares can be purchased through a Direct Stock Purchase and Dividend Reinvestment Plan sponsored and administered by Computershare Trust Company, N.A. Details about the Computershare Investment Plan, including any fees associated with the Plan, can be viewed and printed from Computershare's website.
How many shares of Coca Cola stock are there? ›Number of shares outstanding as of May 2023 : 4,326,000,000
According to Coca-Cola's latest financial reports and stock price the company's current number of shares outstanding is 4,326,000,000. At the end of 2023 the company had 4,326,000,000 shares outstanding.
This information can be used to compare the two companies and draw conclusions about their respective performance in the year. Coca-Cola sold about 418.4 billion litres of carbonated beverages in 2020, while Pepsi sold 310 billion litres.
How long will Coca-Cola keep? ›Information. Carbonated soft drinks or sodas are not perishable, and are safe past the date stamped on the container. Eventually flavor and carbonation will decrease. For best quality, consume unopened diet sodas within 3 months after the date expires; regular sodas within 9 months.
Is the soda industry declining? ›
After peaking in the late 1990s, per capita soft drink consumption has fallen every year since.
Who pays higher dividend Coke or Pepsi? ›Taking into consideration both PepsiCo's lower Payout Ratio and its higher Dividend Growth Rate [CAGR] over the past 5 years when compared to Coca-Cola, we identify strong indicators that PepsiCo is the slightly more attractive pick for Dividend Income and Dividend Growth Investors.
Did Coca-Cola raise dividend for 61st year and more payout news? ›Coca-Cola (ticker: KO) declared a quarterly disbursement of 46 cents a share, up two cents, or 4.6%. It marked the beverage maker's 61st straight year of raising its dividend. The stock, which yields 3.1%, has a one-year return that is about flat, including dividends, compared with minus 5% for the S&P 500 .
Is Coke or Pepsi a better dividend stock? ›Comparing KO and PEP over the last five years on the basis of Total Return (including dividends) shows a significant difference in returns, with PEP up 125% which is 65% more than Coke's 76% increase. So from the above, Pepsi outshines Coke in terms of growth, dividends, and price performance.
How much was a Coke in 1975? ›But the price of Coke stayed at a nickel. That was partly due to another obstacle: the vending machine. The Coca-Cola vending machines were built to take a single coin: a nickel.
What is the highest any stock price ever? ›Top Companies by Stock Price
The most expensive publicly traded share of all time is Warren Buffett's Berkshire Hathaway (BRK. A), which was trading at $458,675 per share, as of January 2022. Berkshire hit an all-time high on Jan. 18, 2022, at $487,255.
One Year Stock Price Total Return for Coca-Cola is calculated as follows: Last Close Price [ 60.26 ] / Adj Prior Close Price [ 62.82 ] (-) 1 (=) Total Return [ −4.1% ] Prior price dividend adjustment factor is 0.97.
Is CocaCola stock expected to rise? ›Stock Price Forecast
The 20 analysts offering 12-month price forecasts for Coca-Cola Co have a median target of 70.00, with a high estimate of 75.00 and a low estimate of 63.00. The median estimate represents a +16.16% increase from the last price of 60.26.
Coca-Cola revenue grew, profits dipped in 2022.
What was CocaCola q2 earnings release? ›Revenues: Net revenues grew 12% to $11.3 billion, and organic revenues (non-GAAP) grew 16%. Organic revenue (non-GAAP) performance was strong across operating segments and included 12% growth in price/mix and 4% growth in concentrate sales.
How much debt does CocaCola have in 2022? ›
CocaCola long term debt for the quarter ending March 31, 2023 was $36.134B, a 2.48% decline year-over-year. CocaCola long term debt for 2022 was $36.377B, a 4.56% decline from 2021.
What will the price of Coca-Cola stock be in 2023? ›It has been predicted that by 2023, Coca-Cola stock prices will rise to their current level. Our research indicates that the highest possible price for Coca-Cola stock by 2023 is $85.12. If sales trends continue, however, the average cost of a Coca-Cola can reach $76.05.
Is Coca-Cola stock a buy right now? ›Coca-Cola stock has received a consensus rating of buy. The average rating score is A1 and is based on 30 buy ratings, 10 hold ratings, and 0 sell ratings.
Is Coke a good stock to buy now? ›Coke is a high-quality name for a dividend stock investor's watchlist. We like Coca-Cola's KO strategic focus on a total beverage portfolio and think the company's pivot to nonsparkling categories bodes well for healthy top-line growth over our forecast period.
Is Coca-Cola growing or declining? ›Coca-Cola reports its case volume for major regions, as well as global numbers. Global unit case volume growth is expected to drop over 700 basis points to 0.86%. Latin America, Asia Pacific, and North America are all expected to report volume growth, albeit at the lowest rates in years.
What is the most sold soda 2022? ›The Coca-Cola Company quote is equal to 60.260 USD at 2023-05-29. Based on our forecasts, a long-term increase is expected, the "KO" stock price prognosis for 2028-05-19 is 82.566 USD. With a 5-year investment, the revenue is expected to be around +37.02%. Your current $100 investment may be up to $137.02 in 2028.
Does Coca-Cola make more money than Pepsi? ›Coca-Cola generated over $43 billion in revenue, compared to PepsiCo's over $86 billion in 2022. PepsiCo has its primary operations in the US. Coca-Cola is the largest beverage company in the world.
Did Coca-Cola beat earnings? ›Coca-Cola beat first-quarter revenue and earnings estimates Monday following price increases. Coca-Cola (ticker: KO) posted first-quarter adjusted earnings of 68 cents a share on sales of $11 billion, up 5% year-over-year.
What is Coca-Cola best selling product? ›Coca‑Cola Classic.
Our original and iconic cola is still our top-seller.
Who is bigger Coke or Pepsi? ›
Coca-Cola's market capitalization was approximately 241.77 billion U.S. dollars as of August 2021, while PepsiCo's market capitalization was about 216.25 billion U.S. dollars. This statistic is a testament to the success of Coca-Cola in the market, as it has a significantly higher market capitalization than PepsiCo.
What is the salary of the CEO of CocaCola? ›In 2021, the salary for Coca-Cola CEO James Quincy was $24.6 million. This includes his cash compensation which is his base pay of $1.6 million, and a $6.4 million bonus. It also includes equity he received which is about $16.4 million in stocks.
What is the most debt company in the world 2022? ›Toyota is now the most indebted firm in the world, with a net debt of $192 billion for the fiscal year 2021–2022.