Coca-Cola Reports Q1 Earnings Beat, Raises Full-Year EPS Guidance
Beverage giant projects 8%-9% comparable EPS growth, up from prior 7%-8% forecast
Quick Look
- Coca-Cola reported first-quarter earnings and revenue that exceeded Wall Street expectations, with adjusted EPS of 86 cents versus 81 cents expected, and revenue of $12.47 billion versus $12.24 billion expected.
- The beverage giant raised its full-year comparable EPS growth guidance to 8%-9% from 7%-8%, while maintaining its organic revenue growth outlook of 4%-5%.
- Shares rose 1% in premarket trading following the report.
AI-generated summary
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts' expectations. For the full year, Coke is now projecting comparable earnings per share growth of 8% to 9%, up from its prior forecast of 7% to 8%. It reiterated its prior outlook of organic revenue growth of 4% to 5%. Shares of the company rose 1% in premarket trading. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 86 cents adjusted vs. 81 cents expected Revenue: $12.47 billion adjusted vs. $12.24 billion expected Excluding items, the beverage giant earned 86 cents per share. Adjusted net sales climbed 12% to $12.47 billion.
