Everyone knows about Coca-Cola. What you may not know is that Coke is just one of more than 500 drink brands offered by this company. If you sip on Sprite, Fanta, or Minute Maid orange juice, you’re drinking a Coca-Cola product. Ditto for Dasani water, Powerade, Costa coffee, and more.
Income Investor
The company recently released third-quarter results, and they came in ahead of analysts’ projections. Revenue for the quarter was $12.5 billion, up 5% from the same period in 2024. Global unit case volume increased by 1%, reflecting steady demand.
Earnings per share (EPS) were up 30% from last year, to $0.86. Free cash flow was $2.4 billion. CFO John Murphy said during the conference call to discuss the results that the company now expects free cash flow for the year to be $9.8 billion.
The company increased its quarterly dividend by 5.2% last March, to $0.51 per share ($2.04 per year) from $0.485. - Gordon Pape
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KO was first recommended here on May 3, 2021