The Coca-Cola Company today reported strong third quarter 2022 results as the company continued to build on the momentum from the first half of the year. 2.5 billion transactions in India at affordable price points through the expansion of returnable glass bottles and single-serve PET packages. Sprite has grown to become a billion-dollar brand in the market, driven by the success of locally adapted, occasion-based global marketing campaigns and screentime.
Operating margin, which included items impacting comparability, was 27.9% versus 28.9% in the prior year, while comparable operating margin (non-GAAP) was 29.5% versus 30.0% in the prior year. Earnings per share – EPS grew 14% to $0.65, and comparable EPS (non-GAAP) grew 7% to $0.69. Comparable EPS (non-GAAP) performance included the impact of an 11-point currency headwind.
Net revenues grew 10% to $11.1 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. James Quincey, Chairman and CEO of The Coca-Cola Company said. “Our strong capabilities and consumer insights continue to help us win in the marketplace,”
Coca-Cola reported third quarter 2022 results
