Coca-cola Company (the) · NYSE:KO
Coca-cola Company (the) — Q3 2025 Earnings Presentation
8 slides from Coca-cola Company (the)'s earnings presentation, Oct 21, 2025
Slide 1: Q3 2025 Margin Analysis
Q3 2025 MARGIN ANALYSIS October 21, 2025 RECONCILIATION TO U.S. GAAP FINANCIAL INFORMATION The following presentation includes certain "non-GAAP financial measures" as defined in Regulation G under the Securities Exchange Act of 1934. A schedule which reconciles our results as reported under General
Slide 2: Q3 2025 Consolidated Gross Margin
Q3 2025 MARGIN ANALYSIS CONSOLIDATED GROSS MARGIN KEY TAKEAWAYS • Items impacting comparability primarily relate to economic hedging activities. ~80bps ~(100bps) ~50bps 61.5% • Underlying gross margin expanded ~50bps 61.2% by ~80 bps, driven by organic ~10bps 61.0% 60.7% revenue growth, partially of
Slide 3: YTD 2025 Consolidated Gross Margin
YTD 2025 MARGIN ANALYSIS CONSOLIDATED GROSS MARGIN KEY TAKEAWAYS • Items impacting comparability primarily relate to economic hedging activities. ~100bps ~(80bps) ~20bps 62.1% ~10bps 61.9% • Underlying gross margin expanded ~20bps 61.6% 61.4% by ~100 bps, driven by organic revenue growth, partially
Slide 4: Q3 2025 Consolidated Operating Margin
Q3 2025 MARGIN ANALYSIS CONSOLIDATED OPERATING MARGIN KEY TAKEAWAYS • Items impacting comparability primarily relate to the remeasurement of the fairlife contingent consideration liability ~260bps ~(150bps) in the prior year, asset ~10bps 32.0% impairments, restructuring ~10bps 31.9% initiatives and
Slide 5: YTD 2025 Consolidated Operating Margin
YTD 2025 MARGIN ANALYSIS CONSOLIDATED OPERATING MARGIN KEY TAKEAWAYS • Items impacting comparability primarily relate to charges for the remeasurement of the fairlife contingent consideration liability in ~270bps ~(120bps) the prior year, the impairment of ~0bps 33.5% ~(40bps) 33.0% the BODYARMOR® t
Slide 6: Appendix: Reconciliations of GAAP and Non-GAAP Financial Measures
APPENDIX RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES
Slide 7: Reconciliation of GAAP and Non-GAAP Financial Measures: Gross Margin
THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures (UNAUDITED) Gross Margin: Three Months Ended Three Months Ended Basis Point September 26, 2025 September 27, 2024 Growth (Decline) Reported Gross Margin (GAAP) 61.49% 60.65% 84 Items Impacting Comparability
Slide 8: Reconciliation of GAAP and Non-GAAP Financial Measures: Operating Margin
THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures (UNAUDITED) Operating Margin: Three Months Ended Three Months Ended Basis Point September 26, 2025 September 27, 2024 Growth Reported Operating Margin (GAAP) 31.97% 21.17% 1,080 Items Impacting Comparabilit
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