Coca-cola Company (the) · NYSE:KO
Coca-cola Company (the) — Q1 2024 Earnings Presentation
6 slides from Coca-cola Company (the)'s earnings presentation, Apr 30, 2024
Slide 1: Q1 2024 Margin Analysis
Q1 2024 MARGIN ANALYSIS April 30, 2024 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 Generally
Slide 2: Consolidated Gross Margin
Q1 2024 MARGIN ANALYSIS CONSOLIDATED GROSS MARGIN KEY TAKEAWAYS • Items impacting comparability primarily relate to economic hedging activities. ~20bps 62.5% • Underlying gross margin expanded ~110bps 62.3% by ~60 bps, driven by strong price/mix accelerating top line growth across segments, partiall
Slide 3: Consolidated Operating Margin
Q1 2024 MARGIN ANALYSIS CONSOLIDATED OPERATING MARGIN KEY TAKEAWAYS Operating segment mix tailwind of ~10bps • Items impacting comparability driven by relative underperformance of our lower margin, finished goods Global Ventures primarily relate to the current operating segment versus our geographic
Slide 4: Appendix: Reconciliations of GAAP and Non-GAAP Financial Measures
APPENDIX RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES
Slide 5: 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 March 29, 2024 March 31, 2023 Growth Reported Gross Margin (GAAP) 62.52% 60.68% 184 Items Impacting Comparability (Non-GAAP) 0.24%
Slide 6: 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 March 29, 2024 March 31, 2023 Growth (Decline) Reported Operating Margin (GAAP) 18.94% 30.66% (1,172) Items Impacting Comparab
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