COMPANY- COCO COL

2023

VIKASH K R 7/29/23 ASSIGNMENT 3

 SRI KRISHNA ARTS AND SCIENCE COLLEGE,
KUNIAMUTHUR, COIMBATORE- 641 008.

NAME: VIKASH K R

ROLL.NO: 22BCO156

COURSE: II B.COM B

PROJECT: CAPSTONE PROJECT

CAPSTONE TITLE: COMPANY- COCO COLA

ASSIGNMENT NO: 3- SHARE DETAILS OF 2022- 23.

DATE OF SUBMISSION: 29.07.2023

COORDINATOR: PROF. SATHYA PRASAD SIR

 TABLE OF CONTENTS.

1) INTRODUCTION
2) HIGHLIGHTS OF QUARTERLY PERFORMANCE
3) THE COCA-COLA COMPANY INFLATION-PROOF
4) QUARTERLY RESULTS
5) SECTORS OF OTHER NON-ALCOHOLIC BEVERAGES
6) INCOME STATEMENT EVOLUTION
7) QUARTERLY EARNINGS - RATE OF SURPRISE
8) QUOTES OF 5 DAYS VIEWS
9) CONCLUSION
INTRODUCTION:

ATLANTA, July 26, 2023 - The Coca-Cola Company today

reported strong second quarter 2023 results, showing continued momentum in a
dynamic operating environment. "I am encouraged that our all-weather strategy,
working together with our bottling partners, has delivered strong second quarter
results," said James Quincey, Chairman and CEO of The Coca-Cola Company. "We
are executing efficiently and effectively on a local level, while maintaining flexibility on
a global level. The strength of our first half results and the resiliency of our business
give us the confidence to raise our 2023 guidance."

HIGHLIGHTS OFQUARTERLY PERFORMANCE:

 Revenues: Net revenues grew 6% to $12.0 billion, and organic revenues (non-GAAP)
grew 11%. Revenue performance included 10% growth in price/mix and 1% growth
in concentrate sales. Concentrate sales were 1 point ahead of unit case volume, largely
due to the timing of concentrate shipments.
 Operating margin: Operating margin was 20.1% versus 20.7% in the prior year,
while comparable operating margin (non-GAAP) was 31.6% versus 30.7% in the
prior year. Operating margin decline was primarily driven by items impacting
comparability and currency headwinds. Comparable operating margin (non-GAAP)
expansion was primarily driven by strong topline growth and the impact of
refranchising bottling operations, partially offset by an increase in marketing
investments and higher operating costs versus the prior year, as well as currency
headwinds.
 Earnings per share: EPS grew 34% to $0.59, and comparable EPS (non-GAAP)
grew 11% to $0.78. Comparable EPS (non-GAAP) performance included the impact
of a 6-point currency headwind.
  Market share: The company gained value share in total non-alcoholic ready-to-drink
(NARTD) beverages.
 Cash flow: Cash flow from operations was $4.6 billion year-to-date, an increase of
$83 million versus the prior year, driven by strong business performance and working
capital initiatives, partially offset by the transition tax payment made during the
second quarter. Free cash flow (non-GAAP) was $4.0 billion year-to-date, a decline
of $45 million versus the prior year.

THE COCA-COLA COMPANY INFLATION-PROOF:

Exactly one century ago, a small bottle of Coca-Cola cost $0.05, compared to $1.60
today.

Over the long trend, a decade of fiscal years between 2012 and 2022, there is a
resumption of growth - after a decline in sales at the beginning of the period - combined
with a clear expansion of operating margins.

Over the period, Coca-Cola generates an average annual cash profit of $8 billion. It
returns three-quarters of this in dividends, while the remaining quarter is used for
share buybacks - a capital allocation that makes sense given that the stock price has
never been low enough to accelerate buybacks.

Coca-Cola's stock actually looks more like a bond, with a coupon - free cash flow per
share - as stable as it is reliable at $1.8 on average over the decade. At $64 a share, or
x35 earnings, the exceptional resilience of the underlying business is unsurprisingly
reflected in the current valuation.

QUARTERLY RESULTS:
Net revenues grew 6%;

organic revenues (non-GAAP) grew 11%

Operating income grew 3%;

comparable currency neutral operating income (non-GAAP) grew 15%

Operating margin was 20.1% versus 20.7% in the prior year;
SECTOR OTHER NON-ALCOHOLIC BEVERAGES:
INCOME STATEMENT EVOLUTION:

QUARTERLY EARNINGS - RATE OF SURPRISE:

QUOTES 5 DAYS VIEWS:

CONCLUSION:

ATLANTA Coca-Cola Co. (KO) on Wednesday reported second-quarter

earnings of $2.55 billion. The Atlanta-based company said it had profit of
59 cents per share.