Coca‑Cola Reports Second Quarter 2023 Results and Raises Full-Year Guidance
Revenues: Net revenues grew 6% to $12.0 billion, and organic revenues grew 11%. Revenue performance included 10% growth in price/mix and 1% growth in concentrate sales.
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.
Price/mix grew 10%, primarily driven by pricing actions in the marketplace.
Price/mix grew 14%, driven by pricing actions across operating units along with inflationary pricing in Türkiye.
