Advisor: Trump Could Trigger Greatest Windfall in U.S. History

Trump's next move could cement his legacy--and trigger a historic wealth boom. Ex-presidential advisor Jim Rickards reveals how it could hand millions a shot at true financial freedom. Watch the urgent interview while it's still free.

Higher Prices Energized Coca Cola's Q3 Financials

Upwallstreet
October 25, 2024

On Wednesday, The Coca Cola Company (NYSE:KO) surpassed Wall Street estimates on both revenue and earnings fronts as higher prices managed to offset a rather sluggish demand for its beverages in the face of increasingly price-sensitive consumers. 

Third Quarter Highlights

Adjusted net sales were roughly flat compared to last year, amounting to $11.95 billion, surpassing LSEG’s consensus estimate of $11.60 billion. However, when acquisitions, divestitures and currency are excluded, organic revenue actually rose 9%. 

Net income attributable to shareholders went did go down to $2.85 billion, or 66 cents per share while adjusted earnings amounted to 77 cents per share, topping LSEG’s consensus estimate of 74 cents per share.

But, the reality is that North America consumers have been snacking and and drinking less, even its rival PepsiCo Inc (NASDAQ:PEP) noticed it while also dealing with the fallout from Quaker Foods recalls. Pepsi said volume for its North American beverage business fell 3% in its third quarter. Overall, PepsiCo reported disappointing third quarter sales and also trimmed its growth outlook. 

With a weakened international demand, Coca Cola reported its unit case volume fell by 1%. China and Turkey’s declines were specifically named out.

Unit case volume fell 2% in both Europe, Middle East and Africa as well as Asia-Pacific regions. In North America, it was flat, as the weakened demand for water, sports, coffee and tea products offset growth in its namesake soda, juice, dairy, plant-based beverages and sparkling flavors. However, premium products with higher price tags like seltzers have performed well.

Global volume for sparkling soft drinks, like Sprite, and for its namesake soda were both flat, while juice, dairy and plant-based beverages division reported a 3% volume drop, with water, sports, coffee and tea segment's volume shrinking by 4% which was mainly triggered by a 6% drop in bottled water's volume.

Coca Cola executives stated that pricing rose 10% with a more normalized pricing on the horizon going into 2025. 

A Reaffirmed Full Year Outlook

Coca Cola guided for 2024 organic revenue growth of roughly 10% which is the high end of the range between 9% and 10% it had previously provided, while also reiterating its earnings per share growth projection between 5% and 6%. 

While Coca Cola will provide a full-year outlook for the upcoming year with the release of 2024’s fourth quarter earnings report, it already revealed it is expecting currency to hurt its 2025 results, with headwinds for comparable revenue being in low-single digits and for earnings per share being in mid-single digits.

As for the fourth quarter, Coca Cola warned that earnings per share percentage growth will include a 10% currency headwind in addition to headwinds from acquisitions, divestitures and structural changes that will be about 3% to 4%.

DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.

This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Continue Reading...

Popular

Amazon's Zoox Issues Second Robotaxi Recall in a Month After San Francisco Crash

Amazon's autonomous vehicle company Zoox has issued a second software recall for its Robotaxi after a collision in San Francisco.

Only 3 Mag 7 Stocks Pass Peter Lynch's Favorite Valuation Test - Tesla Isn't One of Them

Lynch's PEG ratio helps identify true growth stocks, Mag 7 of Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia, Tesla evaluated, only 3 pass.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Trump's big tax bill has passed the House. Here's what's inside it

WASHINGTON (AP) — House Republicans early Thursday took a major step forward on President Donald Trump’s agenda, approving a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Morris Chang Saw Writing On The Wall 20 Years Ago For The Likes Of Intel And Samsung And Why They Would Never Be Able To Beat TSMC In Foundry Business

In 2007, TSMC founder Morris Chang predicted that Intel and Samsung couldn't succeed in the foundry business due to fundamental cultural differences—and nearly two decades later, his foresight is proving accurate as TSMC maintains dominance while its rivals struggle to catch up.

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025 - Ad

On June 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. One investmentThe altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

CoreWeave, Super Micro Computer And Coinbase Are Among Top 11 Large-Cap Gainers Last Week (May 12-May 16): Are The Others In Your Portfolio?

Large-cap stocks surged in the last week. CoreWeave, Super Micro, Coinbase, NRG Energy, Astera Labs, First Solar, Exelixis, Rocket Lab, Hims & Hers, On Holding and Gap were the top performers.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Nvidia, AMC, PDD Holdings, Trump Media And Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. markets closed higher on Tuesday, with the S&P 500 ending the day 2.05% higher at 5,921.54, while the Dow Jones Industrial Average rose 1.8% to 42,343.65. The Nasdaq also spiked nearly 2.5% to 19,199.16. These are the top stocks that gained the attention of retail traders and investors throughout the day:

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Semtech Slides Despite Record Q1 Sales: 4 Analysts Maintain Ratings

Shares of Semtech Corp (NASDAQ: SMTC) fell despite upbeat quarterly results. Analysts remain positive with raised price targets and strong growth.

Crypto Mogul Justin Sun Dines With Trump, Then Flexes $100K Watch — What's The Deal?

High-profile crypto entrepreneur Justin Sun has added a $100,000 Trump-branded watch to his collection of prized possessions.

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

Assad's fall in Syria turned Turkey and Saudi Arabia from rivals to partners. Will it last?

BEIRUT (AP) — Sunni regional powerhouses and have had a complicated and often contentious relationship over the years. But their ties warmed significantly after in a lightning .

Asian shares slide and US futures and dollar drop after Wall Street's winning week

HONG KONG (AP) — Asian shares fell Monday and U.S. futures and the dollar weakened after the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Air traffic control system must be improved to prevent problems like Newark airport, officials say

The that disrupted flights at New Jersey's largest airport this spring could be repeated anywhere across the country, so Transportation Secretary Sean Duffy is trying to sell Congress on his plan to that will cost “tens of billions.”

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Chuck Schumer Blasts Trump For Backing AI Chip Sales To Saudi Arabia, UAE: 'This Deal Could Very Well Be Dangerous'

Senator Chuck Schumer warned that Trump-backed AI chip deals with Saudi Arabia and the UAE could risk U.S. tech secrets falling into China's hands, undermining national security and export restrictions.

A little bit of farm, a little bit of suburbia: That's the recipe for Agritopia

GILBERT, Ariz. (AP) — Just steps from the porticos, patios, clay-tiled roofs and manicured lawns of suburbia, Kelly Saxer has gotten used to questions. As she weaves through tomato vines, snaps asparagus and generally gets her hands dirty, visitors and even some nearby residents want to know what she’s doing — and how the farm where she works wound up here.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Senate clears way to block clean air standards in California, including vehicle emission rules

WASHINGTON (AP) — Senate Republicans on Wednesday voted to establish a new precedent that will allow them to roll back , including a rule phasing out the sale of new gas-powered cars by 2035.

EA Sports names WRs Ryan Williams, Jeremiah Smith as College Football 26 cover athletes

Alabama's Ryan Williams and Ohio State's Jeremiah Smith are the cover athletes for EA Sports College Football 26, the video-game developer announced Tuesday.

Advisor: Trump Could Trigger Greatest Windfall in U.S. History - Ad

Trump's next move could cement his legacy--and trigger a historic wealth boom. Ex-presidential advisor Jim Rickards reveals how it could hand millions a shot at true financial freedom. Watch the urgent interview while it's still free.

Britain's biggest water firm hit with record fine over sewage and dividends

LONDON (AP) — Britain’s biggest water company was fined almost 123 million pounds ($166 million) on Wednesday for while paying dividends to its shareholders.

The Next Big Thing in AI: Musk's Secret Supplier - Ad

Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.

Elon Musk came to Washington wielding a chain saw. He leaves behind upheaval and unmet expectations

WASHINGTON (AP) — arrived in the nation's capital with the chain saw-wielding swagger of a tech titan who had never met a problem he couldn’t solve with lots of money, long hours or a well-calibrated algorithm.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Thailand and Indonesia announce strategic partnership, vow to boost economic and defense ties

BANGKOK (AP) — Indonesia and Thailand agreed Monday to elevate their relationship to a strategic partnership, during the first state visit by an Indonesian president in 20 years and agreed to push for greater trade and investment.

Scott Bessent Says US-China Trade Talks At Stalemate, Need Trump And Xi Jinping Touch To Break The Deadlock

US-China trade negotiations have stalled, awaiting leaders' involvement. Past talks led by Bessent resulted in a temporary truce, but progress has since been sluggish.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Dealing with a toxic workplace? Talk about it, write it up and if all else fails, leave it behind

NEW YORK (AP) — One week into a new job, Lisa Grouette discovered something missing come Sunday night: the sinking feeling of dread she used to experience before going to work every Monday.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service