On October 24th, Coca Cola Company released its financial report for the third quarter of 2023. According to the financial report, Coca Cola's revenue in the third quarter was 11.953 billion US dollars, an increase of 8% year-on-year, exceeding market expectations of 11.43 billion US dollars; The operating profit was 3.27 billion US dollars, a year-on-year increase of 6%; The net profit was 3.083 billion US dollars, a year-on-year increase of 9%; Earnings per share was $0.74, a year-on-year increase of 7%, higher than market expectations of $0.69.
In the third quarter financial report, Coca Cola Company raised its performance guidance for the entire year of 2023, with an expected growth rate of organic revenue in the range of 10% to 11%, higher than the previously expected range of 8% to 9%; The growth rate of earnings per share has been raised to the range of 7% to 8%, higher than the previously expected range of 5% to 6%.