Coca-Cola Is Well-Positioned For Long-Term, Sustainable Growth, Says Goldman Sachs
Goldman Sachs(GS) Benzinga·2024-10-24 03:14
On Wednesday, Coca-Cola Company KO reported a third-quarter 2024 sales decline of 1% year-on-year to $11.9 billion, beating the analyst consensus estimate of $11.59 billion.Unit case volume declined by 1%. Growth led by Brazil, the Philippines, and Japan was more than offset by declines in China, Mexico, and Turkey.Goldman Sachs highlighted that despite somewhat tempered investor expectations for the third quarter —partly due to PepsiCo Inc‘s PEP weaker-than-expected performance—Coca-Cola exceeded expectati ...