Consumer Staples
Beverages - Non-Alcoholic
$269.37B
79.1K
Key insights and themes extracted from this filing
Net operating revenues for Q3 2024 were $11,854 million, a decrease of $99 million (1%) compared to Q3 2023. Foreign currency exchange rate fluctuations negatively impacted net operating revenues by 5%.
Operating income for Q3 2024 was $2,510 million, a decrease of $760 million (23%) compared to Q3 2023. The decrease was primarily due to refranchising, higher commodity costs, unfavorable currency exchange rates, and higher other operating charges.
Gross profit margin decreased to 60.7% for Q3 2024, compared to 61.0% for Q3 2023. The decrease was primarily due to the unfavorable impact of foreign currency exchange rate fluctuations and higher commodity costs.