Sector: Consumer Staples|Industry: Beverages - Non-Alcoholic|Market Cap: $269.37B|Employees: 79.1K
The Coca-Cola Company is a total beverage company that manufactures and sells nonalcoholic beverages globally. Its primary revenue streams come from the sale of concentrates and syrups to independent bottling partners and finished beverages to retailers, wholesalers, and distributors. The company holds a leading market position with strong brand recognition and a wide global distribution network.
The 10-K filing states that net operating revenues were $47,061 million in 2024, compared to $45,754 million in 2023, an increase of $1,307 million, or 3%. This indicates a moderate growth in the company's top-line performance.
The filing indicates that the gross profit margin increased to 61.1% in 2024 from 59.5% in 2023. This improvement suggests enhanced profitability and efficiency in managing the cost of goods sold.
The 10-K filing reveals that operating income decreased by $1.319 billion, or 12%, reaching $9.992 billion in 2024. This decline suggests challenges in controlling operating expenses or adverse impacts from other operating factors.