The Coca-Cola Company announced on Wednesday that its net revenue in the third quarter of fiscal 2024 stood at $11.9 billion, decreasing by 1% from the same quarter in the previous year. The company's net income dropped by 8% compared to the same period in the previous year to reach $2.85 billion, while its diluted earnings per share (EPS) declined by 7% and stood at $0.66.
"Our business continues to demonstrate resilience in the face of a dynamic external environment," CEO James Quincey said. "We are encouraged by our year-to-date performance and our system's ability to manage near-term challenges while also remaining focused on long-term growth opportunities," he added.
Coca-Cola's shares slipped by 1.25% during the premarket hours and sold for $69.45 at 7:10 am ET.
