On Wednesday, Coca-Cola Company (NYSE: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. Revenue performance included a 10% growth in price/mix and a 2% decline in concentrate sales. Concentrate sales were 1 point behind unit case volume, primarily due to the timing of concentrate shipments. Adjusted operating margin was 30.7% versus 29.7% in the prior year, driven by a charge of $919 million related to the remeasurement of the contingent consideration liability to fair value related to the acquisition …
