Coca-Cola Q2 2022 net income down by 27% to $1.9bn
Coca-Cola Q2 2022 results : The Coca-Cola Company has reported a net income of $1.9 billion in the second quarter of 2022, a decrease of 27%, compared to $2.62 billion in the same quarter of the previous year.
The diluted net income per share of the American soft drinks giant was $0.44 in the reported quarter ended 1 July 2022, which is a 28% decline compared to $0.61 in the three months ended 2 July 2021.
Coca-Cola Company’s net operating revenues for Q2 2022 were $11.3 billion, an increase of 12% compared to $10.3 billion in the same quarter of the previous year.
James Quincey — Coca-Cola Company chairman and CEO, commenting on Coca-Cola Q2 2022 results, said: “Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we’ve taken to execute for growth in the face of challenges in the operating and macroeconomic environment.
“We are staying true to our purpose, executing on our strategy and delivering value for our stakeholders.”