The Coca-Cola Company (NYSE:KO) Q4 2023 Earnings Conference Call February 13, 2024 8:30 AM ET

Company Participants

Robin Halpern - Vice President & Head of Investor Relations

James Quincey - Chairman & Chief Executive Officer

John Murphy - President & Chief Financial Officer

Conference Call Participants

Lauren Lieberman - Barclays

Dara Mohsenian - Morgan Stanley

Bonnie Herzog - Goldman Sachs

Bryan Spillane - Bank of America

Stephen Powers - Deutsche Bank

Rob Ottenstein - Evercore ISI

Chris Carey - Wells Fargo

Andrea Teixeira - JPMorgan

Bill Chappell - Truist Securities

Kaumil Gajrawala - Credit Suisse

Peter Grom - UBS

Charlie Higgs - Redburn Atlantic

Carlos Laboy - HSBC

Operator

At this time, I'd like to welcome everyone to the Coca-Cola Company's Fourth Quarter 2023 Earnings Results Conference Call. Today's call is being recorded. If you have any objections, please disconnect at this time. All participants will be on listen-only mode until the formal question-and-answer portion of the call.

I would like to remind everyone that the purpose of this conference is to talk with investors and therefore, questions from the media will not be addressed. Media participants should contact Coca-Cola's Media Relations Department if they have any questions.

I would now like to introduce Ms. Robin Halpern, Vice President and Head of Investor Relations. Ms. Halpern, you may now begin.

Robin Halpern

Good morning, and thank you for joining us. I'm here with James Quincey, our Chairman and Chief Executive Officer; and John Murphy, our President and Chief Financial Officer. We've posted schedules under financial information in the Investors section of our company website. These reconcile certain non-GAAP financial measures that may be referred to this morning to results as reported under generally accepted accounting principles.

You can also find schedules in the same section of our website that provide an analysis of our growth and operating margin. This call may contain forward-looking statements, including statements concerning long-term earnings objectives which should be considered in conjunction with cautionary statements contained in our earnings release and in the company's periodic SEC reports.

Following prepared remarks, we will take your questions. Please limit yourself to one question. Re-enter the queue to ask any follow-up.

Now, I will turn the call over to James.

James Quincey

Thanks, Robin. And good morning, everyone. In 2023, we achieved our near-term goals, while also positioning our business for the long-term. Our all-weather strategy delivered 8% comparable earnings per share growth despite greater than expected 7% currency headwinds. Today, we are leveraging our scale globally and winning locally, which gives us confidence that we can deliver on our 2024 guidance.