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Coca-Cola Icecek AS (COLZF)
OTHER OTC:COLZF
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 8.67%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in net sales revenue per unit case and market share gains in some regions, but also highlighted challenges such as volume declines, particularly in Turkiye and Pakistan, and macroeconomic pressures. While there were notable successes in cost management and market share growth, the balance between positive and negative aspects suggests an equilibrium in company performance.Company Guidance
During the Coca-Cola Icecek Q3 2024 earnings call, the company provided guidance amid challenging macroeconomic conditions. CCI reported a 9.2% decline in consolidated volume to 438-million-unit cases but achieved a 9.9% year-on-year growth in net sales revenue per unit case in USD terms, reaching $2.70, marking the highest in the last decade. Despite a 12% decrease in sparkling beverage volume, stills volume grew by 6.8%. The company recorded a TRY 36.7 billion revenue with a 129-basis points increase in gross profit margin, while EBIT margin remained flat at 16.3% year-to-date. CCI revised its full-year sales volume guidance to a low to mid-single-digit decline and adjusted FX-neutral net sales revenue growth to 10-20%, maintaining its EBIT margin guidance at slight decline to flat. These results were achieved through strategic mix management and prudent pricing, despite high inflation and geopolitical tensions affecting consumer purchasing power.Record Net Sales Revenue per Unit Case
CCI reported a $2.70 net sales revenue per unit case, marking the highest net sales revenue per unit case generation in USD terms within the third quarters of the last decade, excluding inflation accounts.
Gross Profit and EBITDA Margin Improvements
The company achieved a 129-basis point expansion in gross profit margin and a 10-basis point improvement in EBITDA margin year-on-year.
Market Share Expansion in Key Regions
In Turkiye, CCI's volume share in sparkling improved by 3.4 percentage points as of September versus December 2023. In Kazakhstan, the volume market share in the sparkling category increased by 18 basis points year-on-year.
Positive Growth in Iraq and Azerbaijan
Iraq and Azerbaijan continued their strong growth momentum, recording 6.7% and 6.2% year-on-year increases in the third quarter of 2024.
Diversified Portfolio Success
The stills category now accounts for 9.6% of total sales volume, up from 8.2% last year, demonstrating successful diversification.
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COLZF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COLZF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $1.50 | $1.47 | -2.00% |
| Aug 19, 2024 | $2.18 | $2.25 | +3.21% |
| May 22, 2024 | $2.17 | $2.16 | -0.46% |
| Mar 13, 2024 | $1.72 | $1.70 | -1.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Coca-Cola Icecek AS (COLZF) report earnings?
Coca-Cola Icecek AS (COLZF) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Coca-Cola Icecek AS (COLZF) earnings time?
Coca-Cola Icecek AS (COLZF) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COLZF EPS forecast?
Currently, no data Available
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