Coca Cola Net Worth 2023 (Latest Study!)

Founded in 1892, The Coca-Cola Company has established itself as a prominent American multinational corporation renowned for its flagship beverage, Coca-Cola. In addition to its iconic soda, the company engages in the manufacturing, sales, and marketing of a diverse range of non-alcoholic beverage concentrates, syrups, and even alcoholic beverages. With its stock listed on the New York Stock Exchange (NYSE) and inclusion in prestigious indexes such as the DJIA, S&P 500, and S&P 100, Coca-Cola boasts a robust presence in the industry.

A key aspect of the company’s operations revolves around the production of syrup concentrate, which is subsequently distributed to exclusive bottlers across the globe. Notably, Coca-Cola possesses its own primary bottler in North America, known as Coca-Cola Refreshments. This vertically integrated structure empowers the company to maintain a strong foothold in the North American market.

As of May 26, 2023, Coca Cola’s net worth stands remarkably at an impressive $260.60 billion.

Here’s the breakdown of Coca Cola net worth (for the quarter ended March 31, 2023):


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Coca-Cola’s Q1 2023 Financial Results

Coca-Cola (NYSE: KO) delivered impressive financial results for the first quarter of 2023, surpassing analysts’ expectations. The company reported adjusted earnings per share of 68 cents, beating the estimated 64 cents, while revenue reached $10.96 billion, exceeding the projected $10.8 billion.

Coke’s strong performance in Q1 2023 can be attributed to a combination of price hikes and higher demand for its beverages. The company implemented price increases throughout the previous year and continued to raise prices in various operating segments during the first three months of 2023. These efforts were effective in mitigating the impact of inflation, resulting in a 5% increase in net sales and a remarkable 12% organic revenue growth.

Coca-Cola experienced overall positive volume growth, with unit case volume expanding by 3% during the quarter. While North America’s volume remained flat, Latin America and the Asia-Pacific region showed strong demand for Coke’s beverages. Europe, the Middle East, and Africa saw a 3% decline in volume. Despite the price increases, the higher prices did not significantly affect consumer demand.

Segment Analysis: Sparkling Soft Drinks, Water, Sports, Coffee, and Tea

In Q1 2023, Coke’s sparkling soft drinks unit witnessed a 3% increase in volume. The company’s flagship soda brand, Coca-Cola, also reported 3% volume growth, while Coke Zero Sugar experienced a significant 8% rise in volume.

Coca-Cola’s water, sports, coffee, and tea division saw a 4% increase in volume, driven by strong demand for coffee and bottled water. The coffee business achieved an impressive 9% volume growth, while the water division’s volume rose by 5%.

However, the company faced challenges in certain segments. The earthquake in Turkey negatively impacted demand for tea, resulting in a 3% decline in volume. Additionally, volume for sports drinks, including Bodyarmor and Powerade, also decreased.

Coke’s juice, dairy, and plant-based beverages unit experienced flat volume growth. The suspension of its Russian business offset positive developments, such as strong sales of its Fairlife dairy brand in the U.S.

2023 Outlook and Forecasted Challenges

Coca-Cola reaffirmed its previous forecast for 2023. The company expects organic revenue growth of 7% to 8% and comparable earnings per share growth of 4% to 5% for the year.

However, it anticipates challenges due to commodity inflation, which is projected to impact the cost of goods sold by the mid single digits. While oil spot prices and freight costs have decreased, other commodities’ higher prices are expected to persist.

Financial Flexibility Amid Ongoing Tax Battle with the IRS

Coke’s Chief Financial Officer, John Murphy, stated that the company remains financially flexible despite an ongoing tax battle with the Internal Revenue Service (IRS). In November 2020, the U.S. Tax Court ruled that Coca-Cola owed $3.4 billion in taxes, but that amount has since been reduced to $1.6 billion.

The company is awaiting the tax court’s final opinion to proceed with the appeals process. Despite this dispute, Coca-Cola remains confident in its ability to achieve its capital allocation goals and drive long-term business growth.


Overall, Coca-Cola’s strong financial performance in Q1 2023, driven by price hikes and increased demand, demonstrates the company’s resilience in navigating challenges such as inflation. With a positive outlook for the year ahead and a commitment to financial flexibility, Coke remains well-positioned for continued success.

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