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CLAIM #35263 · The Coca-Cola Company (KO) · 2021Q3 earnings call · Oct 27, 2021 · due Dec 31, 2021

October has started strong and in line with expectations so we feel good.

James Quincey · CEO

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versus commitment · official band 5 percent
Committed
October has started strong and in line with expectations so we feel good.
Reported
Our Q4 organic revenue growth was 9%.

In context

to be growing versus -- in a full quarter versus 2019. So a sequential improvement, as we've been going through this year from the first half, which was below 2019 to the third quarter, which was above it. So it's clearly sequential improvement coming through as we have adapted our ability to cope with the ups and downs of the lockdowns and the re-openings. Now, in the quarter as you say, we called out that July started well, and then August was softer as there were more lock downs and then September was better. When you think about where that's going in the fourth quarter and into next year, clearly the fact that we have raised or clarified guidance on revenue to be the top end of the range should lead you to feel confident that we see visibility in the downhill of the rest of this year. October has started strong and in line with expectations so we feel good. The momentum is there. I've made the caveat, as many other people have done through COVID, that who knows what could happen in the downhill with variants and with lock downs. But at the moment what we see is the momentum is there, we feel good about our top-line guidance for the year and October backs up that statement. And then as it goes through 2022, obviously too early to call the full year next year, and we will do so in February. But again, in the comments, in the press release, in John's comments, we said we feel that we think we have momentum in the business. Again, the caveats of who knows what will happen with variance and potential lock downs but we do see the world emerging from the crisis a bit like an earthquake. You get more aftershocks, but the consequent aftershocks tend

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SEC filings for KO · Claim quote is verbatim from the 2021Q3 earnings call.