What caused Coca-Cola's operating profit drop in Q3 2024?

Coca-Cola's operating profit for Q3 2024 was $2.35 billion. The company's operating profit drop in Q3 2024 can be attributed to the following factors: 1. **Expected Top-Line Decline**: The company was expected to report a year-over-year top-line decline in the third quarter, which could indicate a decrease in operating profit due to lower revenues. 2. **Currency Headwinds**: The impact of currency headwinds could have affected the company's operating profit. Currency fluctuations can influence the cost of operations, particularly for a global company like Coca-Cola, which operates in multiple countries. In conclusion, Coca-Cola's operating profit drop in Q3 2024 was likely a result of a combination of factors including expected top-line decline and currency headwinds. |code|Ticker|Name|Date|Operating Income YoY|Operating Income|market_code| |---|---|---|---|---|---|---| |KO|KO.N|The Coca-Cola|2023 Q4|11.128526645768025|2.127E9|169| |KO|KO.N|The Coca-Cola|2024 Q1|-36.61081251975972|2.005E9|169| |KO|KO.N|The Coca-Cola|2024 Q2|10.573078631719236|2.489E9|169| |KO|KO.N|The Coca-Cola|2024 Q3|-25.460317460317462|2.348E9|169|