The Coca-Cola Company (KO) dbAccess Global Consumer Conference (Transcript)

The Coca-Cola Company (NYSE:KO) dbAccess Global Consumer Conference June 6, 2024 5:00 AM ET

Company Participants

John Murphy - President and CFO

Conference Call Participants

Steve Powers - Deutsche Bank

Steve Powers

All right. Good morning, everybody. I'm thrilled to welcome Coca-Cola back to our conference. With us today are President and Chief Financial Officer, John Murphy. John, thanks for joining us.

John Murphy

Pleasure to be with you, Steve.

Steve Powers

Okay. Great. So we'll use the entirety of our time for some Q&A.

Steve Powers

And John, I just want to start, I guess, kind of big picture. We've been through a lot over the last several years. Your business has been remarkably resilient, stable, balanced growth, especially relative to a lot of other companies through that period. Essentially, there's a lot of drivers, I'm sure, involved. But how would you summarize what's allowed you to sustain that delivery?

John Murphy

Well, Steve, good to be back. And it indeed has been a very interesting few years. I'd couch maybe my answer into a few buckets. Number one, I think one of the intangibles that we probably don't -- we don't talk about a lot is just what's the ambition -- the underlying ambition that we have as a company, we have as a system to create value. And I think that the last few years, we've developed a mindset internally that is pretty aggressive, pretty aggressive in terms of what we want to accomplish, both as a company and in partnership with our bottling partners around the world. And that makes a big difference. I think connected very much to that then is a belief in the strategy that we are deploying and a willingness to stay kind of boring with the strategy and to keep consistency at its core. We've talked for many years about following the consumer and the opportunity that, that creates. And I