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MarketScreener Homepage  >  Equities  >  Nyse  >  The Coca-Cola Company    KO

THE COCA-COLA COMPANY

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Coca-Cola Sales Rise in Third Quarter

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10/18/2019 | 07:47am EST

By Patrick Thomas

Coca-Cola Co. said its sales rose in its latest quarter, helped by higher demand for its namesake soft drinks.

Organic revenue, which excludes currency swings, acquisitions and divestitures, increased 5% from the same time a year ago. Global unit case volume grew 2% in the quarter.

The beverage giant on Friday reported a profit of $2.59 billion, or 60 cents a share, compared with $1.89 billion, or 44 cents a share, a year ago. The company posted an adjusted profit, which excludes one-time costs, of 56 cents a share. Analysts polled by FactSet were expecting earnings of 56 cents a share.

Net revenue rose about 8% to $9.5 billion from $8.78 billion a year earlier. Analysts had expected $9.43 billion of revenue in the quarter.

In North America, unit case volume grew 1%, driven by a 3% increase in Coca-Cola and double-digit growth in Coke Zero Sugar.

Sales of water, enhanced water and sports drinks increased 2% in the quarter. Tea and coffee volume climbed 4%.

Coca-Cola also raised its guidance for operating income on a currency neutral basis, and now expects it to increase between 12% and 13%, instead of between 11% and 12%.

Write to Patrick Thomas at Patrick.Thomas@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
JOHNSON MATTHEY PLC -2.48% 2709 Delayed Quote.-9.58%
LONDON SUGAR -0.26% 420.1 End-of-day quote.16.79%
THE COCA-COLA COMPANY 0.69% 60.13 Delayed Quote.8.64%
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Financials (USD)
Sales 2020 39 018 M
EBIT 2020 11 089 M
Net income 2020 9 702 M
Debt 2020 31 562 M
Yield 2020 2,76%
P/E ratio 2020 26,8x
P/E ratio 2021 24,7x
EV / Sales2020 7,40x
EV / Sales2021 7,03x
Capitalization 257 B
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Technical analysis trends THE COCA-COLA COMPANY
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 62,90  $
Last Close Price 60,13  $
Spread / Highest target 9,76%
Spread / Average Target 4,61%
Spread / Lowest Target -5,21%
EPS Revisions
Managers
NameTitle
James Quincey Chairman & Chief Executive Officer
Brian John S. Smith President & Chief Operating Officer
John Murphy Chief Financial Officer & Executive Vice President
Nancy W. Quan Chief Technology Officer & Senior Vice President
Barry N. Simpson Chief Information Officer & Senior Vice President
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