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

THE COCA-COLA COMPANY

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Coca Cola : Warns of 1Q Coronavirus Hit But Backs Full-Year Guidance

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02/21/2020 | 06:49am EDT

By Colin Kellaher

 

Coca-Cola Co. on Friday warned that the coronavirus epidemic in China will clip its first-quarter sales and earnings, but the beverage giant is standing by its full-year 2020 forecasts.

The Atlanta company said it currently expects the Covid-19 epidemic will reduce its quarterly per-share earnings by one cent to two cents. It also expects a roughly two- to three-point impact on unit case volume and a one- to two-point impact on organic revenue.

China is the company's third-largest market in terms of unit case volume.

Coca-Cola, which last month said it expects organic revenue growth of about 5% and adjusted earnings of $2.25 a share this year, said it still expects to achieve its full-year guidance.

The company noted that the Covid-19 situation continues to evolve, and said it will provide more information during its first-quarter earnings call in April.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
THE COCA-COLA COMPANY -0.68% 43.72 Delayed Quote.-20.60%
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Financials (USD)
Sales 2020 36 769 M
EBIT 2020 10 260 M
Net income 2020 8 928 M
Debt 2020 31 473 M
Yield 2020 3,76%
P/E ratio 2020 22,1x
P/E ratio 2021 20,3x
EV / Sales2020 5,99x
EV / Sales2021 5,70x
Capitalization 189 B
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 53,73  $
Last Close Price 43,95  $
Spread / Highest target 47,9%
Spread / Average Target 22,2%
Spread / Lowest Target 0,11%
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
Wamwari Waichungo Vice President-Scientific & Regulatory Affairs
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