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

THE COCA-COLA COMPANY

(KO)
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The Coca-Cola Company : Reaffirms Full Year Guidance and Provides Update on Expected Impact From COVID-19

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02/21/2020 | 06:16am EDT

The Coca-Cola Company – which is presenting today at the Consumer Analyst Group of New York (CAGNY) Conference – is reaffirming its full year guidance in connection with the presentation, along with sharing the expected impact from COVID-19 on first quarter 2020 results.

The company currently estimates an approximate 2- to 3-point impact to unit case volume, 1- to 2-point impact to organic revenue and 1- to 2-penny impact to earnings per share for the first quarter. Based on its latest forecasts, the company still expects to achieve its previously provided full year guidance.

These updates are based on current estimates. The situation with COVID-19 – or coronavirus – continues to evolve, and the company expects to provide more information during its next earnings call in April.

The company’s deepest sympathies go out to those who have been impacted by the COVID-19 outbreak. The company is carefully following all government guidelines and taking precautionary steps to do what it can to prevent the further spread of the virus. The company is also donating to organizations that are working diligently to support patients and contain the virus.

The safety and health of the company’s associates remains a high priority. The company has implemented precautionary measures to protect employees in China, which includes providing face masks and hand sanitizers; installing temperature screening in offices and manufacturing facilities; and setting up health monitoring mechanisms across the Coca-Cola system in China.

China ranks as the third-largest market in the world for The Coca-Cola Company in terms of unit case volume. The company sees great opportunities in this important market and will continue to invest for long-term growth.

Today’s presentation at CAGNY will be led by Coca-Cola Chairman and CEO James Quincey and Chief Financial Officer John Murphy. It is scheduled for 10 a.m. ET.

The company invites investors to join a webcast from CAGNY at www.cocacolacompany.com/investors. A downloadable file from the event, as well as a transcript, will be available within 24 hours on the company’s website.

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is a total beverage company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brand, our portfolio includes AdeS, Ayataka, Costa, Dasani, Del Valle, Fanta, Georgia, Gold Peak, Honest, innocent, Minute Maid, Powerade, Simply, smartwater, Sprite, vitaminwater and ZICO. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing water and promoting recycling. With our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.


© Business Wire 2020
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Financials (USD)
Sales 2020 36 892 M
EBIT 2020 10 337 M
Net income 2020 8 928 M
Debt 2020 32 169 M
Yield 2020 3,73%
P/E ratio 2020 22,3x
P/E ratio 2021 20,4x
EV / Sales2020 6,02x
EV / Sales2021 5,73x
Capitalization 190 B
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 54,10  $
Last Close Price 44,25  $
Spread / Highest target 46,9%
Spread / Average Target 22,2%
Spread / Lowest Target -0,56%
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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