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

THE COCA-COLA COMPANY

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Coca Cola : Revenue Falls, Hurt By Away-From-Home Channels

10/22/2020 | 07:54am EST

By Allison Prang

Coca-Cola Co.'s revenue declined in the third quarter as the company continued to see pressure from its sales to restaurants, bars, movie theaters and other public venues.

Net operating revenues fell 9% year over year to $8.65 billion. They were more than analysts' consensus, according to FactSet, of $8.36 billion. Organic revenue also declined.

The company said the drop in revenue was "driven by ongoing pressure in away-from-home channels partially offset by sustained growth in at-home channels."

The soda company said profit for the third quarter was $1.74 billion, or 40 cents a share. A year earlier, net income was $2.59 billion, or 60 cents a share. The company logged adjusted earnings of 55 cents a share.

The beverage company in August said it planned to lay off staff. Coca-Cola is also scaling back the number of brands it offers.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

10-22-20 0753ET

Stocks mentioned in the article
ChangeLast1st jan.
THE COCA-COLA COMPANY -2.09% 51.6 Delayed Quote.-4.79%
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Financials (USD)
Sales 2020 33 011 M - -
Net income 2020 8 031 M - -
Net Debt 2020 36 661 M - -
P/E ratio 2020 27,6x
Yield 2020 3,17%
Capitalization 222 B 222 B -
EV / Sales 2020 7,83x
EV / Sales 2021 7,06x
Nbr of Employees 86 200
Free-Float 60,6%
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Technical analysis trends THE COCA-COLA COMPANY
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Average target price 56,33 $
Last Close Price 51,60 $
Spread / Highest target 18,2%
Spread / Average Target 9,17%
Spread / Lowest Target -1,16%
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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