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

THE COCA-COLA COMPANY

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Coca Cola : Sees 3% Currency Headwind on 4Q, 2020 Comparable Net Revenues

10/22/2020 | 08:43am EST

By Allison Prang

Coca-Cola Co. said it expects about a 3% currency headwind for comparable net revenues for the fourth quarter and full year.

The company had said in its second-quarter results it expected a 3% to 4% currency headwind on comparable net revenues for 2020.

For 2020, the company said it expects about a 6% currency headwind for its comparable operating income. It had previously said it was expecting that headwind to be in the high single digits. For the fourth quarter, Coca-Cola expects that headwind is expected to be about 9%, the company said.

Coca-Cola also still expects a 19.5% underlying effective tax rate for 2020, it said.

For next year, Coca-Cola said it "expects minimal currency impact" on both comparable net revenues and comparable operating income.

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

(END) Dow Jones Newswires

10-22-20 0842ET

Stocks mentioned in the article
ChangeLast1st jan.
THE COCA-COLA COMPANY -0.54% 52.93 Delayed Quote.-3.85%
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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 28,3x
Yield 2020 3,09%
Capitalization 227 B 227 B -
EV / Sales 2020 8,00x
EV / Sales 2021 7,22x
Nbr of Employees 86 200
Free-Float 60,6%
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Technical analysis trends THE COCA-COLA COMPANY
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Mean consensus BUY
Number of Analysts 21
Average target price 56,33 $
Last Close Price 52,93 $
Spread / Highest target 15,2%
Spread / Average Target 6,43%
Spread / Lowest Target -3,65%
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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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