Coca-Cola: improves returns in the 2nd quarter.
(CercleFinance.com) - Coca-Cola has published an adjusted EPS (non-GAAP) of 59 cents for the second quarter of 2017, one cent more than consensus, and an increase of more than 375 basis points on the adjusted operating margins like-for-like.
The American group's explanation for this improvement in returns is the franchising of low-margin bottling activities, as well as efficient control of operating costs through its productivity programme.
At 9.7 billion dollars, the soft-drink giant's revenues have fallen by 16% as a result of the effect of consolidation scope and currency changes, but have increased by 3% in organic growth thanks to the effects of mix and price, with volumes remaining sluggish.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The American group's explanation for this improvement in returns is the franchising of low-margin bottling activities, as well as efficient control of operating costs through its productivity programme.
At 9.7 billion dollars, the soft-drink giant's revenues have fallen by 16% as a result of the effect of consolidation scope and currency changes, but have increased by 3% in organic growth thanks to the effects of mix and price, with volumes remaining sluggish.
Copyright (c) 2017 CercleFinance.com. All rights reserved.