Coca-Cola: exceeds expectations in Q3
(CercleFinance.com) - Coca-Cola has reported Q3 2018 adjusted EPS (non-GAAP) that is up 14% at 58 cents, three cents above the consensus, with the group's comparable (non-GAAP) operating margin up 575 bp.
This improvement in the company's margin is thanks to productivity efforts and the exit of its bottling business from the group's consolidation scope, a disposal that explains a 9% drop in revenues to 8.2 billion dollars. In organic terms, revenues of the soft drinks giant increased by 6%.
“Strong organic revenue (non-GAAP) growth in the quarter was driven by continued innovation and revenue growth management initiatives within sparkling soft drinks, as evidenced by double-digit volume growth of Coca-Cola Zero Sugar,” the Atlanta-based company added.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This improvement in the company's margin is thanks to productivity efforts and the exit of its bottling business from the group's consolidation scope, a disposal that explains a 9% drop in revenues to 8.2 billion dollars. In organic terms, revenues of the soft drinks giant increased by 6%.
“Strong organic revenue (non-GAAP) growth in the quarter was driven by continued innovation and revenue growth management initiatives within sparkling soft drinks, as evidenced by double-digit volume growth of Coca-Cola Zero Sugar,” the Atlanta-based company added.
Copyright (c) 2018 CercleFinance.com. All rights reserved.