Coca-Cola: Q4 in line with consensus
(CercleFinance.com) - Coca-Cola has reported adjusted EPS from continuing operations of 43 cents, up 9% in the final quarter of 2018, in line with the consensus, with a 13-bp increase in its adjusted operating margin, on a like-for-like basis.
The soda giant saw its net revenues fall by 6% to 7.1 billion dollars, weighed on by negative FX factors and the franchising of bottling activities. Organic growth reached 5% mainly thanks to mix and price effects.
Coca-Cola has posted adjusted EPS of 2.08 dollars, up 9% like-for-like. It anticipates EPS to be fairly stable (-1% to +1%) in 2019, for organic sales growth of about 4%.
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The soda giant saw its net revenues fall by 6% to 7.1 billion dollars, weighed on by negative FX factors and the franchising of bottling activities. Organic growth reached 5% mainly thanks to mix and price effects.
Coca-Cola has posted adjusted EPS of 2.08 dollars, up 9% like-for-like. It anticipates EPS to be fairly stable (-1% to +1%) in 2019, for organic sales growth of about 4%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.