Coca-Cola: Q4 EPS up 6%
(CercleFinance.com) - Coca-Cola has announced like-for-like (non-GAAP) EPS that is up 6% at 47 cents for Q4 2020, above the consensus.
The soft drinks giant's comparable operating margin improved 2.5 points to 27.3% for revenues of 8.6 billion dollars, down 5% (-3% on an organic basis), with another sequential improvement.
With comparable EPS of 1.95 dollar in 2020, for 2021 Coca-Cola anticipates this to be upper single-digit to low double-digit, with upper single digit organic sales growth.
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The soft drinks giant's comparable operating margin improved 2.5 points to 27.3% for revenues of 8.6 billion dollars, down 5% (-3% on an organic basis), with another sequential improvement.
With comparable EPS of 1.95 dollar in 2020, for 2021 Coca-Cola anticipates this to be upper single-digit to low double-digit, with upper single digit organic sales growth.
Copyright (c) 2021 CercleFinance.com. All rights reserved.