Close

Coca Cola (KO) Tops Q4 EPS by 1c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 4/25/2024

1. TSLA
2. ENPH
3. TXN
4. META
5. BA
6. SPOT
7. IBM
8. V
9. KMB
10. HCP


February 9, 2016 6:56 AM EST

Coca Cola (NYSE: KO) reported Q4 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $10 billion versus the consensus estimate of $9.91 billion.

2015 OPERATING REVIEW

TOTAL COMPANY

Percent Change
Fourth Quarter Full Year
Unit Case Volume 3 2
Sparkling Beverages 2 1
Still Beverages 6 5
Concentrate Sales/Reported Volume (3) 1
Price/Mix 2 2
Currency (7) (7)
Acquisitions & Divestitures, Net 0 0
Reported Net Revenues (8) (4)
Organic Revenues * (1) 4
Reported Income Before Taxes 43 3
Comparable CN Income Before Taxes (Structurally Adjusted) * (2) 6

* Organic revenue and comparable currency neutral (CN) income before taxes (structurally adjusted) are non-GAAP financial measures. Refer to the Notes and Reconciliation of GAAP and Non-GAAP Financial Measures schedule.

2016 OUTLOOK

  • The Company expects organic revenue to be up 4% to 5% in 2016, in line with our long-term target. The net impact of acquisitions and divestitures is expected to be a 4 to 5 point headwind and based on the current spot rates, currency is expected to be a 4 point headwind, including the impact of hedged positions.
  • The Company expects comparable currency neutral income before taxes (structurally adjusted) to grow 6% to 8% in 2016, in line with our long-term target, as strong operating profit growth is expected to be partially offset by increased interest expense. The net impact of structural items is expected to be a 3 to 4 point headwind and based on the current spot rates, currency is expected to be a 9 point headwind, including the impact of hedged positions.
  • Given the above, the Company expects full-year comparable currency neutral EPS growth to be 4% to 6% including the impact of 3 to 4 points of structural headwind, primarily due to refranchising, on comparable currency neutral income before taxes. Based on the current spot rates, currency is expected to be a 9 point headwind, including the impact of hedged positions.
  • In addition to the above, the Company expects the following:
  • The underlying effective annual tax rate in 2016 is expected to be 22.5%.
  • We are targeting full-year 2016 net share repurchases of $2.0 to $2.5 billion.
  • For the first quarter of 2016, we estimate that based on the current spot rates, currency will be a 5 point headwind on net revenues and a 12 point headwind on income before taxes, including the impact of hedged positions.

For earnings history and earnings-related data on Coca Cola (KO) click here.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Earnings, Hot Guidance

Related Entities

Earnings