Coca Cola (KO) Tops Q2 EPS by 2c

Coca Cola (NYSE: KO) reported Q2 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $11.5 billion versus the consensus estimate of $11.64 billion.

Global volume grew 1% year to date and was even in the quarter.

Global price/mix grew 3% in the quarter, reflecting continued effective pricing and packaging initiatives across key markets.

“As we continue the transformation of our business, I am encouraged by our core business performance which grew ahead of our consolidated organic revenues in the quarter. We expect this to continue for the balance of the year as we remain confident in our segmented revenue growth strategy, our innovation pipeline, and efforts to increase and improve our advertising.”

Full-year 2016 organic revenues now expected to grow 3%. Full-year comparable currency neutral income before taxes (structurally adjusted) outlook remains 6% to 8%.

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

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