Coca Cola (KO) Tops Q3 EPS by 1c

Coca Cola (NYSE: KO) reported Q3 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $11.43 billion versus the consensus estimate of $11.54 billion.

• Reported net revenue declined 5% and organic revenue grew 3%
• Global price/mix of 3% reflecting positive pricing and packaging initiatives across key markets
• Reported EPS was $0.33 and comparable EPS was $0.51
• Global volume grew 3%
• Year-to-date cash from operations increased 5% to $8.4 billion, despite significant foreign currency headwinds
• Expect full-year comparable currency neutral EPS growth of 5%, in line with the range laid out at the beginning of the year

ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported third quarter 2015 operating results. "Our third quarter results were in line with our expectations and reflect the continued execution of our strategic initiatives to restore momentum, which are beginning to take hold across our global business," said Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company. "By aggressively driving productivity and streamlining the business, we are funding investments to accelerate growth. We have aligned and incented the organization against a clear revenue segmentation strategy. Finally, we have announced significant steps that evolve and strengthen our unparalleled global distribution system, including the planned creation of Coca-Cola Beverages Africa, Coca-Cola European Partners, and most recently in the United States, the National Product Supply System. Despite a continued challenging macro environment, all of us at The Coca-Cola Company remain confident in our strategies and committed to the creation of long-term shareowner value."

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

You May Also Be Interested In

• Alcoa (AA) Misses Q1 EPS by 19c
• Wintrust Financial (WTFC) Tops Q1 EPS by 49c
• Equifax (EFX) shares tumble as Q2, full-year guidance falls short