Coca Cola (KO) Reports In-Line Q4 EPS, Revenue Beats, Offers FY Guidance

Coca Cola (NYSE: KO) reported Q4 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $9.1 billion versus the consensus estimate of $8.89 billion.

GUIDANCE:

Coca Cola sees FY2020 EPS of $2.25, versus the consensus of $2.26.

• The company expects to deliver approximately 5% growth in organic revenues (non-GAAP) and approximately 8% growth in comparable currency neutral operating income (non-GAAP).
• For comparable net revenues (non-GAAP), the company expects a slight tailwind from acquisitions, divestitures and structural items and a 0% to 1% currency headwind based on the current rates and including the impact of hedged positions.
• For comparable operating income (non-GAAP), the company expects an immaterial impact from acquisitions, divestitures and structural items and a 2% to 3% currency headwind based on the current rates and including the impact of hedged positions.
• The company’s underlying effective tax rate (non-GAAP) is estimated to be 19.5%.
• Given the above considerations, the company expects to deliver comparable EPS (non-GAAP) of approximately $2.25 versus $2.11 in 2019, a 7% increase.
• The company expects to deliver free cash flow (non-GAAP) of approximately $8.0 billion through cash from operations of approximately $10.0 billion and capital expenditures of approximately $2.0 billion.

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

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