Coca Cola (KO) Reports In-Line Q4 EPS

Coca Cola (NYSE: KO) reported Q4 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $7.03 billion.

GUIDANCE:

Full Year 2019 Revenues:

• Approximately 4% growth in organic revenues (non-GAAP)
• 12% to 13% growth in comparable currency neutral net revenues (non-GAAP) including an 8% to 9% tailwind from acquisitions, divestitures and structural items
• Comparable net revenues (non-GAAP): 3% to 4% currency headwind based on the current rates and including the impact of hedged positions

Full Year 2019 Operating Income:

• 10% to 11% growth in comparable currency neutral operating income (non-GAAP) including a low single-digit tailwind from acquisitions, divestitures and structural items
• Comparable operating income (non-GAAP): 6% to 7% currency headwind based on the current rates and including the impact of hedged positions

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

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