Coca-Cola (KO) Tops Q2 EPS by 3c; Sees $0.03 Impact to Comparable EPS from Conflict in Ukraine

Coca-Cola (NYSE: KO) reported Q2 EPS of $0.70, $0.03 better than the analyst estimate of $0.67. Revenue for the quarter came in at $11.3 billion versus the consensus estimate of $10.54 billion.

On March 8, 2022, the company announced the suspension of its business in Russia as a result of the conflict in Ukraine. The approximate direct impacts of this are estimated to be as follows:

1% impact to unit case volume – No Change

1% to 2% impact to net revenues and operating income – No Change

$0.03 impact to comparable EPS (non-GAAP) – Updated

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

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