Coca Cola (KO) Reported a 1c EPS Beat; UBS Raises Price Target to $49
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October 21, 2015 7:52 AM EDT
Company Remains on Track to Refranchise Half of Company-Owned U.S.
Bottler-Delivered Volume by End of 2017
ATLANTA--(BUSINESS WIRE)--
The Coca-Cola Company today announced it has signed letters of intent
with three U.S. bottlers to grant expanded distribution territories in
seven states as part of its ongoing efforts to refranchise half of
Company-owned U.S. bottler-delivered volume by the end of 2017.
In each territory, The Coca-Cola Company will grant exclusive rights to
these bottlers for the sale and distribution of bottler-delivered
Coca-Cola beverages. In addition, Coca-Cola Refreshments, the
Company-owned U.S.... More
October 21, 2015 7:30 AM EDT
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)--... More
