Coca Cola (KO) Reports In-Line Q3 EPS, Offers Outlook

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Go back to Coca Cola (KO) Reports In-Line Q3 EPS, Offers Outlook

Coca-Cola Reports Continued Strong Results in Third Quarter; Updates Full Year Guidance

October 18, 2019 6:55 AM EDT

Net Revenues Grew 8%; Organic Revenues (Non-GAAP) Grew 5%

Operating Income Declined 4%; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 5%

Operating Margin Was 26.3%; Comparable Operating Margin (Non-GAAP) Was 28.1%; Margins Were Negatively Impacted by Currency Headwinds and Acquisitions

EPS Grew 37% to $0.60; Comparable EPS (Non-GAAP) Declined 2% to $0.56, Impacted by a 6% Currency Headwind

ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company continued to execute on its key strategies in the third quarter, with strong revenue growth and value share gains globally. Reported net revenues grew 8% and organic revenues (non-GAAP) grew... More