Coca Cola (KO) Tops Q2 EPS by 2c, Offers Outlook

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Go back to Coca Cola (KO) Tops Q2 EPS by 2c, Offers Outlook

Coca-Cola Reports Second Quarter 2020 Results; Provides Update on Strategic Actions in Rapidly Evolving Business Climate

July 21, 2020 6:55 AM EDT

Global Unit Case Volume Declined 16%

Net Revenues Declined 28%;
Organic Revenues (Non-GAAP) Declined 26%

Operating Income Declined 34%;
Comparable Currency Neutral Operating Income (Non-GAAP) Declined 25%

Operating Margin Was 27.7% Versus 29.9% in the Prior Year;
Comparable Operating Margin (Non-GAAP) Was 30.0% Versus 30.3% in the Prior Year

EPS Declined 32% to $0.41;
Comparable EPS (Non-GAAP) Declined 33% to $0.42

ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported second quarter 2020 results and provided an update on strategic actions that are positioning the system to emerge stronger from... More