“Consumer-centric Total Beverage Company” Coca-Cola Beats Q1 Earnings Estimates
Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere.
Coca-Cola started 2018 with solid operating results for Q1 and beat their earnings estimate of $0.464 with $0.47 per share.
Due to the refranchising of bottling territories, the company’s net revenues declined 16% to $7.6 billion, but organic revenues increased 5%.
Coca-Cola’s total unit case volume grew 3% seeing growth across all categories and geographic groups.
The operating margin saw growth of over 220 basis points, and cash from operations was reported at $613 million for the first quarter, down 20% also due to the refranchising of bottling territories.
Coca-Cola’s net share repurchases totaled $471 million.
“We’re encouraged with our first quarter performance as we continue our evolution as a consumer-centric, total beverage company. We have the right strategies in place and remain confident in our ability to achieve our full-year guidance.” – said James Quincey, President, and CEO of The Coca-Cola Company.
To learn more about The Coca-Cola Company (KO) and to continue to track its progress please visit the Vista Partners Coca-Cola Company Coverage Page.