The Coca-Cola Company Meets Q2 Earnings Estimates- Learn More
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 reported Q2 earnings on 7/25/2018 of $06.1 per share, meeting the earnings estimates of $0.609. The beverage company saw net revenues decline 8% to $8.9 billion due impart to bottler refranchising, but saw organic revenues increase 5% thanks to balanced volume and price/mix.
The company’s operating margin increased more than 950 basis points, and it continued to see more growth in market share of total nonalcoholic ready-to-drink beverages.
Year-to-date cash from operations was down 22% at $2.6 billion. Year-to-date purchases of stock for treasury was reported at $1.3 billion, and the year-to-date net share repurchases totaled $730 million.
James Quincey, President and CEO of The Coca-Cola Company stated, “We’re encouraged with our performance year-to-date as we continue our evolution as a consumer-centric, total beverage company. We have the right strategies in place and remain focused on achieving our full year guidance.”
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