Coca-Cola Co

NYSE:KO   3:59:58 PM EDT
+0.04 (+0.07%)
5:05:30 PM EDT: $56.80 -0.12 (-0.21%)
Other Pre-Announcement

Coca-Cola Reports Q2 Non-GAAP Earnings Per Share Of $0.68

Published: 07/21/2021 11:33 GMT
Coca-Cola Co (KO) - Coca-cola Reports Strong Results in Second Quarter; Updates Full Year Guidance.
Q2 Non-GAAP Earnings per Share $0.68.
Q2 Earnings per Share $0.61.
Q2 Earnings per Share Estimate $0.56 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Global Unit Case Volume Grew 18%.
Qtrly Organic Revenues (non-GAAP) Grew Expects to Deliver Organic Revenue (non-GAAP) Growth of 12% to 14% in 2021.
Sees Q3 2021 Comparable EPS (non-GAAP) to Include an Approximate 3% to 4% Currency Tailwind.
Q3 Comparable Net Revenues (non-GAAP) Expected to Include About 2% Currency Tailwind Based on Current Rates, Incl.
Impact of Hedged Positions.
Expects to Deliver Comparable EPS (non-GAAP) Growth of 13% to 15% in 2021 Versus $1.95 in 2020.
Coca-cola - Qtrly Global Unit Case Volume Benefited From Recovery in Many Markets, Partially Offset by Impact of Resurgence of Coronavirus in Several Markets.
Coca-cola - Markets Such As China, Brazil and Nigeria Grew Volume in Quarter Ahead of 2019 Levels.
Coca-cola - Other Markets, Including India, Continued to Be Under Pressure in Quarter Versus 2019.
Qtrly Net Revenues Grew 42% to $10.1 Billion.
Q2 Revenue View $9.32 Billion -- Refinitiv Ibes Data (analyst estimates).