A employee restocks a show of Coca-Cola Co. gentle drinks at a retailer in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021.George Frey | Bloomberg | Get
A employee restocks a show of Coca-Cola Co. gentle drinks at a retailer in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021.
George Frey | Bloomberg | Getty Photos
Coca-Cola on Monday reported quarterly demand was unchanged from the identical time final yr as North America and western Europe take longer to bounce again from the coronavirus pandemic.
Nevertheless, international unit case quantity in March returned to 2019 ranges.
“We’re inspired by enhancements in our enterprise, particularly in markets the place vaccine availability is rising and economies are opening up, and we stay assured in our full yr steerage,” CEO James Quincey mentioned in a press release.
This is what the corporate reported in contrast with what Wall Road was anticipating, primarily based on a survey of analysts by Refinitiv:
- Earnings per share: 55 cents, adjusted, vs. 50 cents anticipated
- Income: $9.02 billion vs. $8.6 billion anticipated
The beverage large reported fiscal first-quarter web earnings of $2.25 billion, or 52 cents per share, down from $2.78 billion, or 64 cents per share, a yr earlier.
Excluding objects, Coke earned 55 cents per share, topping the 50 cents per share anticipated by analysts surveyed by Refinitiv.
Web gross sales rose 5% to $9.02 billion, beating expectations of $8.6 billion. Natural revenues grew 6%, whereas unit case quantity was flat from the identical time a yr in the past.