Coca-Cola Boost FY22 Organic Revenue Growth Outlook

RTTNews | 848 dni temu
Coca-Cola Boost FY22 Organic Revenue Growth Outlook

(RTTNews) - While reporting financial results for the second quarter on Tuesday, beverages giant Coca-Cola Co. (KO) maintained its adjusted earnings guidance for the full-year 2022, while raising annual organic revenue growth outlook. The company also provided outlook for the third quarter.

For fiscal 2022, the company still projects comparable earnings to grow in a range of 5 to 6 percent from the $2.32 per share reported in 2021, with a 9 percent currency headwind.

It also now projects organic revenue growth of 12 to 13 percent, with a 6 percent currency headwind and 2 percent tailwind from acquisitions and divestitures. Previously, it expected organic revenue growth of 7 to 8 percent.

The Street is looking for earnings of $2.46 per share on revenue growth of 8.0 percent to $41.74 billion for the year.

For the third quarter, Coca-Cola projects comparable net revenues on an adjusted basis to be impacted by about 7 to 8 percent currency headwind based on the current rates and including the impact of hedged positions. Comparable earnings are expected to include an approximate 9 to 10 percent currency headwind.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
7-Eleven Unveils New Slurpee Drink With Coca-Cola And OREO

7-Eleven Unveils New Slurpee Drink With Coca-Cola And OREO

7-Eleven, Inc., which operates more than 13,000 convenience-retailing stores, announced the launch of a new Slurpee drink flavor, Coca-Cola OREO Zero Sugar, ahead of the brand's annual Slurpee Day celebration. The Irving, Texas-based company said the limited-time Slurpee drink with Coca-Cola and OREO is exclusively available at participating 7-Eleven, Speedway and Stripes stores...
RTTNews | 78 dni temu
Coca-Cola Q1 Results Top Estimates

Coca-Cola Q1 Results Top Estimates

Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the first quarter that grew 2 percent from last year, reflecting lower income taxes and a 3 percent revenue growth. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also maintained its adjusted earnings guidance for the full-year 2024, but raised organic revenue growth outlook.
RTTNews | 204 dni temu
Coca-Cola Q4 Profit Down 3%, But Meets Estimates

Coca-Cola Q4 Profit Down 3%, But Meets Estimates

Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the fourth quarter that declined 3 percent from last year, reflecting steeply lower other income and higher interest expense, despite a 7 percent revenue growth. Adjusted earnings per share met analysts' expectations, while quarterly revenues topped it.
RTTNews | 281 dni temu
Coca-Cola Guides FY24 Comparable EPS In Line With Estimates - Update

Coca-Cola Guides FY24 Comparable EPS In Line With Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, beverages giant Coca-Cola Co. (KO) initiated its adjusted earnings and annual organic revenue growth guidance for the full-year 2024. The company also provided outlook for the first quarter.
RTTNews | 281 dni temu
Coca-Cola Q1 Profit Up 12%, Results Top Estimates

Coca-Cola Q1 Profit Up 12%, Results Top Estimates

Beverages giant Coca-Cola Co. (KO) reported Monday that profit for the first quarter increased 12 percent from last year, driven by 5 percent revenue growth. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also maintained its adjusted earnings and organic revenue growth outlook for the full-year 2023.
RTTNews | 576 dni temu
Coca-Cola Q4 Profit Down 16%, But Meets Estimates

Coca-Cola Q4 Profit Down 16%, But Meets Estimates

Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the fourth quarter that declined 16 percent from last year, reflecting steeply lower other income and higher interest expense, despite a 7 percent revenue growth. Adjusted earnings per share met analysts' expectations, while quarterly revenues topped it. The company also initiated guidance for the full-year 2023.
RTTNews | 645 dni temu
Coca-Cola Names CFO John Murphy To Additional Role Of President

Coca-Cola Names CFO John Murphy To Additional Role Of President

Beverage company Coca-Cola Co. (KO) announced Thursday that John Murphy will become president and chief financial officer, effective October 1. Murphy, who currently serves as executive vice president and CFO, will add the president role following the retirement of Brian Smith.
RTTNews | 853 dni temu
FTSE 100 Gains Despite Inflation Uptick

FTSE 100 Gains Despite Inflation Uptick

Cooling geopolitics helped FTSE 100 overcome the pain of hotter-than-expected inflation to rise above the flatline and track gains across other European markets.
RTTNews | 6g 34 minut temu