“Coca-Cola earnings top estimates as consumers drink more beverages away from home”
October 27, 2021
“…Coke shares rose around 3% in premarket trading on the news.
Here’s how the company did compared with what Wall Street analysts surveyed by Refinitiv were expecting:
- Earnings per share: 65 cents adjusted vs. 58 cents expected
- Revenue: $10.04 billion vs. $9.75 billion expected
Coke’s net income for the three-month period ended Oct. 1 grew to $2.5 billion, or 57 cents per share, compared with $1.7 billion, or 40 cents a share, a year earlier. Excluding one-time items, the company earned 65 cents per share, topping estimates for 58 cents.
Net sales rose 16% to $10.04 billion from $8.65 billion a year earlier. That beat expectations for $9.75 billion. Organic revenue, which excludes the impact of acquisitions, divestitures and foreign currency, climbed 14%. Unit case volume, which strips out the impact of currency and price changes, was up 6% and came in ahead of 2019 levels…”
https://www.cnbc.com/2021/10/27/coca-cola-ko-q3-2021-earnings.html