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Coca-Cola: quarterly EPS in line with expectations

(CercleFinance.com) - Soft drinks giant Coca-Cola has reported Q3 2019 adjusted EPS from continuing operations that is down 2% at 56 cents, in line with consensus, with a 2.
6-point fall in its adjusted operating margin on a like-for-like basis.

The company saw its net revenue increase by 8% to 9.5 billion dollars, enabling it to increase its market share in soft drinks. In organic terms, revenues increased by 5% thanks to mix and price effects.

For FY 2019, Coca-Cola management still expects pretty flat adjusted EPS (-1% to +1%), although now hopes for its revenues to increase by at least 5% in organic terms.


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