Coca-Cola (KO.US) reported mixed Q1 results
Coca-Cola (KO.US) reported mixed first-quarter results Tuesday, with earnings slightly exceeding analyst expectations while revenue fell short amid currency headwinds and pressure in key developed markets.
Q1 Results Show Mixed Performance
Coca-Cola reported quarterly earnings of $0.73 per share, beating the analyst consensus estimate of $0.72 by 1.39% and representing a 1.39% increase from the same period last year. However, quarterly sales came in at $11.10 billion, missing the analyst consensus estimate of $11.14 billion by 0.37% and marking a 1.77% decrease from $11.30 billion in the same period last year.
The beverage giant posted adjusted organic revenue growth of 6%, exceeding expectations of 5.2%, driven by strong price/mix performance of 5% and a 2% increase in unit case volume. Comparable operating margin improved to 33.8% from 32.4% in the year-ago period, also surpassing the estimated 33%.
By category, sparkling soft drinks unit case volume grew 2%, while water, sports, coffee, and tea also increased 2%. Nutrition, juice, dairy, and plant-based beverages saw more modest growth at 1%.
Coca-Cola (D1)
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