Coca-Cola: Reports First Quarter 2021 Results

Atlanta / GA. (ccc) The Coca-Cola Company, since January 2019 parent company of British Costa Limited, reported first quarter 2021 results and provided an update on progress against its strategic initiatives. «We remain focused on emerging stronger and executing against our growth accelerators during the recovery phase. We are pleased with the progress we are making,» said James Quincey, chairman and CEO. «We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing and economies are opening up, and we remain confident in our full year guidance.» Summary:

  • Global Unit Case Volume Was Even
  • Net Revenues Grew 5 percent; Organic Revenues (Non-GAAP) Grew 6 percent
  • Operating Income Grew 14 percent; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 7 percent
  • Operating Margin Was 30.2 percent Versus 27.7 percent in the Prior Year; Comparable Operating Margin (Non-GAAP) Was 31.0 percent Versus 30.7 percent in the Prior Year
  • EPS Declined 19 percent to USD 0.52; Comparable EPS (Non-GAAP) Grew 8 percent to USD 0.55

For additional information please read the Company’s PDF file below (213 KB):

20210420-CCC-Q1-2021
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