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Stock impact report

Coca-Cola Tops Q3 Earnings Forecast on Improving At-Home Sales [TheStreet.com]

Coca-Cola Company (The) (KO) 
Last coca-cola company (the) earnings: 4/21 05:55 am Check Earnings Report
US:NYSE Investor Relations: coca-colacompany.com/investors
Company Research Source: TheStreet.com
Coca-Cola Co.(KOGet ReportCoca-Cola said adjusted non-GAAP earnings for the three months ending in September were pegged at 55 cents per share, down one penny from the same period last year but 9 cents ahead of the Street consensus forecast. Group revenues, the company said, fell 11.22% to $8.7 billion, a figure that also topped analysts' estimates of an $8.36 billion tally as at-home sales offset the ongoing slide in restaurant and sports stadium channels, which remain fully or partially closed around the country and much of western Europe.Coca-Cola also said that, given the ongoing evolution of the global pandemic, the group's "full year financial and operating results cannot be reasonably estimated", but noted that currency headwinds will hit current quarter and 2020 revenue totals by around 3%"Throughout this year's crisis, our system has remained focused on its beverages for life strategy. We are accelerating our transformation that was already underway, shaping our company to re Show less Read more
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