Coca-Cola beat expectations – Europe boosted quarterly results
Coca-Cola performed above its weight in the latest quarter: according to the latest report, the beverage giant exceeded analysts’ expectations, which is mainly due to strong demand in European markets. In other regions, the company reported more subdued sales, writes CNBC.
According to CNBC, Coca-Cola’s adjusted earnings per share reached 87 cents, compared to the 83 cents expected by the market. Total revenue was $12.62 billion, which also slightly exceeded the preliminary forecast of $12.54 billion.
The company’s net sales increased by 1 percent year-on-year, while organic growth (adjusted for exchange rate and acquisition effects) was 5 percent. This is mainly due to price increases, which were felt worldwide, especially in European markets.
Strong Europe, mixed elsewhere
Coca-Cola highlighted that sales volumes in Europe remained strong, offsetting weaker performance in other regions, particularly the US and Asian markets. This regional difference played a key role in the overall positive results.
The company also slightly lowered its full-year earnings per share guidance, setting a target of 3 percent, the upper end of its previous forecast. However, it maintained its organic revenue growth target of 5-6 percent in 2025.
Investor reaction to the report was muted, with Coca-Cola shares trading slightly lower in premarket trading. In recent months, the stock has been trading between $60 and $64, showing a moderate but stable trend.
Related news
Pernod Ricard partners with Dole in RTD tie-up
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >YouGov Brand Footprint 2025: the favourite FMCG brands of shoppers
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Ágnes Topor: “Many are unaware of the sales-boosting effect of vouchers”
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
KSH: industrial producer prices in July did not change compared to the previous month, exceeding the level a year earlier by an average of 4.5 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The Consumer Protection Authority tested detergents, washing powders and washing capsules
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Magyar Posta has started delivering food vouchers to pensioners
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >