Coca-Cola Reports Third Quarter 2016 Results

Coca-Cola Reports Third Quarter 2016 Results

October 26, 2016
October 26, 2016
Atlanta
Atlanta
 
 

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ATLANTA, Oct. 26, 2016 – The Coca-Cola Company today reported third quarter 2016 operating results. "I am pleased to report that we delivered results in line with our expectations," said Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company. "We continued to see solid revenue results in our developed markets with 2% unit case volume growth and a continued focus on price realization. The United States, Japan and Western Europe delivered standout performance underpinned by innovation and world-class marketing. Globally, we gained nonalcoholic ready-to-drink value share for the 37th consecutive quarter and are on track to deliver our financial commitments for the full year."

"While our year-to-date reported net revenues declined 5%, our core business organic revenues* have grown 4% despite continued global economic and political volatility. We believe this core business reflects the ultimate destination of our transformed company – an enterprise positioned to capture sustainable growth through a laser focus on innovating across our portfolio, building strong brands, and leveraging unparalleled customer service through aligned bottlers. As we continue on our path to transform the global system, we remain committed to our strategic actions for growth that will create long-term shareowner and stakeholder value."

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The Coca-Cola Company
 
founded1886
founde3Asa Griggs Candler, John Pemberton created the soft drink/beverage "Coca-Cola", but it was Asa Candler, who founded The Coca-Cola Company.
Muhtar Kent
American businessman
Resides inAtlanta
Coca-Cola
 
Coca-Cola Zero
 

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Coca-Cola

Coca-Cola (often referred to simply as Coke) is a carbonated soft drink[1] produced by The Coca-Cola Company of Atlanta, Georgia. Originally intended as a patent medicine when it was invented in the late 19th century by John Pemberton, Coca-Cola was bought out by businessman Asa Griggs Candler, whose marketing tactics led Coke to its dominance of the world soft-drink market throughout the 20th century. The name refers to two of its original ingredients: kola nuts, a source of caffeine, and coca leaves. The current formula of Coca-Cola remains a trade secret, although a variety of reported recipes and experimental recreations have been published.

The company produces concentrate, which is then sold to licensed Coca-Cola bottlers throughout the world. The bottlers, who hold exclusive territory contracts with the company, produce finished product in cans and bottles from the concentrate in combination with filtered water and sweeteners. A typical 12 oz (355 ml) can contains 38g of sugar (usually in the form of HFCS). The bottlers then sell, distribute and merchandise Coca-Cola to retail stores, restaurants and vending machines. The Coca-Cola Company also sells concentrate for soda fountains to major restaurants and food service distributors.

The Coca-Cola Company has, on occasion, introduced other cola drinks under the Coke brand name. The most common of these is Diet Coke, with others including Caffeine-Free Coca-Cola, Diet Coke Caffeine-Free, Coca-Cola Cherry, Coca-Cola Zero, Coca-Cola Vanilla, and special versions with lemon, lime, or coffee. In 2013, Coke products could be found in over 200 countries worldwide, with consumers downing more than 1.8 billion company beverage servings each day.[2]

Based on Interbrand's best global brand study of 2015, Coca-Cola was the world's third most valuable brand.[3]

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BRIEF-Coca-Cola European Partners Q3 EPS eur 0.67
Reuters  –  November 10, 2016
Coca-Cola european partners plc - affirms full-year 2016 outlook. * Remains on track to achieve pre-tax savings of eur315 million to eur340 million through synergies by mid-2019 * Fy2016 earnings per share view eur 1.89, revenue view eur 10.66 billion ...
Coca-Cola Is Feeling Pressure Due to New Soda Taxes
Market Realist  –  November 10, 2016
The operating margin includes the impact of foreign exchange and structural changes. Coca-Cola’s net income and EPS (earnings per share) fell to $1.0 million and $0.24, respectively, in fiscal 3Q16, compared with $1.4 million and $0.33 in fiscal 3Q15.
SunTrust Banks Comments on Coca-Cola Co.’s FY2016 Earnings (KO)
Zolmax News  –  October 31, 2016
Coca-Cola Co. (NYSE:KO) – Equities research analysts at SunTrust Banks upped their FY2016 earnings estimates for Coca-Cola in a report released on Wednesday. SunTrust Banks analyst W. Chappell now expects that the brokerage will post earnings per share ...
Coca-Cola European Partners (CCE) Beats Earnings in Q3
Yahoo Finance  –  November 11, 2016
Coca-Cola European Partners plc or CCEP CCE reported better-than-expected results in the third quarter of 2016. Earnings of 74 cents (or €0.66) per share beat the Zacks Consensus Estimate of 72 cents by 2.8%. Earnings also improved 18.5% year over year ...
Coca-Cola Enterprises Inc. (CCE) Releases FY16 Earnings Guidance
Daily Political  –  November 11, 2016
Coca-Cola Enterprises Inc. (NYSE:CCE) updated its FY16 earnings guidance on Thursday. The company provided earnings per share guidance of EUR 1.86-1.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.89.
Coca-Cola European Partners Reports Q3 Operating Profit Of €405 Mln
Realtime Business News  –  November 10, 2016
Coca-Cola European Partners plc (CCEP ... up 2.0 per cent or up 7.0 per cent on a pro forma comparable and fx-neutral basis. Third-quarter earnings per share were €0.67 on a reported basis or €0.66 on a pro forma comparable basis, including a negative ...
Price Target Analysis: The Coca-Cola Company (KO)
newsoracle.com  –  November 9, 2016
The Coca-Cola Company (NYSE:KO) reports its earnings on Feb 7 – Feb 13 (Est.). The company reported the earnings of $0.49/Share in the last quarter where the estimated EPS by analysts was $0.48/share. The difference between the expected and actual EPS ...
Coca-Cola Enterprises Inc. (CCE) Scheduled to Post Earnings on Thursday
BNS  –  November 8, 2016
Coca-Cola Enterprises Inc. (NYSE:CCE) will release its Q316 earnings data on Thursday, November 10th. Analysts expect Coca-Cola Enterprises to post earnings of $0.72 per share and revenue of $3.18 billion for the quarter. Coca-Cola Enterprises (NYSE:CCE ...
Earnings Parade Continues This Stock Takes the Spotlight: Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)
consumereagle.com  –  November 7, 2016
Earnings is just around the corner for Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) as the firm is slated to issue their report on 11/8/2016 4:30:00 PM. The firm has most recently posted quarter over quarter growth of -42.10% and sales growth of 36.70 ...

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