[ad_1]
Peter Wells
Print this page
Coca-Cola surpbaded market expectations in terms of sales and profits in the second quarter, as the reshuffle of the Coke diet and the overall change in its sweet drink portfolio were realized
. The net business turnover of the manufacturer fell by one year due to the reorganization of the company's bottling business, it improved the underlying revenue and operating forecasts for the year, accentuated the headwinds and reduced cash flow. 19659005] Coca-Cola, like many of its industry peers, is trying to rebalance its portfolio as health-conscious consumers avoid the soft and sugary drinks that have long been the bread and butter of the world. ;business. The company announced Wednesday that the growth of its sugar – free soft drinks has accelerated from the first three months of the year, under the leadership of Coca – Cola Zero Sugar and Diet Coke, while expanding its Coke Diet brand image in the UK. ] For the quarter ended June 29, net business revenue was down 8% from the previous year to $ 8.93 billion, compared to 15% for the first quarter. refranchising of its bottling operations in the United States. The result was even better than the average forecast of $ 8.54 billion badysts polled by Thomson Reuters.
Organic sales rose 5%, driven by concentrate sales. The volume of business, an indicator of demand, grew by 2% thanks to the original Coca-Cola and its version Zero Sugar and Fuze Tea
Net income reached 2.3 billion dollars during the quarter. or 54 cents per share. Adjusted earnings were 61 cents per share, weighed down by currency effects, but exceeding the one-cent market forecast.
In its annual forecast, Coke left its earnings growth forecast unchanged at between 8 and 10 percent. from 2017 $ 1.91 per share. But he said that he is now expecting to generate organic revenue growth of at least 4% and an increase of at least 9% in the adjusted operating result in comparable currencies. In April, it reduced organic growth by about 4% and growth from 8% to 9%.
The company also stated that it was expecting comparable adjusted net revenues with a 1% currency headwind, in anticipation of a tailwind of the same amount in April, and would A 4% impact on adjusted operating income, where it previously expected a negative impact of zero to 1%. Coke also said that he expected to generate $ 8 billion in operating cash in 2018, 500 million less than his April forecast.
"We are encouraged by our performance since the beginning of the year as we continue to evolve as a consumer." Said James Quincey, Coke's General Manager
Stocks were down 0.1 percent in pre-market trading on Wednesday, but hovered near their highest level in almost six months.
[ad_2]
Source link
