Positive Q1 figures for Coca-Cola

April 19, 2021
Positive Q1 figures for Coca-Cola

Coca-Cola seems to be on the recovery road from the pandemic, according to its Q1 2021 earnings report

For the first three months of the year, Coca-Cola had an EPS of 55 cents versus the 50 cents expected. Revenue also topped the $8.6 billion consensus, the figures coming in at $9.02 billion. At the same time, organic revenues grew 6%, while the global unit demand was flat.

The demand constantly improved every month, especially in China, where the COVID-19-related uncertainties started to dissipate. In Northern America and Western Europe, the demand didn’t recover as expected.

In a separate filing, Coca-Cola revealed that it is looking to list Coca-Cola Beverages Africa publicly. The IPO is expected to take place within 18 months, and the shares will be listed in Amsterdam and Johannesburg.

After the news hit the wires, Coca-Cola stock price traded almost 1% higher.

Source: cnbc.com

This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.


You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.



This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.

Recently Added

Most Affected Instruments

COCACOLA
arrow
cocacola chart