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

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