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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