Recap: Coca-Cola Q3 Earnings

Shares of Coca-Cola KO rose 2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 1.79% year over year to $0.55, which beat the estimate of $0.46.

Revenue of $8,652,000,000 declined by 8.99% year over year, which beat the estimate of $8,350,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 22, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.coca-colacompany.com%2F&eventid=2630456&sessionid=1&key=E85E1418FFF04AEA8EE2AA35DB7B4619&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $60.13

52-week low: $36.27

Price action over last quarter: Up 4.37%

Company Overview

Coca-Cola is the largest nonalcoholic beverage entity in the world, owning and marketing some of the leading carbonated beverage brands, such as Coke, Fanta, and Sprite, as well as nonsparkling brands, such as Minute Maid, Georgia Coffee, and Glaceau. Operationally, the firm focuses its manufacturing efforts early in the supply chain, making the concentrate (or beverage bases) for its drinks that are then processed and distributed by its network of more than 100 bottlers. Concentrate operations represented 85% of the company's unit case volume in 2018. Coca-Cola recently expanded its presence in the hot-beverage market through its acquisition of Costa, a leading coffee company in the United Kingdom. The firm generates most of its revenue internationally.