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Coca-Cola Shares Gain On Strong Q2 Earnings, Raised FY21 Outlook

Benzinga2021-07-21

  • Coca-Cola Co reported second-quarter FY21 net revenue growth of 41.3% year-on-year to $10.1 billion, beating the analyst consensus of $9.25 billion. Unit case volume grew 18% in the quarter.
  • Revenue growth was driven by the ongoing recovery in markets as the coronavirus-related uncertainty is starting to decrease.
  • Revenue performance included 26% growth in concentrate sales and 11% growth in price/mix.
  • The operating margin was 29.8%, while the comparable operating margin improved to 31.7%. Operating income for the quarter rose 52% to $3.02 billion.
  • Cash flow generated from operating activities was $5.5 billion.
  • Comparable EPS of $0.68 beat the analyst consensus of $0.55.
  • "Our results in the second quarter show how our business is rebounding faster than the overall economic recovery, led by our accelerated transformation," said CEO James Quincey.
  • Outlook: Coca-Cola sees FY21 organic revenue growth of 12% - 14%, versus prior outlook for of high single digits growth.
  • It expects FY21 comparable EPS growth of 13% - 15%, versus previous guidance for percentage growth of high single digits to low double digits versus $1.95 in 2020. The growth expectations exceed analyst FY21 EPS consensus of $2.18.
  • Price action: KO shares are trading higher by 2.10% at $57.00 in premarket on the last check Wednesday.

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评论25

  • kenlim45
    ·2021-07-27
    Good
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  • glorify
    ·2021-07-26
    Great! 👍
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  • glorify
    ·2021-07-22
    Great!
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    收起
    • Lovemeold
      [财迷]
      2021-07-26
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  • Lamborghini1
    ·2021-07-22
    Yes
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  • 77663629
    ·2021-07-22
    Good for dividend.
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    收起
    • Gaga71
      Yes good stOck for dividen play
      2021-07-22
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  • Jasminephyo
    ·2021-07-22
    Ok
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  • EmmyLok
    ·2021-07-21
    wow
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    收起
  • ricebowl
    ·2021-07-21
    Wow like pls
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  • BhaskarB
    ·2021-07-21
    Wow
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  • Willtan
    ·2021-07-21
    When is the EPS giving out?
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  • glorify
    ·2021-07-21
    Great! 👍
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  • arvinho
    ·2021-07-21
    moon
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  • arvinho
    ·2021-07-21
    moon
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  • SmallYang
    ·2021-07-21
    Only the real thing! 
    回复
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  • j______1
    ·2021-07-21
    Go go go..
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  • jamesrayan
    ·2021-07-21
    nice
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    收起
  • JeremyKok
    ·2021-07-21
    Too late to buy KO now. It has went up. Maybe can buy and hold when the next correction comes. Unless you are speculating for it to raise even further.
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  • Enliven22
    ·2021-07-21
    Drink more buy more 
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    收起
    • 王虎V
      yumseng
      2021-07-21
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  • AliPharma
    ·2021-07-21
    drink coke lets goooo
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  • Williamw
    ·2021-07-21
    Up up up!
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    收起
    • AliPharma
      lets goooooo
      2021-07-21
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