Coca-Cola Company Q4 EPS $0.37Staff Writer | February 9, 2017
The Coca-Cola Company reported fourth-quarter comparable EPS of $0.37 compared to $0.38, prior year.
Coca-Cola Net income to shareowners was $550 million
Fourth-quarter net revenues were $9.41 billion, a 6% decline from prior year, impacted by a foreign currency exchange headwind of 2% and a headwind from acquisitions, divestitures, and structural items of 10%.
POST forecast was EPS of $0.46 and revenue of $8.6 billion.
Organic revenues grew 6% in the quarter, driven by price/mix growth of 6%. Core business organic revenues grew 7% in the quarter. Total unit case volume declined 1% for the quarter.
The company said the low single-digit unit case volume growth in developed markets was offset by continued macroeconomic challenges in several Latin American markets. Analysts expected revenue of $9.13 billion for the quarter.
For the full year 2017, The Coca-Cola Company expects its comparable EPS to decline 1% to 4% from $1.91 in 2016.
The company expects: approximately 3% growth in organic revenues; and 7% to 8% growth in comparable currency neutral income before taxes, driven by strong operating performance partially offset by an increasing interest rate environment. ■