Coca-Cola expects coronavirus could hit first-quarter earnings by up to 2 cents

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Coca-Cola is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%.

The global beverage giant is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%.

Despite the hit to its first-quarter financial results, the company still expects to meet its full-year targets. Coke estimates 2020 organic revenue will grow by 5% and adjusted earnings per share will increase by 7% to $2.25. In 2019, the company reported net sales of $37.3 billion and earnings per share of $2.07.

Shares of the company are down less than 1% in premarket trading. The stock, which has a market value of $256 billion, is up 30% over the last 12 months.in late January that China accounts for about 10% of its global volume but less of its profits and revenue. The company expects to provide more information about the outbreak's impact on its business during its first-quarter earnings call in April.

Coke will be presenting at the Consumer Analyst Group of New York conference in Boca Raton, Florida, later on Friday morning.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Coronavirus live updates: Coca-Cola takes an earnings hit, Iran confirms more casesDaily life amid the coronavirus outbreak “has gotten much more difficult,” onlyyoontv reports from Beijing. “Why won’t people eat here?” -CNBC reporter wearing a mask Is the mighty dragon imploding bit by bit? Coronavirus is peeling China like an onion day by day. Affecting both its domestic and international businesses. Is this a preamble to the demise of a the world fastest growing economy?
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Coronavirus live updates: Coca-Cola takes an earnings hit, Iran confirms more casesDaily life amid the coronavirus outbreak “has gotten much more difficult,” onlyyoontv reports from Beijing. “Why won’t people eat here?” -CNBC reporter wearing a mask Is the mighty dragon imploding bit by bit? Coronavirus is peeling China like an onion day by day. Affecting both its domestic and international businesses. Is this a preamble to the demise of a the world fastest growing economy?
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »