Coca-Cola (NYSE:KO) jumped in early trading Tuesday after delivering Q4 results that topped expectations, driven by strong organic sales growth.
The company reported revenue of $11.5 billion, up 6.5% year-over-year, while earnings per share rose 12% to $0.55, beating the $0.52 consensus estimate. Organic revenue surged 14%, far exceeding the expected 7.2% growth and outpacing PepsiCo's (PEP) 2.1% increase for a similar period. The biggest gains came from Latin America (+25%), Europe, Middle East & Africa (+17%), and North America (+15%).
Higher prices fueled the revenue jump, as global unit case volume increased just 2%. Operating income also saw strong growth, rising 22%, with Latin America up 46% and North America up 26%. Looking ahead, Coca-Cola forecasts full-year organic revenue growth of 5% to 6% and expects EPS between $2.94 and $2.97, in line with analyst estimates. Shares of KO gained marginally following the report.
This article first appeared on GuruFocus.免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。