Boston, MA 10/16/2013 (wallstreetpr) – The Coca-Cola Company (NYSE:KO) reported its quarterly earnings on Tuesday, Oct 15. The company managed to meet the expectations of Wall Street even under the present economic scenario. Coca- Cola demonstrated an impressive growth rate on an international scale, recording a 2% growth. The brand is most popular among the North Americans. The company has adopted the strategy to target the youth, preferably teenagers who choose coke over other soft drinks in the ratio of 2:1.
The company had recorded a net decline in the third quarter. But the overall revenue and operating income of the company has increased. In the present quarter, the company marked 181 billion servings as informed by the company in its conference. The net income for the company increased by 6% which means it moved up from $2.31 billion to $2.45 billion, when compared to the previous year’s results. On per share basis, the company elevated from earning 50 cents to 54 cents this year. The results are almost at par with what the analysts had estimated. Keeping aside special items, the earnings are 53 cents on every share, close to expectations. However, analysts had better expectations with the revenue. The actual revenue generated was 3% below expectations that is it was $12.03 billion instead of the expected $12.34 billion. This downfall is caused mainly due to the restructuring of the bottling operations in Philippines and Brazil. 60% of this revenue is earned from international markets. The world’s biggest soft- drink producer generates 70% of the revenue by selling soda.
The volume increased 4% in Eurasia and Africa. It shored up 5% in the Pacific region and 21% and 9% in Vietnam and China, respectively. However, a decline was noticed in Europe. The volume fell about 1% here. In Latin America, this volume was neutral.
