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Coca-Cola quarterly figures beat estimates

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Miguel A. Rodriguez
Miguel A. Rodriguez
21 April 2021
One of the global beverage giants, Coca-Cola, posted its first-quarter 2021 figures

The company reported an adjusted EPS of 55 cents, ahead of the 50 cents expected. At the same time, the revenue came in at $9.02 billion versus the $8.6 billion forecasted. The results were driven by the monthly improvement in demand, especially in China, where uncertainty caused by COVID-19 has fallen. But in North America and Western Europe, the demand takes longer to recover. However, at a global level, the volume in March returned to 2019 levels.

Coca-Cola CEO James Quincey stated: “We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing, and economies are opening up, and we remain confident in our full-year guidance.” The full-year forecast refers to an organic revenue increase in the high single digits, while the adjusted EPS is seen between high single numbers to low double digits.

In a separate filing, Coca-Cola announced that it is looking to list Coca-Cola Beverages Africa publicly. It will sell a portion of its holdings in an IPO, which is expected to occur in 18 months, with shares listed in Amsterdam and Johannesburg.

Following the news, Coca-Cola stock price went up less than 1%.

Source: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.