Tailing its lover PepsiCo, the red-giant Coca-Cola announced its fourth quarter results on Friday — the week that has Valentine’s day in it.
Much like Pepsi, The Coca-Cola Company saw net revenue dip 20% to $7.51 billion. Net loss was $2.75 billion or $0.65 per share, with the respite of adjusted EPS improving 5.4% to $0.39.
FY 2018 Outlook
The iconic beverage brand now expects its non-GAAP organic revenue to grow 4% in the coming year. Non-GAAP EPS from continuing operations is touted to grow 8% to 10% as opposed to $1.91 in 2017. Coca-Cola expects about $1.9 billion in capital expenditures, excluding discontinued operations, in FY 2018.
Q1 2018 Outlook
For the first quarter of 2018, The Coca-Cola Company expects deals and transactions to push net revenues down 26% on a non-GAAP basis.