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.
Most Popular
Key highlights from Box (BOX) Q4 2021 earnings results
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Infographic: Highlights of Hewlett Packard’s (HPE) Q1 2021 earnings report
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre (MELI): Here is a stock to have on your investment radar
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth
