Coca-Cola Earnings Cheat Sheet: Revenues Bubble Higher As Profits Fizz

S&P 500 (NYSE:SPY) component The Coca-Cola Company (NYSE:KO) reported higher profit for the first quarter as revenue showed growth. The Coca-Cola Company is a leading manufacturer of nonalcoholic beverage concentrates and syrups. Biggest Secret in Business History Revealed: Coca-Cola Home Brew?>>

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The Coca-Cola Company Earnings Cheat Sheet for the First Quarter

Results: Net income for the soft drink company rose to $1.9 billion (82 cents/share) vs. $1.61 billion (69 cents/share) in the same quarter a year earlier. A rise of 17.7% from the year earlier quarter.

Revenue: Rose 39.8% to $10.52 billion YoY.

Actual vs. Wall St. Expectations: KO fell short of the mean analyst estimate of 87 cents/share. Estimates ranged from 84 cents per share to 89 cents per share.

Quoting Management: Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company said, “I am pleased with our first quarter results. Despite ongoing global geopolitical challenges, we once again delivered consistent, quality growth across all five of our geographic operating groups, with broad worldwide share gains across beverage categories. The growing value of our brands, our consistent quality operating results and our solid financial performance underscore how our system is steadily and strategically advancing its momentum around the world.”

Key Stats: The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose more than threefold and in the third quarter of the last fiscal year, the figure rose 8.4%.

Over the last five quarters, revenue has increased 18.8% on average year over year. The biggest increase came in the most recent quarter, when revenue rose 39.8% from the year earlier quarter.

Competitors to Watch: PepsiCo, Inc. (NYSE:PEP), Dr Pepper Snapple Group Inc. (NYSE:DPS), Hansen Natural Corporation (NASDAQ:HANS), Coca-Cola Enterprises Inc. (NYSE:CCE), Heckmann Corporation (NYSE:HEK), National Beverage Corp. (NASDAQ:FIZZ), Jones Soda Co. (NASDAQ:JSDA), Celsius Holdings, Inc. (NASDAQ:CELH), and Cott Corporation (NYSE:COT).

Today’s Performance: Shares of KO are trading at $66.80 as of April 26, 2011 at 8:55 AM ET, down over 1% from the previous close.


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