Growth in developed markets was led by the United States, the United Kingdom and Mexico, while growth in developing and emerging markets was led by Brazil and India. The segment includes Simply, which is its second-largest brand by revenue. The company expects growth of 8% to 10% on a currency-neutral basis, which translates to $2.51 to $2.55 per share, compared with the $2.32 reported for 2021. Analysts had expected $2.45 per share. We are confident in our full-year guidance, and we are well-equipped to win in all types of environments as we fuel strong topline momentum and create value for our stakeholders.. For the best Barrons.com experience, please update to a modern browser. Chief Financial Officer John Murphy will receive a pay bump when he takes over the president role from retiring Brian Smith. Sports drinks grew 22%, primarily driven by strong growth of BODYARMOR and Powerade. Rival PepsiCo similarly warned investors about rising costs for packaging and transportation. Coca-Cola Zero Sugar grew 14%, driven by double-digit growth across all geographic operating segments. Coke's sparkling soft drinks segment, which includes its namesake soda, saw volume grow 8% in the quarter. Suco, whose Coca-Cola Q4 sales rise 10% as more venues open. Sign up for free newsletters and get more CNBC delivered to your inbox. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Coca-Cola currently reports operating results under the following segments - Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Global Ventures; Bottling Investments and Corporate. Price/mix grew 7%, driven by pricing actions in the marketplace along with favorable channel and package mix due to cycling the impact of the pandemic in the prior year. The company gained value share in total NARTD beverages, driven by continued recovery in away-from-home channels along with strong performance in at-home channels across most categories. Coffee saw the second-highest surge, growing 17% as Coke reopened Costa cafes in the United Kingdom. Net sales rose 10% to $9.46 billion, topping expectations of $8.96 billion. Net revenues grew 16%; organic revenues (non-GAAP) grew 18%, Operating income grew 25%; comparable currency neutral operating income (non-GAAP) grew 24%, Operating margin was 32.5% versus 30.2% in the prior year; comparable operating margin (non-GAAP) was 31.4% versus 31.0% in the prior year, EPS grew 23% to $0.64; comparable EPS (non-GAAP) grew 16% to $0.64, 1% to 2% impact to net revenues and operating income, $0.04 impact to comparable EPS (non-GAAP). Investors are excited about prospects for increasing cash returns, too, through dividends and stock buyback spending. Hydration grew 8%, led by strong growth in Latin America and Europe, Middle East and Africa. The company is also predicting organic revenue growth of 7% to 8% for the full year. Coke's organic revenue climbed 9% in the quarter. As of July 2022 Coca-Cola has a market cap of $265.99 Billion. A Division of NBCUniversal. During the fourth quarter, Coke bought full control of Bodyarmor for $5.6 billion, helping the company gain market share in the sports drink category. All Rights Reserved. Unit case volume grew 8%, with broad-based growth across all operating segments. Price/mix grew 5%, driven by pricing actions across key markets. Unit case volume grew 5%.

To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Organic revenues were up 18% and the group's operating margin improved to 32.5%. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. Concentrate sales were 2 points behind unit case volume, primarily due to the impact of one less day in the quarter. The quarter's revenue was hurt by six fewer days than the prior year and the timing of concentrate shipments, according to the company. Concentrate sales were 3 points ahead of unit case volume, largely due to the timing of concentrate shipments in the current quarter, partially offset by the impact of one less day in the quarter. Coca-Cola earnings and revenue topped Wall Street's estimates, but the company's 2022 forecast was weaker than expected. Subscribe to Yahoo Finance Plus to view Fair Value for KO. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. Early Monday, Coke (ticker:KO) reiterated its forecasts for full-year adjusted EPS and sales. Tea grew 8%, led by growth in Brazil, Japan and Mexico. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. "While we are seeing some impacts from the omicron variant through the first few weeks of the year, we're not seeing the same level of disruption as previous waves and our system is better equipped," CEO James Quincey said on a conference call. Coca-Cola (NYSE: KO) has a few big questions to answer for investors in late July. Coke Zero Sugar saw double-digit growth. The roll out of Coca-Cola Energy, Coca-Cola Plus Coffee, Powerade Ultra and Powerade Power Water are some additions on these lines. Earnings per share: 45 cents adjusted vs. 41 cents expected, Revenue: $9.46 billion vs. $8.96 billion expected. Coca-Cola issued an upbeat outlook for 2022, but reminded investors that it faces challenges in the supply chain and as China fights Covid-19, among other issues. PepsiCo (PEP) - Get PepsiCo Inc. Report, Coca-Cola's main global rival, will publish first quarter earnings on Tuesday, with analysts looking for a bottom line of $1.23 per share on revenues of $15.52 billion. Operating income grew 33%, which included items impacting comparability. Nutrition, juice, dairy and plant-based beverages grew 12%, led by Fairlife in the United States, Minute Maid Pulpy in China and Maaza in India. On Jul 21st, 2022 the market cap of Coca-Cola was reported to be: What is the market capitalization of a company.

We remain true to our purpose and are staying close to consumers. The company is making investments in healthier alternatives like coffee, sparkling water and sports drinks. Data is a real-time snapshot *Data is delayed at least 15 minutes. A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen, Mexico. We are pleased with our first quarter results as our company continues to execute effectively in a highly dynamic and uncertain operating environment, said CEO James Quincey. Operating income grew 25%, which included items impacting comparability and a 6-point currency headwind. CocaCola market cap history and chart from 2010 to 2022. Coke bottlers will distribute the product in the U.S., while Bodyarmor will be managed as a separate business within Coke's North American division. Shares of Coke closed Thursday, up 0.5% at $61.37. The Coca-Cola Company describes itself as the largest beverage company worldwide. Unit case volume also rose 9%. Research that delivers an independent perspective, consistent methodology and actionable insight. Volume of nutrition, juice, dairy and plant-based beverages climbed 11%. Operating income grew 37%, which included items impacting comparability and a 7-point headwind from currency. 2022 CNBC LLC. 2022 Endeavor Business Media, LLC. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. This makes Coca-Cola the world's 31th most valuable company by market cap according to our data. We want to hear from you. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. The Atlanta NAMA adds new experiences to expand Coffee Tea & Water event, launches registration, With their proven process, Advantage Refreshments is poised to support mainstream operators, Keurig Dr Pepper announces executive leadership team changes in advance of CEO transition, Kevin McAdams appointed president of Perdue Foods and COO of Perdue Farms, Primo Water Corporation announces acquisition of Highland Mountain Water. Coca-Cola Q2 Preview: Can the Earnings Streak Continue? Last month, Coca-Cola suspended sales in Russia, following that country's invasion of Ukraine in late February, putting between 1% and 2% of its net operating revenue at risk. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. We are pleased with our first quarter results as our company continues to execute effectively in a highly dynamic and uncertain operating environment, said CEO James Quincey. For 2022, Coke is expecting comparable earnings per share growth of 5% to 6%, while Wall Street analysts were forecasting 6.1% growth. Coca-Cola Co.'s revenue climbed 10% to $9.5 billion in the fourth quarter as movie theaters, restaurants and coffee shops, among other venues, continued to reopen. Coca-Cola on Thursday reported quarterly earnings and revenue that beat analysts' expectations as consumers drank more of the company's products away from home, topping pre-pandemic levels for the first time. Hydration, sports, coffee and tea grew 10%.

Constellation Brands CEO discusses deal with Coca-Cola to make alcoholic Fresca cocktails. The Coca-Cola Company reported first quarter 2022 results, showing continued momentum in marketplace performance. Looking into the 2022 financial year, Coca-Cola said it sees organic revenue growth of between 7% and 8% and comparable earnings growth of between 5% to 6% , both unchanged from its February forecasts, as inflation-linked input costs continue put a headwind to its bottom line. Sparkling soft drinks and sports drinks led growth during the quarter. The company is working with Molson Coors to release Simply Spiked Lemonade this summer, capitalizing on the juice and plant-based milk brand's popularity. Volume performance was driven by continued investments in the marketplace and a benefit from cycling the impact of the pandemic in the prior year. Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate.

Sparkling flavors grew 7%, led by Europe, Middle East and Africa and Latin America. An error has occurred, please try again later. 2022 TheStreet, Inc. All rights reserved. Michael A. Suco will step up to serve as Birmingham, AL-based Coca-Cola Bottling Company United Inc.s next president and chief executive, effective Aug. 1, 2022. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Price/mix growth included a benefit resulting from the timing of price increases in the prior year. Currency in USD, Trade prices are not sourced from all markets, Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies. Coca-Cola mural in downtown Panama City was hidden for decades. Growth was driven by further recovery in the fountain business as coronavirus related uncertainty continued to abate. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth. Coffee grew 27%, primarily driven by cycling the impact of Costa retail store closures in the United Kingdom in the prior year and continued expansion of Costa coffee across markets. The company's portfolio includes beverage products, spanning from sodas to energy drinks.

It expects higher commodity costs to hit earnings by mid-single digits. All rights reserved. This was partially offset by an increase in marketing investments versus the prior year. https://www.barrons.com/articles/coca-cola-stock-price-earnings-51650886715. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Coca-Cola (KO) - Get Coca-Cola Company (The) Reportshares hit a record high Monday after it posted stronger-than-expected first quarter earnings, while confirming its full-year profit and sales forecasts, amid what the iconic drinks group called a "highly dynamic and uncertain operating environment". Rival PepsiCo similarly warned investors about rising costs for packaging and transportation. The approximate direct impacts of this are estimated to be as follows: Coca-Cola Consolidated's Q4, FY 2021 sales rise on price hikes. The stock hit a an all-time high of $67.20 earlier in the session. We've detected you are on Internet Explorer. We are pleased with our first quarter results as our company continues to execute effectively in a highly dynamic and uncertain operating environment, said James Quincey, chairman and CEO of The Coca-Cola Company. Excluding items, Coke earned 45 cents per share, beating the 41 cents per share expected by analysts surveyed by Refinitiv. We remain true to our purpose and are staying close to consumers. Now, see the painting restored. This copy is for your personal, non-commercial use only. Comparable currency neutral operating income (non-GAAP) grew 24%, driven by strong organic revenue (non-GAAP) growth across all operating segments, including a benefit from the timing of concentrate shipments in certain operating segments. Got a confidential news tip?

Get this delivered to your inbox, and more info about our products and services. But the company issued a weaker-than-expected outlook, predicting that higher inflation would continue to weigh on its profits throughout 2022. Price/mix further benefited by positive segment mix. []. Management forecast organic sales growth of 7% to 8% for 2022, while the consensus call among analysts was for 7.4%. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. On March 8, 2022, the company announced the suspension of its business in Russia as a result of the conflict in Ukraine. Sports drinks saw the highest spike in volume changes, driven by its recent Bodyarmor acquisition. Coke's hydration, sports drinks, coffee and tea division saw 12% volume growth in the quarter.