The Coca-Cola Company (KO), the world
largest soft-drink maker, reported its third quarter (3Q) financial
results for fiscal year 2013 (FY13) on October 16. The company’s
revenues are typically the highest in the summer months – or the second
and third quarters – when warm weather acts as a demand driver for soft
drink sales.
In the latest quarter ended September
30, 2013, Coca-Cola reported an EPS of $0.54, an 8% Year-over-Year (YoY)
increase from the same quarter last year. The EPS figure was in line
with analysts’ estimates, signaling strong fiscal management, despite a
YoY decline in overall revenues.
Total net revenues for the quarter came
in at $12.03 billion, and missed analyst expectations of $12.05 billion
by just 0.19%. Reported revenues declined 3% YoY, mainly due to
restructuring charges in its Philippines and Brazil operations. After
excluding restructuring costs, and accounting currency fluctuations,
global revenues actually increased 4%. read more about Coca-Cola.
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